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Cia Energetica DE Minas Gerais - Cemig (Cia Energetica DE Minas Gerais - Cemig) 3-Year Dividend Growth Rate

: 74.60% (As of Sep. 2023)
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Cia Energetica DE Minas Gerais - Cemig's Dividends per Share for the three months ended in Sep. 2023 was $0.04.

The historical rank and industry rank for Cia Energetica DE Minas Gerais - Cemig's 3-Year Dividend Growth Rate or its related term are showing as below:

CIG' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -51.6   Med: 9.95   Max: 94.7
Current: 74.6

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Cia Energetica DE Minas Gerais - Cemig was 94.70% per year. The lowest was -51.60% per year. And the median was 9.95% per year.

CIG's 3-Year Dividend Growth Rate is ranked better than
96.6% of 294 companies
in the Utilities - Regulated industry
Industry Median: 5 vs CIG: 74.60

During the past 12 months, Cia Energetica DE Minas Gerais - Cemig's average Dividends Per Share Growth Rate was -57.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 74.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 94.30% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 6.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Cia Energetica DE Minas Gerais - Cemig's Dividend Payout Ratio for the three months ended in Sep. 2023 was 0.38. As of today, Cia Energetica DE Minas Gerais - Cemig's Dividend Yield % is 9.51%.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the Utilities - Diversified subindustry, Cia Energetica DE Minas Gerais - Cemig's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cia Energetica DE Minas Gerais - Cemig 3-Year Dividend Growth Rate Distribution

For the Utilities - Regulated industry and Utilities sector, Cia Energetica DE Minas Gerais - Cemig's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Cia Energetica DE Minas Gerais - Cemig's 3-Year Dividend Growth Rate falls into.



Cia Energetica DE Minas Gerais - Cemig 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Cia Energetica DE Minas Gerais - Cemig  (NYSE:CIG) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Cia Energetica DE Minas Gerais - Cemig's Dividend Payout Ratio for the quarter that ended in Sep. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Sep. 2023 )/ EPS without NRI (Q: Sep. 2023 )
=0.039/ 0.104
=0.38

During the past 13 years, the highest Dividend Payout Ratio of Cia Energetica DE Minas Gerais - Cemig was 1.70. The lowest was 0.18. And the median was 0.43.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Cia Energetica DE Minas Gerais - Cemig Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.0352024-03-282024-04-010000-00-00Cash DividendquarterlyUSD:USD 1.000000
USD 0.1222023-12-222023-12-260000-00-00Cash DividendquarterlyUSD:USD 1.000000
USD 0.0392023-09-292023-10-020000-00-00Cash DividendquarterlyUSD:USD 1.000000
USD 0.0412023-06-302023-07-030000-00-00Cash DividendquarterlyUSD:USD 1.000000
USD 0.0232023-04-282023-05-010000-00-00Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Cia Energetica DE Minas Gerais - Cemig's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=0.26/2.48
=10.48 %

Current Share Price is $2.48.
Cia Energetica DE Minas Gerais - Cemig's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.26.

During the past 13 years, the highest Dividend Yield of Cia Energetica DE Minas Gerais - Cemig was 17.38%. The lowest was 0.20%. And the median was 5.91%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Cia Energetica DE Minas Gerais - Cemig 3-Year Dividend Growth Rate Related Terms>


Cia Energetica DE Minas Gerais - Cemig (Cia Energetica DE Minas Gerais - Cemig) Business Description

Address
Avenida Barbacena, 1200, Belo Horizonte, MG, BRA, 30190-131
Cia Energetica DE Minas Gerais - Cemig Formerly Energy Company of Minas Gerais is a Brazilian power company that generates, transmits, and distributes electricity. As one of the largest power companies in Brazil, the firm operates across most Brazilian states and Chile. The company has various subsidiaries and operates chiefly through its generation, transmission, distribution, and gas segments. The majority of the company's revenue is derived from electricity sales to consumers. The company generates power primarily through hydroelectric resources and secondarily through thermal and wind resources.

Cia Energetica DE Minas Gerais - Cemig (Cia Energetica DE Minas Gerais - Cemig) Headlines