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Codan Limited (ASX:CDA) has announced that on 7th of September, it will be paying a dividend ofA$0.15, which a reduction from last year's comparable dividend. The dividend yield of 3.9% is still a nice boost to shareholder returns, despite the cut.
Check out our latest analysis for Codan
Codan's Payment Has Solid Earnings Coverage
While it is great to have a strong dividend yield, we should also consider whether the payment is sustainable. The last payment was quite easily covered by earnings...
>>> Read more: Codan's (ASX:CDA) Shareholders Will Receive A Smaller Dividend Than Last Year
Check out our latest analysis for Codan
Codan's Payment Has Solid Earnings Coverage
While it is great to have a strong dividend yield, we should also consider whether the payment is sustainable. The last payment was quite easily covered by earnings...
>>> Read more: Codan's (ASX:CDA) Shareholders Will Receive A Smaller Dividend Than Last Year
