GNC News: GrainCorp (ASX:GNC) Will Pay A Larger Dividend Than Last Year At AU$0.24 - 4th Jun 2022, 6:17am

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GrainCorp Limited (ASX:GNC) will increase its dividend on the 21st of July to AU$0.24. This makes the dividend yield about the same as the industry average at 3.5%.

See our latest analysis for GrainCorp

GrainCorp's Payment Has Solid Earnings Coverage

Solid dividend yields are great, but they only really help us if the payment is sustainable. Based on the last payment, GrainCorp was paying only paying out a fraction of earnings, but the payment was a massive 321% of cash flows. The business mi...

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