IEL News: IDP Education (ASX:IEL) Is Increasing Its Dividend To A$0.20 - 31st Aug 2023, 6:12am

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IDP Education Limited (ASX:IEL) will increase its dividend from last year's comparable payment on the 28th of September to A$0.20. This makes the dividend yield about the same as the industry average at 1.6%.

View our latest analysis for IDP Education

IDP Education's Earnings Easily Cover The Distributions

We aren't too impressed by dividend yields unless they can be sustained over time. Prior to this announcement, IDP Education was paying out 77% of earnings and more than 75% of free cash fl...

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