Why NYSE:BG provides a good dividend, while having solid fundamentals.

Our stock screening tool has identified BUNGE GLOBAL SA (NYSE:BG) as a strong dividend contender with robust fundamentals. NYSE:BG exhibits commendable financial health and profitability, all while offering a sustainable dividend. Let's delve into each aspect below.

Looking at the Dividend

ChartMill assigns a Dividend Rating to every stock. This score ranges from 0 to 10 and evaluates the different dividend aspects, including the yield, the growth and sustainability. NYSE:BG scores a 7 out of 10:

• Compared to an average industry Dividend Yield of 3.48, BG pays a bit more dividend than its industry peers.
• BG's Dividend Yield is a higher than the S&P500 average which is at 2.47.
• The dividend of BG is nicely growing with an annual growth rate of 6.44%!
• BG has been paying a dividend for at least 10 years, so it has a reliable track record.
• BG has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
• BG pays out 19.36% of its income as dividend. This is a sustainable payout ratio.

Health Assessment of NYSE:BG

A critical element of ChartMill's stock evaluation is the Health Rating, which spans from 0 to 10. This rating considers multiple health factors, including liquidity and solvency, both in absolute terms and relative to industry peers. NYSE:BG has received a 6 out of 10:

• BG has an Altman-Z score of 4.38. This indicates that BG is financially healthy and has little risk of bankruptcy at the moment.
• Looking at the Altman-Z score, with a value of 4.38, BG belongs to the top of the industry, outperforming 84.44% of the companies in the same industry.
• A Debt/Equity ratio of 0.48 indicates that BG is not too dependend on debt financing.
• A Current Ratio of 2.02 indicates that BG has no problem at all paying its short term obligations.
• The Current ratio of BG (2.02) is better than 65.56% of its industry peers.
• With a decent Quick ratio value of 1.10, BG is doing good in the industry, outperforming 70.00% of the companies in the same industry.

Analyzing Profitability Metrics

Discover ChartMill's exclusive Profitability Rating, a proprietary metric that assesses stocks on a scale of 0 to 10. It takes into consideration various profitability ratios and margins, both in absolute terms and relative to industry peers. Notably, NYSE:BG has achieved a 6:

• The Return On Assets of BG (7.81%) is better than 80.00% of its industry peers.
• BG has a better Return On Equity (19.15%) than 86.67% of its industry peers.
• BG has a Return On Invested Capital of 12.98%. This is amongst the best in the industry. BG outperforms 90.00% of its industry peers.
• The Average Return On Invested Capital over the past 3 years for BG is above the industry average of 8.36%.
• The last Return On Invested Capital (12.98%) for BG is above the 3 year average (11.03%), which is a sign of increasing profitability.
• BG's Profit Margin has improved in the last couple of years.
• In the last couple of years the Operating Margin of BG has grown nicely.
• BG's Gross Margin has improved in the last couple of years.

Every day, new Best Dividend stocks can be found on ChartMill in our Best Dividend screener.

For an up to date full fundamental analysis you can check the fundamental report of BG

Keep in mind

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.