Companhia Energética de Minas Gerais - CEMIG
CIGUtilities · Stock · quarterly payer
Forward Yield
8.27%
Annual Dividend
$0.18
Payout Ratio
101%
5-Yr Growth
1.4%
Ex-Date
Jul 2, 2026
Frequency
Quarterly
Summary
As of July 2026, Companhia Energética de Minas Gerais - CEMIG (CIG) yields 8.27% ($0.18 per share annually), with a blended fair-value estimate of $6.19 — +189% upside, so it screens as undervalued. Dividend safety grade: C (54/100). 2 years of dividend growth.
Is CIG a good dividend stock?
MixedCompanhia Energética de Minas Gerais - CEMIG (CIG) pays a quarterly dividend yielding 8.27% ($0.18/yr), with 2 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2023
- Elevated payout ratio (101%)
- Very high yield can signal elevated risk
Key Data
- Dividend Yield
- 8.27%
- Payout Ratio
- 101%
- Annual Dividend
- $0.18
- 5-Yr Avg Growth
- 1.4%
- Ex-Dividend Date
- Jul 2, 2026
- Years of Growth
- 2
- Frequency
- quarterly
- Beta
- 0.09
- Market Cap
- $6.2B
- P/E Ratio
- 6.5
- 5-Yr Total Return
- 9%
- 52-Week Range
- $1.79 – $2.76
- Dividend Safety
- C · 54/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
CIG Price — Last 12 Months
Daily close
Price Return
1 Year
+5%
3 Years
+14%
5 Years
+9%
52-Week Range
$1.79 – $2.76
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is CIG worth?
Undervaluedlow confidenceOur blended fair-value estimate for Companhia Energética de Minas Gerais - CEMIG is $6.19 per share, versus a market price of $2.14. That implies 189% of upside — a margin of safety of about 65%.
Fair Value
$6.19
Current Price
$2.14
Upside
+189%
Margin of Safety
65%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 20.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $0.33 EPS, $0.18 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
CIG Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 2, 2026 | — | $0.0430 | regular |
| May 14, 2026 | — | $0.0480 | regular |
| Mar 30, 2026 | — | $0.0430 | regular |
| Jun 30, 2025 | — | $0.0380 | regular |
| May 12, 2025 | — | $0.1190 | regular |
| Mar 31, 2025 | — | $0.0330 | regular |
| Dec 30, 2024 | — | $0.0320 | regular |
| Sep 30, 2024 | — | $0.0300 | regular |
| Aug 26, 2024 | — | $0.0880 | regular |
| Jul 1, 2024 | — | $0.0280 | regular |
| May 2, 2024 | — | $0.0677 | regular |
| Mar 28, 2024 | — | $0.0269 | regular |
| Dec 22, 2023 | — | $0.0938 | regular |
| Sep 29, 2023 | — | $0.0300 | regular |
Income Calculator
At $0.18 / yr per share
