Companhia Energética de Minas Gerais - CEMIG
CIG-CUtilities · Stock · monthly payer
Forward Yield
5.45%
Annual Dividend
$0.18
Payout Ratio
101%
5-Yr Growth
11.8%
Ex-Date
Jul 2, 2026
Frequency
Monthly
Summary
As of July 2026, Companhia Energética de Minas Gerais - CEMIG (CIG-C) yields 5.45% ($0.18 per share annually), with a blended fair-value estimate of $6.19 — +90% upside, so it screens as undervalued. Dividend safety grade: C (53/100). 2 years of dividend growth.
Is CIG-C a good dividend stock?
MixedCompanhia Energética de Minas Gerais - CEMIG (CIG-C) pays a monthly dividend yielding 5.45% ($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
- Strong 11.8% 5-yr dividend growth
- 66% total price return over 5 years
Risks
- Cut its dividend in 2023
- Elevated payout ratio (101%)
Key Data
- Dividend Yield
- 5.45%
- Payout Ratio
- 101%
- Annual Dividend
- $0.18
- 5-Yr Avg Growth
- 11.8%
- Ex-Dividend Date
- Jul 2, 2026
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- 0.09
- Market Cap
- $9.0B
- P/E Ratio
- 9.8
- 5-Yr Total Return
- 66%
- 52-Week Range
- $2.35 – $4.00
- Dividend Safety
- C · 53/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
CIG-C Price — Last 12 Months
Daily close
Price Return
1 Year
+20%
3 Years
+5%
5 Years
+66%
52-Week Range
$2.35 – $4.00
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is CIG-C worth?
Undervaluedlow confidenceOur blended fair-value estimate for Companhia Energética de Minas Gerais - CEMIG is $6.19 per share, versus a market price of $3.25. That implies 90% of upside — a margin of safety of about 47%.
Fair Value
$6.19
Current Price
$3.25
Upside
+90%
Margin of Safety
47%
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-C 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 | — | $0.0429 | regular |
| May 14, 2026 | — | $0.0477 | regular |
| May 14, 2026 | — | $0.0467 | regular |
| Mar 30, 2026 | — | $0.0432 | regular |
| Dec 30, 2025 | — | $0.0443 | regular |
| Dec 30, 2025 | — | $0.0429 | regular |
| Dec 30, 2025 | — | $0.0229 | regular |
| Dec 29, 2025 | — | $0.0265 | regular |
| Oct 6, 2025 | — | $0.0403 | regular |
| Oct 6, 2025 | — | $0.0397 | regular |
| Jun 30, 2025 | — | $0.0391 | regular |
| Jun 30, 2025 | — | $0.0379 | regular |
| May 12, 2025 | — | $0.1203 | regular |
| Mar 31, 2025 | — | $0.0348 | regular |
Income Calculator
At $0.18 / yr per share
