About Ceconomy AG (MTAGF) — Dividend Analysis 2026
Ceconomy AG engages in the consumer electronics retail business. The company operates approximately 850 stores in 14 countries under the MediaMarkt brand; and approximately 170 stores in 3 countries under the Saturn brand. It also operates Flip4New for selling used electronic articles online. In addition, the company offers professional assistance for the installation, connection, and troubleshooting of electronic devices at home under the Deutsche Technikberatung brand. It operates in Germany, Austria, Switzerland, and Hungary, as well as in Western, Southern, and Eastern Europe. The company is based in Düsseldorf, Germany.
Is MTAGF a good dividend investment in 2026?
MTAGF offers a 35.91% forward yield with a 50% payout ratio. Strand Safety Score: 45/100 (Moderate Risk). The 5-year dividend CAGR of -50% is modest — investors should weigh current income against growth alternatives.
MTAGF DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your MTAGF portfolio grows to $2.4K vs $5.0K without reinvestment. This is the compound interest effect in action.
MTAGF dividend growth history & forecast
MTAGF has grown its dividend by 0% over the last year and -50% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 35.91%.
FCF ($690M) is below dividends paid ($970M) — risk of cut (FCF: $690M · Dividends est.: $970M)
Debt Leverage0.0× Debt/EBITDA
30 / 30 pts
30/30
Debt/EBITDA 0.0× — low leverage, balance sheet is strong
Earnings Momentum-0.0B → +0.1B → -0.0B
15 / 30 pts
15/30
Net income grew in the latest year — positive but trend is unconfirmed
OVERALL ASSESSMENT
Dividend at moderate risk — monitor coverage and debt closely.
STRAND SCORE
45
/100
Strand Safety Score™ is proprietary to DividendFlow. Inputs: FCF, Debt/EBITDA, Net Income from SEC filings via FMP. Not financial advice. N/A for ETFs, pre-revenue companies, and tickers without income statements.
🌍 MTAGF Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold MTAGF.
Gross yield
35.91%
Tax rate
15.00%
After-tax yield
30.52%
Real yield (−CPI)
27.72%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
35.91%
33.11%
$3,591 / yr
🇺🇸 US Taxable (15%) ✓
15%
30.52%
27.72%
$3,052 / yr
🇺🇸 US Taxable (20%)
20%
28.73%
25.93%
$2,873 / yr
🇬🇧 UK ISA
0%
35.91%
33.11%
$3,591 / yr
🇬🇧 UK Taxable
8.75%
32.77%
29.97%
$3,277 / yr
🇨🇦 TFSA
0%
35.91%
33.11%
$3,591 / yr
🇨🇦 CA Taxable
25%
26.93%
24.13%
$2,693 / yr
🇦🇺 Super (pension)
15%
30.52%
27.72%
$3,052 / yr
🇦🇺 AU Taxable
30%
25.14%
22.34%
$2,514 / yr
🇩🇪 DE Taxable
26.375%
26.44%
23.64%
$2,644 / yr
🇫🇷 FR Taxable
30%
25.14%
22.34%
$2,514 / yr
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 MTAGF Income Goal & Break-Even
Dividend Break-Even
50yr+
Years for dividends to fully repay your MTAGF investment of $5.57/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$3.5K
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$1.0K
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in MTAGF for:
Shares needed
14,118
Capital required
$78,637
Monthly income
$2,000
Based on current dividend of $2.00/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 MTAGF Dividend Payment Schedule
MTAGF pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$4.25 / payment
$17.00 / year after tax
100 shares
$42.50 / payment
$170.00 / year after tax
1,000 shares
$425.00 / payment
$1700.00 / year after tax
📊 MTAGF vs S&P 500 Average Benchmarks
How MTAGF compares to typical S&P 500 Average averages. (Sector "Consumer Cyclical" not matched — using S&P 500 average)
Benchmark: S&P 500 Average
Dividend Yield▲+32.91% vs sectorBetter
MTAGF
35.91%
avg
3.00%
5Y Dividend CAGR▼-55.50% vs sectorBelow avg
MTAGF
-50.00%
avg
5.50%
Payout Ratio▲-8.00% vs sectorBetter
MTAGF
50.00%
avg
58.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for MTAGF sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ MTAGF Insider Activity
No recent SEC filings reported in the last 90 days.
🔬
Financial Health Scores
Altman Z-Score
1.83
⚠️ Grey Zone — monitor closely
Safe: >3.0 · Grey: 1.81–3.0 · Distress: <1.81
Piotroski F-Score
4/9
⚠️ Moderate fundamentals
Strong: 7–9 · Moderate: 4–6 · Weak: 0–3
Altman Z-Score predicts bankruptcy risk. Piotroski F-Score measures financial strength across 9 criteria. High scores → lower dividend cut risk. Data via FMP financial statements.
📊 About This Data
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the MTAGF dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →