Michael Hill International (ASX:MHJ) Dividend Payout Ratio : 0.88 (As of Dec. 2023)

View and export this data going back to 2016. Start your Free Trial

What is Michael Hill International Dividend Payout Ratio?

Michael Hill International's dividend payout ratio for the months ended in Dec. 2023 was 0.88.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Michael Hill International Ltd is 2.39, which seems too high.

The historical rank and industry rank for Michael Hill International's Dividend Payout Ratio or its related term are showing as below:

ASX:MHJ' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.12 Med: 0.58 Max: 2.39
Current: 2.39

During the past 13 years, the highest Dividend Payout Ratio of Michael Hill International was 2.39. The lowest was 0.12. And the median was 0.58.

ASX:MHJ's Dividend Payout Ratio is ranked worse than
96.82% of 503 companies
in the Retail - Cyclical industry
Industry Median: 0.38 vs ASX:MHJ: 2.39

As of today (2024-05-15), the Dividend Yield % of Michael Hill International is 8.20%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Michael Hill International was 21.25%. The lowest was 1.04%. And the median was 5.81%.

Michael Hill International's Dividends per Share for the months ended in Dec. 2023 was A$0.04.

During the past 12 months, Michael Hill International's average Dividends Per Share Growth Rate was -3.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 40.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 6.90% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Michael Hill International was 40.80% per year. The lowest was -33.10% per year. And the median was -4.95% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Michael Hill International Dividend Payout Ratio Historical Data

The historical data trend for Michael Hill International's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Michael Hill International Dividend Payout Ratio Chart

Michael Hill International Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Dividend Payout Ratio

Get a 7-Day Free Trial

1.06

1.26

0.12

0.49

0.94

Michael Hill International Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															0.31	0.97	0.44	-	0.88

Competitive Comparison of Michael Hill International's Dividend Payout Ratio

For the Luxury Goods subindustry, Michael Hill International's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Michael Hill International's Dividend Payout Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Michael Hill International's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Michael Hill International's Dividend Payout Ratio falls into.

Michael Hill International Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Michael Hill International's Dividend Payout Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Jun. 2023 )	/	EPS without NRI (A: Jun. 2023 )
	=	0.081	/	0.086
	=	0.94

Michael Hill International's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.035	/	0.04
	=	0.88

Michael Hill International (ASX:MHJ) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Michael Hill International Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Michael Hill International's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Michael Hill International (ASX:MHJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Michael Hill International Ltd (ASX:MHJ) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

MHJ:New Zealand

Address

34 Southgate Avenue, Cannon Hill, QLD, AUS, 4170

Website

https://www.michaelhill.com

Michael Hill International Ltd is an Australia based specialist retail jewellery chain engaged in the sale of jewellery and related services. It operates stores in Australia, New Zealand and Canada. The group derives prime revenue from Australia. The product portfolio of the company includes Rings, Earrings, Pendants and Necklaces, Bracelets, Bangles and other products.

Michael Hill International (ASX:MHJ) Headlines

No Headlines