Merafe Resources (JSE:MRF) Dividend Payout Ratio : 1.11 (As of Dec. 2023)

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What is Merafe Resources Dividend Payout Ratio?

Merafe Resources's dividend payout ratio for the months ended in Dec. 2023 was 1.11.

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

JSE:MRF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.09 Med: 0.16 Max: 0.63
Current: 0.55

During the past 13 years, the highest Dividend Payout Ratio of Merafe Resources was 0.63. The lowest was 0.09. And the median was 0.16.

JSE:MRF's Dividend Payout Ratio is ranked worse than
62.55% of 259 companies
in the Metals & Mining industry
Industry Median: 0.42 vs JSE:MRF: 0.55

As of today (2024-05-20), the Dividend Yield % of Merafe Resources is 33.60%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Merafe Resources was 33.60%. The lowest was 1.01%. And the median was 4.76%.

Merafe Resources's Dividends per Share for the months ended in Dec. 2023 was R0.20.

During the past 12 months, Merafe Resources's average Dividends Per Share Growth Rate was -2.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 102.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 29.60% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Merafe Resources was 111.40% per year. The lowest was -25.60% per year. And the median was 61.25% per year.

The growth rate is calculated with least square regression.

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

Merafe Resources Dividend Payout Ratio Historical Data

The historical data trend for Merafe Resources'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.

Merafe Resources Dividend Payout Ratio Chart

Merafe Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.10

0.60

0.55

Merafe Resources 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															0.16	0.60	0.62	0.31	1.11

Competitive Comparison of Merafe Resources's Dividend Payout Ratio

For the Other Industrial Metals & Mining subindustry, Merafe Resources'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.

Merafe Resources's Dividend Payout Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Merafe Resources's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Merafe Resources's Dividend Payout Ratio falls into.

Merafe Resources Dividend Payout Ratio Calculation

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

Merafe Resources's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	0.33	/	0.601
	=	0.55

Merafe Resources'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 )
	=	0.2	/	0.181
	=	1.10

Merafe Resources (JSE:MRF) 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.

Merafe Resources Dividend Payout Ratio Related Terms

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

Merafe Resources (JSE:MRF) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

RZT:Germany

Address

35 Ballyclare Drive, Building B, 2nd floor, Ballyoaks Office Park, Bryanston, ZAF, 2191

Website

https://www.meraferesources.co.za

Merafe Resources Ltd through its wholly-owned subsidiary, Merafe Ferrochrome and Mining Proprietary Limited, participates in chrome mining and the beneficiation of chrome ore into ferrochrome. The Glencore-Merafe Chrome Venture (Venture) operates five ferrochrome smelters, twenty-two ferrochrome furnaces, and nine mines, situated in the North-West, Limpopo, and Mpumalanga provinces of South Africa. The company has operating mines namely, Waterval mine; Marikana West; and Kroondal Gemini. The Group has one reportable segment being the mining and beneficiation of chrome ore into ferrochrome and associated minerals.