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Merafe Resources (JSE:MRF) Dividend Yield % : 33.60% (As of May. 20, 2024)


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What is Merafe Resources Dividend Yield %?

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

Good Sign:

Merafe Resources Ltd stock dividend yield is close to 10-year high.

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

JSE:MRF' s Dividend Yield % Range Over the Past 10 Years
Min: 1.01   Med: 4.76   Max: 33.6
Current: 33.6

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

JSE:MRF's Dividend Yield % is ranked better than
99.34% of 305 companies
in the Metals & Mining industry
Industry Median: 2.21 vs JSE:MRF: 33.60

Merafe Resources's Dividend Payout Ratio for the six months ended in Dec. 2023 was 1.11.

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.

As of today (2024-05-20), the Forward Dividend Yield % of Merafe Resources is 35.20%.

Merafe Resources's Dividends per Share for the six 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 Yield % Historical Data

The historical data trend for Merafe Resources's Dividend Yield % 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 Yield % Chart

Merafe Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Dividend Yield %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.98 9.52 5.83 25.76 25.38

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 Yield % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.83 18.59 25.76 22.32 25.38

Competitive Comparison of Merafe Resources's Dividend Yield %

For the Other Industrial Metals & Mining subindustry, Merafe Resources's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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 Yield % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Merafe Resources's Dividend Yield % falls into.



Merafe Resources Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

Merafe Resources Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
ZAR 0.2200002024-04-102024-04-122024-04-15Cash Dividendsemi-annuallyZAR:ZAR 1.000000
ZAR 0.2000002023-09-062023-09-082023-09-11Cash Dividendsemi-annuallyZAR:ZAR 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Merafe Resources's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=0.42/1.25
=33.60 %

Current Share Price is R1.25.
Merafe Resources's Dividends per Share for the trailing twelve months (TTM) ended in Today is R0.42.

Merafe Resources's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=0.44/1.25
=35.20 %

Current Share Price is R1.25.
Merafe Resources's Dividends per Share for the forward twelve months is calculated as R0.22 * 2 = R0.44.

* 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.


Merafe Resources  (JSE:MRF) Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

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.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


Merafe Resources Dividend Yield % Related Terms

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


Merafe Resources (JSE:MRF) Business Description

Traded in Other Exchanges
Address
35 Ballyclare Drive, Building B, 2nd floor, Ballyoaks Office Park, Bryanston, ZAF, 2191
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.

Merafe Resources (JSE:MRF) Headlines