Southern Cross Media Group (ASX:SXL) Forward Dividend Yield % : 2.11% (As of Apr. 28, 2024)

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What is Southern Cross Media Group Forward Dividend Yield %?

As of today (2024-04-28), the Forward Annual Dividend Yield of Southern Cross Media Group is 2.11%.

As of today (2024-04-28), the Trailing Annual Dividend Yield of Southern Cross Media Group is 3.37%.

ASX:SXL's Forward Dividend Yield % is ranked worse than
65.89% of 387 companies
in the Media - Diversified industry
Industry Median: 3.42 vs ASX:SXL: 2.11

Southern Cross Media Group's Dividends per Share for the six months ended in Dec. 2023 was A$0.02.

During the past 12 months, Southern Cross Media Group's average Dividends Per Share Growth Rate was -26.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -30.80% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Southern Cross Media Group was 43.20% per year. The lowest was -57.50% per year. And the median was -11.35% per year.

The growth rate is calculated with least square regression.

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

Competitive Comparison of Southern Cross Media Group's Forward Dividend Yield %

For the Entertainment subindustry, Southern Cross Media Group's Forward Dividend Yield %, along with its competitors' market caps and Forward 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.

Southern Cross Media Group's Forward Dividend Yield % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Southern Cross Media Group's Forward Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Southern Cross Media Group's Forward Dividend Yield % falls into.

Southern Cross Media Group Forward Dividend Yield % Calculation

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

Southern Cross Media Group Recent Full-Year* Dividend History

Amount	Ex-date	Record Date	Pay Date	Type	Frequency	Forex Rate
AUD 0.010	2024-03-14	2024-03-15	2024-04-12	Cash Dividend	semi-annually	AUD:AUD 1.000000
AUD 0.022	2023-09-01	2023-09-04	2023-10-04	Cash Dividend	semi-annually	AUD:AUD 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.

Southern Cross Media Group's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield	=	Forward Full Year Dividend	/	Current Share Price
	=	0.02	/	0.95
	=	2.11 %

Current Share Price is A$0.95.
Southern Cross Media Group's Dividends per Share for the forward twelve months is calculated as A$0.01 * 2 = A$0.02.

Southern Cross Media Group's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield	=	Most Recent Full Year Dividend	/	Current Share Price
	=	0.032	/	0.95
	=	3.37 %

Current Share Price is A$0.95.
Southern Cross Media Group's Dividends per Share for the trailing twelve months (TTM) ended in Today is A$0.032.

* 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.

Southern Cross Media Group (ASX:SXL) Forward 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.

Southern Cross Media Group Forward Dividend Yield % Related Terms

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Southern Cross Media Group (ASX:SXL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Southern Cross Media Group Ltd (ASX:SXL) » Definitions » Forward Dividend Yield %

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 Moray Street, Level 2, South Melbourne, Melbourne, VIC, AUS, 3205

Website

https://www.southerncrossaustereo.com.au

Southern Cross Media broadcasts television and radio content across Australia and generates revenue and earnings mainly from sales of airtime to advertisers. In metropolitan areas, it runs two radio networks (Hit and Triple M). In regional areas, the company runs a portfolio of radio stations and television stations. It is also investing in digital audio, which has fast-growing audiences.

Southern Cross Media Group (ASX:SXL) Headlines

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