Merafe ResourcesJSE:MRF -0.78%64 Forward Dividend Yield % is 12.40% as of Jun. 30, 2026. GuruFocus rates JSE:MRF with a GF Score™ of 64/100 and a GF Value™ of R0.99 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 333 Metals & Mining companies, Merafe Resources ranks better than 97.9% on this metric.
As of today (2026-06-30), the Forward Annual Dividend Yield of Merafe Resources is 12.40%.
As of today (2026-06-30), the Trailing Annual Dividend Yield of Merafe Resources is 9.30%.
JSE:MRF's Forward Dividend Yield % is ranked better than 97.9% of 333
companies
in the Metals & Mining industry
Industry Median: 2.02
vs JSE:MRF: 12.40
During the past 12 months, Merafe Resources's average Dividends Per Share Growth Rate was -71.40% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was -29.30% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 36.30% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 28.80% 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 -29.30% 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.
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.
For the Other Industrial Metals & Mining subindustry, Merafe Resources'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.
Merafe Resources Forward Dividend Yield % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Merafe Resources's Forward Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Merafe Resources's Forward Dividend Yield % falls into.
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 0.080000
2026-03-31
2026-04-02
2026-04-07
Cash Dividend
semi-annually
ZAR:ZAR 1.000000
ZAR 0.040000
2025-09-03
2025-09-05
2025-09-08
Cash Dividend
semi-annually
ZAR: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 Forward Annual Dividend Yield (%) for Today is calculated as
* 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.
What does a Forward Dividend Yield % of 12.40% mean?
Merafe Resources (JSE:MRF) has a Forward Dividend Yield % of 12.40% as of Jun. 30, 2026. Forward dividend yield is the ratio of company's expected dividends to the share price. View historical data on Merafe Resources and its competitors. According to the industry distribution chart, Merafe Resources ranks #7 out of 333 companies in the Metals & Mining industry, placing it in the top 2.1%.
Is Merafe Resources' Forward Dividend Yield % too high?
Merafe Resources' current Forward Dividend Yield % is 12.40%. The Metals & Mining industry median Forward Dividend Yield % is 2.02. Merafe Resources' value of 12.40% is 513.9% above this industry median. Based on the distribution chart, Merafe Resources ranks #7 out of 333 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Merafe Resources has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Merafe Resources' Forward Dividend Yield % compare to competitors?
According to the Metals & Mining industry distribution chart, Merafe Resources ranks #7 out of 333 companies for Forward Dividend Yield %. This places Merafe Resources in the top 2% of its industry — outperforming the majority of peers. The industry median Forward Dividend Yield % is 2.02. Merafe Resources' value of 12.40% is 513.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward Dividend Yield % for a Metals & Mining company?
The median Forward Dividend Yield % among Metals & Mining companies is 2.02, based on 333 companies in the industry. Companies in the top quartile (top 25%) have a Forward Dividend Yield % significantly above this median, while those in the bottom quartile fall well below. However, Forward Dividend Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Merafe Resources's current Forward Dividend Yield % of 12.40% is 513.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward Dividend Yield % mean?
A high Forward Dividend Yield % can signal that a stock is expensive relative to its fundamentals. Forward dividend yield is the ratio of company's expected dividends to the share price. View historical data on Merafe Resources and its competitors. For the Metals & Mining industry, the median Forward Dividend Yield % is 2.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merafe Resources's current Forward Dividend Yield % is 12.40%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merafe Resources stock overvalued right now?
Based on GuruFocus' analysis, Merafe Resources (JSE:MRF) is currently considered Modestly Overvalued. The stock's GF Value™ is R0.99, compared to a current price of R1.28 — trading 29.3% above its estimated fair value. The current Forward Dividend Yield % is 12.40% and 513.9% above the Metals & Mining industry median of 2.02. Merafe Resources' overall GF Score™ is 64/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward Dividend Yield % calculated?
Forward Dividend Yield % is calculated from a company's financial statements. For Merafe Resources (JSE:MRF), the current Forward Dividend Yield % is 12.40% as of Jun. 30, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Merafe Resources (JSE:MRF) Overvalued in 2026?
Based on GuruFocus' analysis, Merafe Resources stock appears to be overvalued.
The current stock price of R1.28 is trading 29.3% above its estimated GF Value™ of R0.99.
GuruFocus considers Merafe Resources to be Modestly Overvalued.
Key valuation signals for JSE:MRF:
Forward Dividend Yield %: 12.40%
GF Value™: R0.99 vs. price of R1.28 (29.3% above fair value)
Industry Position: 513.9% above the Metals & Mining median (#7 of 333)
No single metric tells the full story. See the JSE:MRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 namel Marikana West; and Kroondal Gemini. The Group has one reportable segment being the mining and beneficiation of chrome ore into ferrochrome and associated minerals. Geographically, it has its presence in Africa, Americas, Asia, China, Indonesia, Other Asia, and Europe.
64GF Score
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