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Mineral Resources (ASX:MIN) 3-Year Dividend Growth Rate : 59.70% (As of Dec. 2023)


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What is Mineral Resources 3-Year Dividend Growth Rate?

Mineral Resources's Dividends per Share for the six months ended in Dec. 2023 was A$0.70.

The historical rank and industry rank for Mineral Resources's 3-Year Dividend Growth Rate or its related term are showing as below:

ASX:MIN' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -20.1   Med: 30.25   Max: 80.4
Current: 59.7

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Mineral Resources was 80.40% per year. The lowest was -20.10% per year. And the median was 30.25% per year.

ASX:MIN's 3-Year Dividend Growth Rate is ranked better than
79.12% of 182 companies
in the Metals & Mining industry
Industry Median: 22.45 vs ASX:MIN: 59.70

During the past 12 months, Mineral Resources's average Dividends Per Share Growth Rate was 90.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 59.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 38.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 18.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Mineral Resources's Dividend Payout Ratio for the six months ended in Dec. 2023 was 0.25. As of today, Mineral Resources's Dividend Yield % is 1.28%.

Warning Sign:

Mineral Resources Ltd stock dividend yield is close to 2-year low.

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


Competitive Comparison of Mineral Resources's 3-Year Dividend Growth Rate

For the Other Industrial Metals & Mining subindustry, Mineral Resources's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate 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.


Mineral Resources's 3-Year Dividend Growth Rate Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Mineral Resources's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Mineral Resources's 3-Year Dividend Growth Rate falls into.



Mineral Resources 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Mineral Resources  (ASX:MIN) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Mineral 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 )
=0.7/ 2.797
=0.25

During the past 13 years, the highest Dividend Payout Ratio of Mineral Resources was 0.98. The lowest was 0.09. And the median was 0.58.

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

Mineral Resources Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
AUD 0.2002024-03-012024-03-042024-03-26Cash Dividendsemi-annuallyAUD:AUD 1.000000
AUD 0.7002023-09-082023-09-112023-09-27Cash Dividendsemi-annuallyAUD: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.

Mineral Resources's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=0.9/72.19
=1.25 %

Current Share Price is A$72.19.
Mineral Resources's Dividends per Share for the trailing twelve months (TTM) ended in Today is A$0.9.

During the past 13 years, the highest Dividend Yield of Mineral Resources was 10.97%. The lowest was 1.06%. And the median was 3.43%.

Warning Sign:

Mineral Resources Ltd stock dividend yield is close to 2-year low.

* 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.


Mineral Resources 3-Year Dividend Growth Rate Related Terms>


Mineral Resources (ASX:MIN) Business Description

Traded in Other Exchanges
Address
20 Walters Drive, Osborne Park, Applecross, Western Australia, WA, AUS, 6017
Mineral Resources listed on the ASX in 2006 following the merger of three mining services businesses. The subsidiary companies were previously owned by managing director Chris Ellison, who remains a large shareholder despite selling down. Operations include iron ore and lithium mining, iron ore crushing and screening services for third parties, and engineering and construction for mining companies. Mining and contracting activity is focused in Western Australia.