Hearts And Minds Investments (ASX:HM1) Dividend Payout Ratio: 4.50 (As of Dec. 2025) — 614% Above Median


ASX:HM1 Hearts And Minds Investments Ltd ASX:HM1
37 GF Score
Price A$2.86
GF Value A$1.51
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Hearts And Minds Investments Dividend Payout Ratio?

Hearts And Minds Investments ASX:HM1 37 Dividend Payout Ratio is 4.50 as of Dec. 2025, which is 614% above its 10-year median of 0.63. GuruFocus rates ASX:HM1 with a GF Score™ of 37/100 and a GF Value™ of A$1.51 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 931 Asset Management companies, Hearts And Minds Investments ranks worse than 85.07% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Hearts And Minds Investments's Dividend Payout Ratio for the months ended in Dec. 2025 was 4.50.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Hearts And Minds Investments Ltd is 2.00, which seems too high.

The historical rank and industry rank for Hearts And Minds Investments's Dividend Payout Ratio or its related term are showing as below:

ASX:HM1' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.33   Med: 0.63   Max: 2
Current: 2

During the past 7 years, the highest Dividend Payout Ratio of Hearts And Minds Investments was 2.00. The lowest was 0.33. And the median was 0.63.

ASX:HM1's Dividend Payout Ratio is ranked worse than
85.07% of 931 companies
in the Asset Management industry
Industry Median: 0.7 vs ASX:HM1: 2.00

As of today (2026-06-28), the Dividend Yield % of Hearts And Minds Investments is 6.47%.

During the past 7 years, the highest Trailing Annual Dividend Yield of Hearts And Minds Investments was 6.49%. The lowest was 2.61%. And the median was 5.23%.

Hearts And Minds Investments's Dividends per Share for the months ended in Dec. 2025 was A$0.09.

During the past 12 months, Hearts And Minds Investments's average Dividends Per Share Growth Rate was 17.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 4.70% per year.

During the past 7 years, the highest 3-Year average Dividends Per Share Growth Rate of Hearts And Minds Investments was 5.30% per year. The lowest was 4.70% per year. And the median was 5.00% per year.

The growth rate is calculated with least square regression.

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

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Hearts And Minds Investments (ASX:HM1) Dividend Payout Ratio Explanation

In dividends investing, Dividend 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.

Hearts And Minds Investments Dividend Payout Ratio Related Terms

Hearts And Minds Investments Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Hearts And Minds Investments'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.

Hearts And Minds Investments Dividend Payout Ratio Chart

Hearts And Minds Investments Annual Data
Trend Oct18 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Dividend Payout Ratio
Get a 7-Day Free Trial 0.00 0.00 0.94 0.63 0.33

Hearts And Minds Investments Semi-Annual Data
Oct18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.09 0.44 0.19 1.23 4.50

ASX:HM1 vs BLK, BX, KKR: Dividend Payout Ratio Comparison

For the Asset Management subindustry, Hearts And Minds Investments'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.

Hearts And Minds Investments Dividend Payout Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Hearts And Minds Investments's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Hearts And Minds Investments's Dividend Payout Ratio falls into.


ASX:HM1
37GF Score
Hearts And Minds Investments Ltd ASX:HM1
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hearts And Minds Investments Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Hearts And Minds Investments's Dividend Payout Ratio for the fiscal year that ended in Jun. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Jun. 2025 )/ EPS without NRI (A: Jun. 2025 )
=0.155/ 0.467
=0.33

Hearts And Minds Investments's Dividend Payout Ratio for the quarter that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2025 )/ EPS without NRI (Q: Dec. 2025 )
=0.09/ 0.02
=4.50

* 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.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 4.50 mean?
Hearts And Minds Investments (ASX:HM1) has a Dividend Payout Ratio of 4.50 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Hearts And Minds Investments and its competitors. This is 614% above median its historical median of 0.63. Over the past decade, Hearts And Minds Investments' Dividend Payout Ratio has ranged from 0.33 to 2.00. According to the industry distribution chart, Hearts And Minds Investments ranks #792 out of 931 companies in the Asset Management industry, placing it in the top 85.1%.
Is Hearts And Minds Investments' Dividend Payout Ratio too high?
Hearts And Minds Investments' current Dividend Payout Ratio of 4.50 is 614% above median its 10-year median of 0.63. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 2.00. The Asset Management industry median Dividend Payout Ratio is 0.70. Hearts And Minds Investments' value of 4.50 is 542.9% above this industry median. Based on the distribution chart, Hearts And Minds Investments ranks #792 out of 931 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Hearts And Minds Investments has a GF Score™ of 37/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hearts And Minds Investments' Dividend Payout Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Hearts And Minds Investments ranks #792 out of 931 companies for Dividend Payout Ratio. This places Hearts And Minds Investments in the lower half of its industry. The industry median Dividend Payout Ratio is 0.70. Hearts And Minds Investments' value of 4.50 is 542.9% above this benchmark. Historically, Hearts And Minds Investments' own Dividend Payout Ratio has ranged from 0.33 to 2.00 over the past decade. While the company's 10-year median is 0.63 vs. the industry median of 0.70, Hearts And Minds Investments has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for an Asset Management company?
The median Dividend Payout Ratio among Asset Management companies is 0.70, based on 931 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hearts And Minds Investments's current Dividend Payout Ratio of 4.50 is 542.9% 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 Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Hearts And Minds Investments and its competitors. For the Asset Management industry, the median Dividend Payout Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hearts And Minds Investments's current Dividend Payout Ratio is 4.50, which is 614% above median its own 10-year median of 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hearts And Minds Investments stock overvalued right now?
Based on GuruFocus' analysis, Hearts And Minds Investments (ASX:HM1) is currently considered Significantly Overvalued. The stock's GF Value™ is A$1.51, compared to a current price of A$2.86 — trading 89.4% above its estimated fair value. The current Dividend Payout Ratio is 4.50, which is 614% above median its 10-year median of 0.63 and 542.9% above the Asset Management industry median of 0.70. Hearts And Minds Investments' overall GF Score™ is 37/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Hearts And Minds Investments (ASX:HM1), the current Dividend Payout Ratio is 4.50 as of Dec. 2025. 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 Hearts And Minds Investments (ASX:HM1) Overvalued in 2026?

Based on GuruFocus' analysis, Hearts And Minds Investments stock appears to be overvalued. The current stock price of A$2.86 is trading 89.4% above its estimated GF Value™ of A$1.51. GuruFocus considers Hearts And Minds Investments to be Significantly Overvalued.

Key valuation signals for ASX:HM1:

  • Dividend Payout Ratio: 4.50 (614% above median its 10-year median of 0.63)
  • GF Value™: A$1.51 vs. price of A$2.86 (89.4% above fair value)
  • GF Score™: 37/100 with 1 warning sign
  • Industry Position: 542.9% above the Asset Management median (#792 of 931)

No single metric tells the full story. See the ASX:HM1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hearts And Minds Investments Business Description

Address 2 Chifley Square, Suite 12.04, Level 12, Chifley Tower, Sydney, NSW, AUS, 2000
Hearts And Minds Investments Ltd is a listed investment company. The company strives to deliver attractive equity investment returns for shareholders while providing funding for Australian medical research. It derives revenue from dividend income, interest income, and the sale of its investments. Geographically, the company has investments in the United States, Australia, Hong Kong, Germany, Canada, and the United Kingdom.
37GF Score

Get the complete analysis for ASX:HM1

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$2.86
Price
A$1.51
GF Value