Smartgroup (ASX:SIQ) Dividend Payout Ratio: 0.62 (As of Dec. 2025) — 21% Below Median

What is Smartgroup Dividend Payout Ratio?

Smartgroup ASX:SIQ -1.49% 89 Dividend Payout Ratio is 0.62 as of Dec. 2025, which is 21% below its 10-year median of 0.78. GuruFocus rates ASX:SIQ with a GF Score™ of 89/100 and a GF Value™ of A$9.80 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 517 Business Services companies, Smartgroup ranks worse than 72.73% 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. Smartgroup's Dividend Payout Ratio for the months ended in Dec. 2025 was 0.62.

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

ASX:SIQ' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.58 Med: 0.78 Max: 1.11
Current: 0.65

During the past 12 years, the highest Dividend Payout Ratio of Smartgroup was 1.11. The lowest was 0.58. And the median was 0.78.

ASX:SIQ's Dividend Payout Ratio is ranked worse than
72.73% of 517 companies
in the Business Services industry
Industry Median: 0.44 vs ASX:SIQ: 0.65

As of today (2026-07-01), the Dividend Yield % of Smartgroup is 3.21%.

During the past 12 years, the highest Trailing Annual Dividend Yield of Smartgroup was 8.93%. The lowest was 1.69%. And the median was 4.21%.

Smartgroup's Dividends per Share for the months ended in Dec. 2025 was A$0.20.

During the past 12 months, Smartgroup's average Dividends Per Share Growth Rate was 17.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 3.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -0.50% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 6.70% per year.

During the past 12 years, the highest 3-Year average Dividends Per Share Growth Rate of Smartgroup was 40.70% per year. The lowest was -7.50% per year. And the median was 0.85% 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.

Smartgroup (ASX:SIQ) 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.

Smartgroup Dividend Payout Ratio Related Terms

Smartgroup Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Smartgroup'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.

Smartgroup Dividend Payout Ratio Chart

Smartgroup Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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0.77

0.80

0.64

0.58

0.65

Smartgroup Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
Dividend Payout Ratio	Get a 7-Day Free Trial															0.61	0.61	0.55	0.68	0.62

ASX:SIQ vs CTAS, CPRT, ULS: Dividend Payout Ratio Comparison

For the Specialty Business Services subindustry, Smartgroup'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.

Smartgroup Dividend Payout Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Smartgroup's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Smartgroup's Dividend Payout Ratio falls into.

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89GF Score

Smartgroup Corporation Ltd ASX:SIQ

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Smartgroup Dividend Payout Ratio Calculation

Smartgroup's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	0.395	/	0.61
	=	0.65

Smartgroup'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 )
	=	0.195	/	0.317
	=	0.62

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.62 mean?

Smartgroup (ASX:SIQ) has a Dividend Payout Ratio of 0.62 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Smartgroup and its competitors. This is 21% below median its historical median of 0.78. Over the past decade, Smartgroup's Dividend Payout Ratio has ranged from 0.58 to 1.11. According to the industry distribution chart, Smartgroup ranks #376 out of 517 companies in the Business Services industry, placing it in the top 72.7%.

Is Smartgroup's Dividend Payout Ratio too high?

Smartgroup's current Dividend Payout Ratio of 0.62 is 21% below median its 10-year median of 0.78. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 1.11. The Business Services industry median Dividend Payout Ratio is 0.44. Smartgroup's value of 0.62 is 40.9% above this industry median. Based on the distribution chart, Smartgroup ranks #376 out of 517 companies in the Business Services industry, which is below the industry midpoint. Overall, Smartgroup has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Smartgroup's Dividend Payout Ratio compare to CTAS and CPRT?

According to the Business Services industry distribution chart, Smartgroup ranks #376 out of 517 companies for Dividend Payout Ratio. This places Smartgroup in the lower half of its industry. The industry median Dividend Payout Ratio is 0.44. Smartgroup's value of 0.62 is 40.9% above this benchmark. Historically, Smartgroup's own Dividend Payout Ratio has ranged from 0.58 to 1.11 over the past decade. While the company's 10-year median is 0.78 vs. the industry median of 0.44, Smartgroup 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 a Business Services company?

The median Dividend Payout Ratio among Business Services companies is 0.44, based on 517 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. Smartgroup's current Dividend Payout Ratio of 0.62 is 40.9% 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 Smartgroup and its competitors. For the Business Services industry, the median Dividend Payout Ratio is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smartgroup's current Dividend Payout Ratio is 0.62, which is 21% below median its own 10-year median of 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Smartgroup stock overvalued right now?

Based on GuruFocus' analysis, Smartgroup (ASX:SIQ) is currently considered Modestly Overvalued. The stock's GF Value™ is A$9.80, compared to a current price of A$12.60 — trading 28.6% above its estimated fair value. The current Dividend Payout Ratio is 0.62, which is 21% below median its 10-year median of 0.78 and 40.9% above the Business Services industry median of 0.44. Smartgroup's overall GF Score™ is 89/100 with 6 warning signs 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 Smartgroup (ASX:SIQ), the current Dividend Payout Ratio is 0.62 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 Smartgroup (ASX:SIQ) Overvalued in 2026?

Based on GuruFocus' analysis, Smartgroup stock appears to be overvalued. The current stock price of A$12.60 is trading 28.6% above its estimated GF Value™ of A$9.80. GuruFocus considers Smartgroup to be Modestly Overvalued.

Key valuation signals for ASX:SIQ:

Dividend Payout Ratio: 0.62 (21% below median its 10-year median of 0.78)
GF Value™: A$9.80 vs. price of A$12.60 (28.6% above fair value)
GF Score™: 89/100 with 6 warning signs
Industry Position: 40.9% above the Business Services median (#376 of 517)

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

Smartgroup Business Description

Industry Industrials Business Services

Comparable Companies ASX:MAD ASX:IPH ASX:CUP ASX:KPG ASX:BOL ASX:EAX ASX:SSH ASX:STG ASX:RBR CTAS LSE:REL TSX:TRI CPRT TSX:RBA ULS GPN ASX:BXB ARMK XAMS:WKL LSE:RTO

Address 201 Sussex Street, Level 15, Darling Park Tower 2, Sydney, NSW, AUS, 2000

Website https://www.smartgroup.com.au

Smartgroup Corporation is an Australia-based company that provides specialist employee management services. Its services include salary packaging, novated leasing, vehicle fleet management, payroll administration, employee share plan administration and workforce optimization. The operating segments of the company are: outsourced administration, or OA, and vehicle services, or VS. Most of the group's revenue is generated from the OA segment which provides outsourced salary packaging services, novated leasing, share plan administration and outsourced payroll services. The VS segment provides end-to-end vehicle fleet management services.

89GF Score

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A$12.60

Price

A$9.80

GF Value

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