Dipula PropertiesJSE:DIB 46 Dividend Payout Ratio is 0.89 as of Feb. 2026, which is 9% below its 10-year median of 0.98. GuruFocus rates JSE:DIB with a GF Score™ of 46/100 and a GF Value™ of R3.33 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 714 REITs companies, Dipula Properties ranks better than 87.25% 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. Dipula Properties's Dividend Payout Ratio for the
months ended in Feb. 2026 was 0.89.
The historical rank and industry rank for Dipula Properties's Dividend Payout Ratio or its related term are showing as below:
JSE:DIB'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.49 Med: 0.98 Max: 1.18
Current: 0.49
During the past 13 years, the highest Dividend Payout Ratio of Dipula Properties was 1.18. The lowest was 0.49. And the median was 0.98.
JSE:DIB's Dividend Payout Ratio is ranked better than 87.25% of 714
companies
in the REITs industry
Industry Median: 0.99
vs JSE:DIB: 0.49
During the past 12 months, Dipula Properties's average Dividends Per Share Growth Rate was 5.10% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was -16.80% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 2.80% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Dipula Properties was 12.20% per year. The lowest was -24.30% per year. And the median was -0.25% 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.
Dipula Properties (JSE:DIB) 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.
Dipula Properties Dividend Payout Ratio Related Terms
Dipula Properties Dividend Payout Ratio Historical Data
* Premium members only.
The historical data trend for Dipula Properties'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.
JSE:DIB vs SPG, O, KIM: Dividend Payout Ratio Comparison
For the REIT - Retail subindustry, Dipula Properties'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.
Dipula Properties Dividend Payout Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Dipula Properties's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where Dipula Properties's Dividend Payout Ratio falls into.
Dipula Properties 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.
Dipula Properties's Dividend Payout Ratio for the fiscal year that ended in Aug. 2025 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.
Dipula Properties (JSE:DIB) has a Dividend Payout Ratio of 0.89 as of Feb. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Dipula Properties and its competitors. This is near median its historical median of 0.98. Over the past decade, Dipula Properties' Dividend Payout Ratio has ranged from 0.49 to 1.18. According to the industry distribution chart, Dipula Properties ranks #91 out of 714 companies in the REITs industry, placing it in the top 12.7%.
Is Dipula Properties' Dividend Payout Ratio too high?
Dipula Properties' current Dividend Payout Ratio of 0.89 is near median its 10-year median of 0.98. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 1.18. The REITs industry median Dividend Payout Ratio is 0.99. Dipula Properties' value of 0.89 is 10.1% below this industry median. Based on the distribution chart, Dipula Properties ranks #91 out of 714 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Dipula Properties has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dipula Properties' Dividend Payout Ratio compare to SPG and O?
According to the REITs industry distribution chart, Dipula Properties ranks #91 out of 714 companies for Dividend Payout Ratio. This places Dipula Properties in the top 13% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.99. Dipula Properties' value of 0.89 is 10.1% below this benchmark. Historically, Dipula Properties' own Dividend Payout Ratio has ranged from 0.49 to 1.18 over the past decade. While the company's 10-year median is 0.98 vs. the industry median of 0.99, Dipula Properties has consistently been below 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 REITs company?
The median Dividend Payout Ratio among REITs companies is 0.99, based on 714 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. Dipula Properties's current Dividend Payout Ratio of 0.89 is 10.1% below 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 Dipula Properties and its competitors. For the REITs industry, the median Dividend Payout Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dipula Properties's current Dividend Payout Ratio is 0.89, which is near median its own 10-year median of 0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dipula Properties stock overvalued right now?
Based on GuruFocus' analysis, Dipula Properties (JSE:DIB) is currently considered Significantly Overvalued. The stock's GF Value™ is R3.33, compared to a current price of R7.15 — trading 114.7% above its estimated fair value. The current Dividend Payout Ratio is 0.89, which is near median its 10-year median of 0.98 and 10.1% below the REITs industry median of 0.99. Dipula Properties' overall GF Score™ is 46/100 with 11 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 Dipula Properties (JSE:DIB), the current Dividend Payout Ratio is 0.89 as of Feb. 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 Dipula Properties (JSE:DIB) Overvalued in 2026?
Based on GuruFocus' analysis, Dipula Properties stock appears to be overvalued.
The current stock price of R7.15 is trading 114.7% above its estimated GF Value™ of R3.33.
GuruFocus considers Dipula Properties to be Significantly Overvalued.
Key valuation signals for JSE:DIB:
Dividend Payout Ratio: 0.89 (near median its 10-year median of 0.98)
GF Value™: R3.33 vs. price of R7.15 (114.7% above fair value)
Industry Position: 10.1% below the REITs median (#91 of 714)
No single metric tells the full story. See the JSE:DIB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dipula Properties Ltd is a South Africa-based real estate investment trust that owns a diversified property portfolio comprising defensive urban, township, and rural community retail centres. In addition to retail assets, the company also owns mid-sized industrial and logistics properties, office properties in urban areas, and affordable residential rental assets located in economically active regions across South Africa. The company's operating segments include Retail, Offices, Industrial, Land, Residential, and Corporate. The majority of its revenue is derived from the Retail segment, which represents income generated from its portfolio of shopping centres. The majority of its properties are located in Gauteng.
46GF Score
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