Sygnia (JSE:SYG) Dividend Payout Ratio: 0.98 (As of Mar. 2026) — 20% Above Median


JSE:SYG Sygnia Ltd JSE:SYG
71 GF Score
Price R32.17
GF Value R28.41
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Sygnia Dividend Payout Ratio?

Sygnia JSE:SYG -0.28% 71 Dividend Payout Ratio is 0.98 as of Mar. 2026, which is 20% above its 10-year median of 0.82. GuruFocus rates JSE:SYG with a GF Score™ of 71/100 and a GF Value™ of R28.41 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 41 Diversified Financial Services companies, Sygnia ranks worse than 82.93% 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. Sygnia's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.98.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Sygnia Ltd is 0.85, which seems too high.

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

JSE:SYG' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.46   Med: 0.82   Max: 1.12
Current: 0.85

During the past 12 years, the highest Dividend Payout Ratio of Sygnia was 1.12. The lowest was 0.46. And the median was 0.82.

JSE:SYG's Dividend Payout Ratio is ranked worse than
82.93% of 41 companies
in the Diversified Financial Services industry
Industry Median: 0.43 vs JSE:SYG: 0.85

As of today (2026-07-07), the Dividend Yield % of Sygnia is 7.90%.

During the past 12 years, the highest Trailing Annual Dividend Yield of Sygnia was 13.00%. The lowest was 1.34%. And the median was 6.82%.

Sygnia's Dividends per Share for the months ended in Mar. 2026 was R1.33.

During the past 12 months, Sygnia's average Dividends Per Share Growth Rate was 6.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 2.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 22.60% per year.

During the past 12 years, the highest 3-Year average Dividends Per Share Growth Rate of Sygnia was 51.30% per year. The lowest was 2.70% per year. And the median was 27.70% 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.

Sygnia (JSE:SYG) 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.

Sygnia Dividend Payout Ratio Related Terms

Sygnia Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Sygnia'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.

Sygnia Dividend Payout Ratio Chart

Sygnia Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.75 1.12 1.12 0.95 0.91

Sygnia Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.24 0.71 1.14 0.73 0.98

JSE:SYG vs VOYA, FRHC: Dividend Payout Ratio Comparison

For the Financial Conglomerates subindustry, Sygnia'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.

Sygnia Dividend Payout Ratio vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Sygnia's Dividend Payout Ratio distribution charts can be found below:

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


JSE:SYG
71GF Score
Sygnia Ltd JSE:SYG
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sygnia 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.

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

Dividend Payout Ratio=Dividends per Share (A: Sep. 2025 )/ Earnings per Share (Diluted) (A: Sep. 2025 )
=2.25/ 2.462
=0.91

Sygnia's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=1.33/ 1.362
=0.98

* 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 0.98 mean?
Sygnia (JSE:SYG) has a Dividend Payout Ratio of 0.98 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Sygnia and its competitors. This is 20% above median its historical median of 0.82. Over the past decade, Sygnia's Dividend Payout Ratio has ranged from 0.46 to 1.12. According to the industry distribution chart, Sygnia ranks #34 out of 41 companies in the Diversified Financial Services industry, placing it in the top 82.9%.
Is Sygnia's Dividend Payout Ratio too high?
Sygnia's current Dividend Payout Ratio of 0.98 is 20% above median its 10-year median of 0.82. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 1.12. The Diversified Financial Services industry median Dividend Payout Ratio is 0.43. Sygnia's value of 0.98 is 127.9% above this industry median. Based on the distribution chart, Sygnia ranks #34 out of 41 companies in the Diversified Financial Services industry, which is in the bottom quartile relative to peers. Overall, Sygnia has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sygnia's Dividend Payout Ratio compare to VOYA and FRHC?
According to the Diversified Financial Services industry distribution chart, Sygnia ranks #34 out of 41 companies for Dividend Payout Ratio. This places Sygnia in the lower half of its industry. The industry median Dividend Payout Ratio is 0.43. Sygnia's value of 0.98 is 127.9% above this benchmark. Historically, Sygnia's own Dividend Payout Ratio has ranged from 0.46 to 1.12 over the past decade. While the company's 10-year median is 0.82 vs. the industry median of 0.43, Sygnia 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 Diversified Financial Services company?
The median Dividend Payout Ratio among Diversified Financial Services companies is 0.43, based on 41 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. Sygnia's current Dividend Payout Ratio of 0.98 is 127.9% 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 Sygnia and its competitors. For the Diversified Financial Services industry, the median Dividend Payout Ratio is 0.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sygnia's current Dividend Payout Ratio is 0.98, which is 20% above median its own 10-year median of 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sygnia stock overvalued right now?
Based on GuruFocus' analysis, Sygnia (JSE:SYG) is currently considered Modestly Overvalued. The stock's GF Value™ is R28.41, compared to a current price of R32.17 — trading 13.2% above its estimated fair value. The current Dividend Payout Ratio is 0.98, which is 20% above median its 10-year median of 0.82 and 127.9% above the Diversified Financial Services industry median of 0.43. Sygnia's overall GF Score™ is 71/100 with 4 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 Sygnia (JSE:SYG), the current Dividend Payout Ratio is 0.98 as of Mar. 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 Sygnia (JSE:SYG) Overvalued in 2026?

Based on GuruFocus' analysis, Sygnia stock appears to be overvalued. The current stock price of R32.17 is trading 13.2% above its estimated GF Value™ of R28.41. GuruFocus considers Sygnia to be Modestly Overvalued.

Key valuation signals for JSE:SYG:

  • Dividend Payout Ratio: 0.98 (20% above median its 10-year median of 0.82)
  • GF Value™: R28.41 vs. price of R32.17 (13.2% above fair value)
  • GF Score™: 71/100 with 4 warning signs
  • Industry Position: 127.9% above the Diversified Financial Services median (#34 of 41)

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

Sygnia Business Description

Address Cardiff Street, Green Point, 7th Floor, The Foundry, Cape Town, WC, ZAF, 8001
Sygnia Ltd is a specialist financial services company. The company provides investment management and administration solutions to institutional and retail clients located predominantly in South Africa. Its main investment services include domestic and international multi-manager and index-tracking products, customized investment design and management, transition management, and investment administration services. The company operates in Cape Town, Johannesburg, Durban, London, with Maximum of its revenue from South Africa.
71GF Score

Get the complete analysis for JSE:SYG

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

R32.17
Price
R28.41
GF Value