MERFF (Merafe Resources) Dividend Payout Ratio: 0.00 (As of Dec. 2025)

What is Merafe Resources Dividend Payout Ratio?

Merafe Resources MERFF 64 Dividend Payout Ratio is 0.00 as of Dec. 2025. GuruFocus rates MERFF with a GF Score™ of 64/100 and a GF Value™ of $0.17. The stock has 9 warning signs investors should review. Among 301 Metals & Mining companies, Merafe Resources ranks worse than 92.03% 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. Merafe Resources's Dividend Payout Ratio for the months ended in Dec. 2025 was 0.00.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Merafe Resources Ltd is 0.98, which seems too high.

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

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

MERFF's Dividend Payout Ratio is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.27
* Ranked among companies with meaningful Dividend Payout Ratio only.

As of today (2026-06-29), the Dividend Yield % of Merafe Resources is 0.00%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Merafe Resources was 41.18%. The lowest was 1.01%. And the median was 10.48%.

Merafe Resources's Dividends per Share for the months ended in Dec. 2025 was $0.00.

During the past 12 months, Merafe Resources's average Dividends Per Share Growth Rate was -71.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -29.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 36.30% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 28.80% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Merafe Resources was 111.40% per year. The lowest was -29.30% per year. And the median was 61.25% 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.

Merafe Resources (OTCPK:MERFF) 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.

Merafe Resources Dividend Payout Ratio Related Terms

Merafe Resources Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Merafe Resources'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.

Merafe Resources Dividend Payout Ratio Chart

Merafe Resources Annual Data

Trend

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Dec25

Dividend Payout Ratio

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0.00

0.29

Merafe Resources 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															0.00	0.00	0.00	0.00	0.00

Merafe Resources Dividend Payout Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Merafe Resources'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.

Merafe Resources Dividend Payout Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Merafe Resources's Dividend Payout Ratio distribution charts can be found below:

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

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64GF Score

Merafe Resources Ltd MERFF

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

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Merafe Resources Dividend Payout Ratio Calculation

Merafe Resources'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 )
	=	0.002	/	0.007
	=	0.29

Merafe Resources'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 )
	=	0.002	/	-0
	=	N/A

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.00 mean?

Merafe Resources (MERFF) has a Dividend Payout Ratio of 0.00 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Merafe Resources and its competitors. Over the past decade, Merafe Resources' Dividend Payout Ratio has ranged from 0.09 to 0.98. According to the industry distribution chart, Merafe Resources ranks #277 out of 301 companies in the Metals & Mining industry, placing it in the top 92%.

Is Merafe Resources' Dividend Payout Ratio too high?

Merafe Resources' current Dividend Payout Ratio is 0.00. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 0.98. Based on the distribution chart, Merafe Resources ranks #277 out of 301 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Merafe Resources has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.

How does Merafe Resources' Dividend Payout Ratio compare to competitors?

According to the Metals & Mining industry distribution chart, Merafe Resources ranks #277 out of 301 companies for Dividend Payout Ratio. This places Merafe Resources in the lower half of its industry. The industry median Dividend Payout Ratio is 0.27. Historically, Merafe Resources' own Dividend Payout Ratio has ranged from 0.09 to 0.98 over the past decade. 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 Metals & Mining company?

The median Dividend Payout Ratio among Metals & Mining companies is 0.27, based on 301 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. 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 Merafe Resources and its competitors. For the Metals & Mining industry, the median Dividend Payout Ratio is 0.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merafe Resources's current Dividend Payout Ratio is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Merafe Resources stock overvalued right now?

Merafe Resources (MERFF) has a current Dividend Payout Ratio of 0.00. The stock's GF Value™ is $0.17, compared to a current price of $0.22 — trading 28.1% above its estimated fair value. The current Dividend Payout Ratio is 0.00. Merafe Resources' overall GF Score™ is 64/100 with 9 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 Merafe Resources (MERFF), the current Dividend Payout Ratio is 0.00 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 Merafe Resources (MERFF) Overvalued in 2026?

Based on GuruFocus' analysis, Merafe Resources stock appears to be overvalued. The current stock price of $0.22 is trading 28.1% above its estimated GF Value™ of $0.17.

Key valuation signals for MERFF:

Dividend Payout Ratio: 0.00
GF Value™: $0.17 vs. price of $0.22 (28.1% above fair value)
GF Score™: 64/100 with 9 warning signs

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

Merafe Resources Business Description

Industry Basic Materials Metals & Mining

Comparable Companies JSE:WEZ JSE:MTU ASX:BHP ASX:RIO LSE:RIO MEX:GMEXICOB LSE:GLEN BSP:VALE3 SAU:1211 LSE:AAL HKSE:03993 ASX:FMG SZSE:000657 TSX:TECK.B SHSE:600111 BOM:500188 SHSE:600549 MEX:PE&OLES OSTO:BOL CAS:MNG

Other Exchanges MRF:South Africa RZT:Germany

Address 35 Ballyclare Drive, Building B, 2nd Floor, Ballyoaks Office Park, Bryanston, Johannesburg, GT, ZAF, 2191

Website https://www.meraferesources.co.za

Merafe Resources Ltd through its wholly-owned subsidiary, Merafe Ferrochrome and Mining Proprietary Limited, participates in chrome mining and the beneficiation of chrome ore into ferrochrome. The Glencore-Merafe Chrome Venture (Venture) operates five ferrochrome smelters, twenty-two ferrochrome furnaces, and nine mines, situated in the North-West, Limpopo, and Mpumalanga provinces of South Africa. The company has operating mines namel Marikana West; and Kroondal Gemini. The Group has one reportable segment being the mining and beneficiation of chrome ore into ferrochrome and associated minerals. Geographically, it has its presence in Africa, Americas, Asia, China, Indonesia, Other Asia, and Europe.

64GF Score

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

$0.22

Price

$0.17

GF Value

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