B2Gold (NAM:B2G) Dividend Payout Ratio: 0.12 (As of Mar. 2026) — 71% Below Median

B2Gold NAM:B2G 89 Dividend Payout Ratio is 0.12 as of Mar. 2026, which is 71% below its 10-year median of 0.42. GuruFocus rates NAM:B2G with a GF Score™ of 89/100 and a GF Value™ of R75.86. The stock has 6 warning signs investors should review. Among 301 Metals & Mining companies, B2Gold ranks better than 76.74% 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. B2Gold's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.12.

The historical rank and industry rank for B2Gold's Dividend Payout Ratio or its related term are showing as below:

During the past 13 years, the highest Dividend Payout Ratio of B2Gold was 1.70. The lowest was 0.05. And the median was 0.42.

NAM:B2G'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 (2026-06-30), the Dividend Yield % of B2Gold is 0.00%.

During the past 13 years, the highest Trailing Annual Dividend Yield of B2Gold was 6.44%. The lowest was 0.00%. And the median was 4.00%.

B2Gold's Dividends per Share for the months ended in Mar. 2026 was R0.34.

During the past 12 months, B2Gold's average Dividends Per Share Growth Rate was -43.60% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -20.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -2.60% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of B2Gold was 155.60% per year. The lowest was -20.30% per year. And the median was 9.35% 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.

B2Gold (NAM:B2G) 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.

B2Gold Dividend Payout Ratio Related Terms

B2Gold Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for B2Gold'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.

B2Gold Dividend Payout Ratio Chart

B2Gold Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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0.32

0.66

0.83

1.70

0.14

B2Gold Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															0.25	0.17	0.21	0.10	0.12

NAM:B2G vs NEM, AU: Dividend Payout Ratio Comparison

For the Gold subindustry, B2Gold'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.

B2Gold Dividend Payout Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, B2Gold's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where B2Gold's Dividend Payout Ratio falls into.

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89GF Score

B2Gold Corp NAM:B2G

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

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B2Gold Dividend Payout Ratio Calculation

B2Gold'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 )
	=	1.347	/	9.382
	=	0.14

B2Gold'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 )
	=	0.335	/	2.739
	=	0.12

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.12 mean?

B2Gold (NAM:B2G) has a Dividend Payout Ratio of 0.12 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on B2Gold and its competitors. This is 71% below median its historical median of 0.42. Over the past decade, B2Gold's Dividend Payout Ratio has ranged from 0.05 to 1.70. According to the industry distribution chart, B2Gold ranks #70 out of 301 companies in the Metals & Mining industry, placing it in the top 23.3%.

Is B2Gold's Dividend Payout Ratio too high?

B2Gold's current Dividend Payout Ratio of 0.12 is 71% below median its 10-year median of 0.42. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 1.70. The Metals & Mining industry median Dividend Payout Ratio is 0.27. B2Gold's value of 0.12 is 55.6% below this industry median. Based on the distribution chart, B2Gold ranks #70 out of 301 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, B2Gold has a GF Score™ of 89/100, reflecting its overall financial health beyond just this single metric.

How does B2Gold's Dividend Payout Ratio compare to NEM and AU?

According to the Metals & Mining industry distribution chart, B2Gold ranks #70 out of 301 companies for Dividend Payout Ratio. This places B2Gold in the top 23% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.27. B2Gold's value of 0.12 is 55.6% below this benchmark. Historically, B2Gold's own Dividend Payout Ratio has ranged from 0.05 to 1.70 over the past decade. While the company's 10-year median is 0.42 vs. the industry median of 0.27, B2Gold 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 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. B2Gold's current Dividend Payout Ratio of 0.12 is 55.6% 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 B2Gold 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. B2Gold's current Dividend Payout Ratio is 0.12, which is 71% below median its own 10-year median of 0.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is B2Gold stock overvalued right now?

B2Gold (NAM:B2G) has a current Dividend Payout Ratio of 0.12. The stock's GF Value™ is R75.86, compared to a current price of R56.42 — trading 25.6% below its estimated fair value. The current Dividend Payout Ratio is 0.12, which is 71% below median its 10-year median of 0.42 and 55.6% below the Metals & Mining industry median of 0.27. B2Gold'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 B2Gold (NAM:B2G), the current Dividend Payout Ratio is 0.12 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 B2Gold (NAM:B2G) Overvalued in 2026?

Based on GuruFocus' analysis, B2Gold stock appears to be undervalued. The current stock price of R56.42 is trading 25.6% below its estimated GF Value™ of R75.86.

Key valuation signals for NAM:B2G:

Dividend Payout Ratio: 0.12 (71% below median its 10-year median of 0.42)
GF Value™: R75.86 vs. price of R56.42 (25.6% below fair value)
GF Score™: 89/100 with 6 warning signs
Industry Position: 55.6% below the Metals & Mining median (#70 of 301)

No single metric tells the full story. See the NAM:B2G stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

B2Gold Business Description

Industry Basic Materials Metals & Mining

Comparable Companies TSX:OGC TSX:MAU TSX:OR TSX:SSRM TSX:KNT TSX:GMIN TSX:TXG TSX:OLA TSX:DPM TSX:CG NEM SHSE:601899 TSX:AEM TSX:ABX TSX:WPM TSX:FNV AU HKSE:02259 JSE:GFI TSX:K

Other Exchanges BTG:USA BTGN:Mexico 0QYN:UK 5BG:Germany BTO:Canada

Address 666 Burrard Street, Park Place, Suite 3400, Vancouver, BC, CAN, V6C 2X8

Website https://www.b2gold.com

B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other assets include the Gramalote gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue. The company's reportable operating segments include its mining operations and development projects, namely Fekola; Masbate; Otjikoto; the Goose Project, and other mineral properties; and corporate and other.

89GF Score

Get the complete analysis for NAM:B2G

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

R56.42

Price

R75.86

GF Value

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