Firstrand (NAM:FST) Dividend Payout Ratio: 0.60 (As of Dec. 2025) — Near Median


NAM:FST Firstrand Ltd NAM:FST
85 GF Score
Price R96.23
GF Value R84.35
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Firstrand Dividend Payout Ratio?

Firstrand NAM:FST -2.80% 85 Dividend Payout Ratio is 0.60 as of Dec. 2025, which is 5% above its 10-year median of 0.57. GuruFocus rates NAM:FST with a GF Score™ of 85/100 and a GF Value™ of R84.35 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,169 Banks companies, Firstrand ranks worse than 84.94% 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. Firstrand's Dividend Payout Ratio for the months ended in Dec. 2025 was 0.60.

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

NAM:FST' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.23   Med: 0.57   Max: 0.97
Current: 0.59

During the past 13 years, the highest Dividend Payout Ratio of Firstrand was 0.97. The lowest was 0.23. And the median was 0.57.

NAM:FST's Dividend Payout Ratio is ranked worse than
84.94% of 1169 companies
in the Banks industry
Industry Median: 0.32 vs NAM:FST: 0.59

As of today (2026-06-24), the Dividend Yield % of Firstrand is 5.11%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Firstrand was 8.25%. The lowest was 1.43%. And the median was 4.77%.

Firstrand's Dividends per Share for the months ended in Dec. 2025 was R2.47.

During the past 12 months, Firstrand's average Dividends Per Share Growth Rate was 12.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 11.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 18.40% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 6.70% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Firstrand was 53.10% per year. The lowest was -25.50% per year. And the median was 11.90% 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.

Firstrand (NAM:FST) 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.

Firstrand Dividend Payout Ratio Related Terms

Firstrand Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Firstrand'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.

Firstrand Dividend Payout Ratio Chart

Firstrand Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.53 0.57 0.58 0.58

Firstrand 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 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 0.57 0.59 0.58 0.58 0.60

NAM:FST vs JPM, BAC, WFC: Dividend Payout Ratio Comparison

For the Banks - Diversified subindustry, Firstrand'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.

Firstrand Dividend Payout Ratio vs Banks Industry

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

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


NAM:FST
85GF Score
Firstrand Ltd NAM:FST
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Firstrand 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.

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

Dividend Payout Ratio=Dividends per Share (A: Jun. 2025 )/ EPS without NRI (A: Jun. 2025 )
=4.34/ 7.488
=0.58

Firstrand'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 )
=2.47/ 4.149
=0.60

* 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 0.60 mean?
Firstrand (NAM:FST) has a Dividend Payout Ratio of 0.60 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Firstrand and its competitors. This is near median its historical median of 0.57. Over the past decade, Firstrand's Dividend Payout Ratio has ranged from 0.23 to 0.97. According to the industry distribution chart, Firstrand ranks #993 out of 1169 companies in the Banks industry, placing it in the top 84.9%.
Is Firstrand's Dividend Payout Ratio too high?
Firstrand's current Dividend Payout Ratio of 0.60 is near median its 10-year median of 0.57. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 0.97. The Banks industry median Dividend Payout Ratio is 0.32. Firstrand's value of 0.60 is 87.5% above this industry median. Based on the distribution chart, Firstrand ranks #993 out of 1169 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Firstrand has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Firstrand's Dividend Payout Ratio compare to JPM and BAC?
According to the Banks industry distribution chart, Firstrand ranks #993 out of 1169 companies for Dividend Payout Ratio. This places Firstrand in the lower half of its industry. The industry median Dividend Payout Ratio is 0.32. Firstrand's value of 0.60 is 87.5% above this benchmark. Historically, Firstrand's own Dividend Payout Ratio has ranged from 0.23 to 0.97 over the past decade. While the company's 10-year median is 0.57 vs. the industry median of 0.32, Firstrand 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 Banks company?
The median Dividend Payout Ratio among Banks companies is 0.32, based on 1,169 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. Firstrand's current Dividend Payout Ratio of 0.60 is 87.5% 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 Firstrand and its competitors. For the Banks industry, the median Dividend Payout Ratio is 0.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Firstrand's current Dividend Payout Ratio is 0.60, which is near median its own 10-year median of 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Firstrand stock overvalued right now?
Based on GuruFocus' analysis, Firstrand (NAM:FST) is currently considered Modestly Overvalued. The stock's GF Value™ is R84.35, compared to a current price of R96.23 — trading 14.1% above its estimated fair value. The current Dividend Payout Ratio is 0.60, which is near median its 10-year median of 0.57 and 87.5% above the Banks industry median of 0.32. Firstrand's overall GF Score™ is 85/100 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 Firstrand (NAM:FST), the current Dividend Payout Ratio is 0.60 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 Firstrand (NAM:FST) Overvalued in 2026?

Based on GuruFocus' analysis, Firstrand stock appears to be overvalued. The current stock price of R96.23 is trading 14.1% above its estimated GF Value™ of R84.35. GuruFocus considers Firstrand to be Modestly Overvalued.

Key valuation signals for NAM:FST:

  • Dividend Payout Ratio: 0.60 (near median its 10-year median of 0.57)
  • GF Value™: R84.35 vs. price of R96.23 (14.1% above fair value)
  • GF Score™: 85/100 with 4 warning signs
  • Industry Position: 87.5% above the Banks median (#993 of 1169)

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

Firstrand Business Description

Address Corner Fredman Drive and Rivonia Road, 4 Merchant Place, C Low, Sandton, Johannesburg, GT, ZAF, 2196
Firstrand Ltd wholly owns FirstRand Bank, a full-service bank providing a comprehensive range of retail, commercial, corporate and investment banking services in South Africa and offers niche products. The bank has three divisions, which are separately branded: First National Bank (FNB), WesBank and Rand Merchant Bank (RMB). The firm's reportable segment includes Retail and commercial segment, Corporate and institutional segment, Centre (including group treasury), Firstrand Bank Normalised, and Normalised adjustments.
85GF Score

Get the complete analysis for NAM:FST

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

R96.23
Price
R84.35
GF Value