Thungela Resources (Thungela Resources) Dividend Payout Ratio : 0.29 (As of Dec. 2023)

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What is Thungela Resources Dividend Payout Ratio?

Thungela Resources's dividend payout ratio for the months ended in Dec. 2023 was 0.29.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Thungela Resources Ltd is 1.46, which seems too high.

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

TNGRF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.61 Med: 1.03 Max: 1.46
Current: 1.45

During the past 6 years, the highest Dividend Payout Ratio of Thungela Resources was 1.46. The lowest was 0.61. And the median was 1.03.

TNGRF's Dividend Payout Ratio is ranked worse than
89.33% of 75 companies
in the Other Energy Sources industry
Industry Median: 0.62 vs TNGRF: 1.45

As of today (2024-05-22), the Dividend Yield % of Thungela Resources is 13.78%.

During the past 6 years, the highest Trailing Annual Dividend Yield of Thungela Resources was 60.86%. The lowest was 13.78%. And the median was 44.73%.

Thungela Resources's Dividends per Share for the months ended in Dec. 2023 was $0.54.

During the past 12 months, Thungela Resources's average Dividends Per Share Growth Rate was -35.90% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Thungela Resources Dividend Payout Ratio Historical Data

The historical data trend for Thungela 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.

* Premium members only.

Thungela Resources Dividend Payout Ratio Chart

Thungela Resources Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.61

1.46

Thungela Resources Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial					-	284.50	0.47	2,134.00	0.29

Competitive Comparison of Thungela Resources's Dividend Payout Ratio

For the Thermal Coal subindustry, Thungela 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.

Thungela Resources's Dividend Payout Ratio Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Thungela Resources's Dividend Payout Ratio distribution charts can be found below:

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

Thungela Resources Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Thungela Resources's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	2.683	/	1.84
	=	1.46

Thungela Resources's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.537	/	1.839
	=	0.29

Thungela Resources (OTCPK:TNGRF) Dividend Payout Ratio Explanation

In dividends investing, 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.

Thungela Resources Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Thungela Resources's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Thungela Resources (Thungela Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Thungela Resources Ltd (OTCPK:TNGRF) » Definitions » Dividend Payout Ratio

Traded in Other Exchanges

TGA:South Africa TGAl:UK TGA:UK 6UP:Germany

Address

25 Bath Avenue, Rosebank, Johannesburg, GT, ZAF, 2196

Website

https://www.thungela.com

Thungela Resources Ltd is a pure-play producer and exporter of thermal coal in South Africa. It owns interests in various mining operations, namely Goedehoop, Greenside, Isibonelo, Khwezela, AAIC, Mafube Coal Mining and Butsanani Energy which consist of both underground and open cast mines located in the Mpumalanga province of South Africa.

Thungela Resources (Thungela Resources) Headlines

From GuruFocus

Thungela Resources Ltd (TNGRF): A Comprehensive Analysis of its Dividend Performance

By GuruFocus Research • 09-20-2023