First Majestic SilverTSX:AG +4.90%59 Dividend Payout Ratio is 0.03 as of Mar. 2026, which is 97% below its 10-year median of 0.95. GuruFocus rates TSX:AG with a GF Score™ of 59/100 and a GF Value™ of C$14.01 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 301 Metals & Mining companies, First Majestic Silver ranks better than 94.02% 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. First Majestic Silver's Dividend Payout Ratio for the
months ended in Mar. 2026 was 0.03.
The historical rank and industry rank for First Majestic Silver's Dividend Payout Ratio or its related term are showing as below:
TSX:AG'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.05 Med: 0.95 Max: 1.82
Current: 0.05
During the past 13 years, the highest Dividend Payout Ratio of First Majestic Silver was 1.82. The lowest was 0.05. And the median was 0.95.
TSX:AG's Dividend Payout Ratio is ranked better than 94.02% of 301
companies
in the Metals & Mining industry
Industry Median: 0.27
vs TSX:AG: 0.05
During the past 13 years, the highest Trailing Annual Dividend Yield of First Majestic Silver was 0.47%. The lowest was 0.03%. And the median was 0.27%.
During the past 12 months, First Majestic Silver's average Dividends Per Share Growth Rate was 19.20% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was -7.20% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of First Majestic Silver was 9.10% per year. The lowest was -7.20% per year. And the median was 0.95% 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.
First Majestic Silver (TSX:AG) 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.
First Majestic Silver Dividend Payout Ratio Related Terms
First Majestic Silver Dividend Payout Ratio Historical Data
* Premium members only.
The historical data trend for First Majestic Silver'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.
For the Silver subindustry, First Majestic Silver'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.
First Majestic Silver Dividend Payout Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, First Majestic Silver's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where First Majestic Silver's Dividend Payout Ratio falls into.
First Majestic Silver 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.
First Majestic Silver's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
First Majestic Silver (TSX:AG) has a Dividend Payout Ratio of 0.03 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on First Majestic Silver and its competitors. This is 97% below median its historical median of 0.95. Over the past decade, First Majestic Silver's Dividend Payout Ratio has ranged from 0.05 to 1.82. According to the industry distribution chart, First Majestic Silver ranks #18 out of 301 companies in the Metals & Mining industry, placing it in the top 6%.
Is First Majestic Silver's Dividend Payout Ratio too high?
First Majestic Silver's current Dividend Payout Ratio of 0.03 is 97% below median its 10-year median of 0.95. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 1.82. The Metals & Mining industry median Dividend Payout Ratio is 0.27. First Majestic Silver's value of 0.03 is 88.9% below this industry median. Based on the distribution chart, First Majestic Silver ranks #18 out of 301 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, First Majestic Silver has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Majestic Silver's Dividend Payout Ratio compare to EXK?
According to the Metals & Mining industry distribution chart, First Majestic Silver ranks #18 out of 301 companies for Dividend Payout Ratio. This places First Majestic Silver in the top 6% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.27. First Majestic Silver's value of 0.03 is 88.9% below this benchmark. Historically, First Majestic Silver's own Dividend Payout Ratio has ranged from 0.05 to 1.82 over the past decade. While the company's 10-year median is 0.95 vs. the industry median of 0.27, First Majestic Silver 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. First Majestic Silver's current Dividend Payout Ratio of 0.03 is 88.9% 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 First Majestic Silver 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. First Majestic Silver's current Dividend Payout Ratio is 0.03, which is 97% below median its own 10-year median of 0.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Majestic Silver stock overvalued right now?
Based on GuruFocus' analysis, First Majestic Silver (TSX:AG) is currently considered Significantly Overvalued. The stock's GF Value™ is C$14.01, compared to a current price of C$25.26 — trading 80.3% above its estimated fair value. The current Dividend Payout Ratio is 0.03, which is 97% below median its 10-year median of 0.95 and 88.9% below the Metals & Mining industry median of 0.27. First Majestic Silver's overall GF Score™ is 59/100 with 2 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 First Majestic Silver (TSX:AG), the current Dividend Payout Ratio is 0.03 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 First Majestic Silver (TSX:AG) Overvalued in 2026?
Based on GuruFocus' analysis, First Majestic Silver stock appears to be overvalued.
The current stock price of C$25.26 is trading 80.3% above its estimated GF Value™ of C$14.01.
GuruFocus considers First Majestic Silver to be Significantly Overvalued.
Key valuation signals for TSX:AG:
Dividend Payout Ratio: 0.03 (97% below median its 10-year median of 0.95)
GF Value™: C$14.01 vs. price of C$25.26 (80.3% above fair value)
Industry Position: 88.9% below the Metals & Mining median (#18 of 301)
No single metric tells the full story. See the TSX:AG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Majestic Silver Corp is in the business of production, development, exploration, and acquisition of mineral properties with a focus on silver and gold production in North America. The company owns four producing mines in Mexico, consisting of the Santa Elena Silver/Gold Mine, the San Dimas Silver/Gold Mine, the Los Gatos Silver Mine, and the La Encantada Silver Mine. It also owns the Jerritt Canyon Gold Mine in Nevada, USA. Additionally, the firm holds interests in the San Martin Silver Mine and the Del Toro Silver Mine, and several exploration-stage projects. The majority of the company's revenues are from the sale of precious metals contained in dore and concentrate form. It generates maximum revenue from the sale of silver, followed by gold, zinc, copper, and other metals.
59GF Score
Get the complete analysis for TSX:AG
Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSX:AG has been successfully added to your 
