African Rainbow Mine Dividend yield

African Rainbow Mine is part of Mining business, which is part of Basic Materials industry. African Rainbow Mine is a company from South Africa, and his stocks are publicly traded.

African Rainbow Mine stock dividend

African Rainbow Mine paid a total dividend of 7,648 million ZAR last year, for a market value of 40,275 millions (Market Cap 18,853 millions). African Rainbow Mine dividend per share is 33.99 ZAR, and his stock market price 179.00 ZAR.

According to the chart below, where dividend yield is displayed, African Rainbow Mine has a dividend yield of 18.99%, which is higher than the amount offered by both the market average and companies from South Africa. It is also bigger than average of Basic Materials industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.

In addition, you should compare African Rainbow Mine stocks dividend with other Mining companies or other of the high South Africa dividend stocks list.

African Rainbow Mine Dividend Payout

About the ability of African Rainbow Mine to maintain his current dividend of ZAR 33.99 per share, an amount that accounts for 18.99%, we should study its payout ratio both on earnings and on cash-flows (see chart below). African Rainbow Mine payout on ernings is currently 60.76%, which is higher than the market average, and companies of Basic Materials industry, which are 39.34% and 38.07% respectively. Both figures show that African Rainbow Mine can have problems to keep with his present dividend yield.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of African Rainbow Mine is ZAR 54.24 per share, which is higher than the dividend per share paid by the company of ZAR 33.99, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of African Rainbow Mine, compared againt world market average, South Africa companies, Basic Materials industry and Mining sector companies.

African Rainbow Mine Dividend History

Below you will find a table with the historical evolution of African Rainbow Mine's dividend stock, both in percentage and in ZAR, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).

Year	Yield	ZAR	Paypout	Shares*
Present	18.99%	33.99	60.76%	225
2022	11.11%	32.00	57.78%	225
2021	12.97%	29.99	53.17%	224
2020	4.58%	12.00	67.34%	223
2019	7.94%	12.99	80.93%	222
2018	7.02%	9.99	46.31%	220
2017	4.84%	6.50	102.69%	219
2016	2.09%	2.24	-88.19%	218
2015	8.09%	3.50	66.29%	216

*In millions

Then you can see the evolution of African Rainbow Mine dividend stock, and compare it with the average of South Africa stocks and that of the Mining stocks.

African Rainbow Mine Stock performance

Finally, last moth African Rainbow Mine showed a return of -10.80% compared to a worldwide -2.49% average, and a -3.66% of Basic Materials firms. Over the last year, the company obtained a -24.20% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for South Africa and Mining firms.