Firstrand Limited Dividend yield




   ZAR/share 
 Price  51.04
 Dividend  2.98
 Earnings  3.11
 Cash-flow  0.00
 Book value  24.30
 Equity  23.74

Firstrand Limited is part of Banks business, which is part of Financials industry. Firstrand Limited is a company from South Africa, and his stocks are publicly traded.

Firstrand Limited paid a total dividend of 16,718 million ZAR last year, for a market value of 286,334 millions (Market Cap 250,233 millions). Dividend per share of Firstrand Limited is 2.98 ZAR, and his stock market price 51.04 ZAR.

According to the chart below, where dividend yield is displayed, Firstrand Limited has a dividend yield of 5.84%, which is higher than the amount offered by both the market average and companies from South Africa. It is also bigger than average of Financials 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 Firstrand Limited dividend yield with other Banks companies or firms from South Africa.

Dividend yield of Firstrand Limited

Firstrand Limited Dividend Payout

About the ability of Firstrand Limited to maintain his current dividend of ZAR 2.98 per share, an amount that accounts for 5.84%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Firstrand Limited payout on ernings is currently 95.82%, which is higher than the market average, and companies of Financials industry, which are 38.57% and 41.00% respectively. Both figures show that Firstrand Limited 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 Firstrand Limited is ZAR 0.00 per share, which is lower than the dividend per share paid by the company of ZAR 2.98, so the company does not generate enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Firstrand Limited, compared againt world market average, South Africa companies, Financials industry and Banks sector companies.

Firstrand Limited payout

Firstrand Limited Dividend History

Year Yield  ZAR  Paypout  Shares* 
Present5.84%2.9895.82%5,610
20194.63%2.9153.79%5,610
20184.19%2.7558.76%5,610
20173.79%2.5559.16%5,610
20164.48%2.2657.22%5,614
20154.47%2.1055.85%5,614

*In millions

Firstrand Limited Stock performance

Finally, last moth Firstrand Limited showed a return of 12.20% compared to a worldwide 3.99% average, and a 3.02% of Financials firms. Over the last year, the company obtained a -18.70% versus a worldwide performance of a 6.65%. More detailed information can be seen in the following graph for South Africa and Banks firms.

Firstrand Limited stock and market return