Firstrand Limited Dividend yield

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 stock dividend

Firstrand Limited paid a total dividend of 20,981 million ZAR last year, for a market value of 411,774 millions (Market Cap 367,269 millions). Firstrand Limited dividend per share is 3.74 ZAR, and his stock market price 73.40 ZAR.

According to the chart below, where dividend yield is displayed, Firstrand Limited has a dividend yield of 5.10%, 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 stocks dividend with other Banks companies or other of the best South Africa dividend stocks list.

Firstrand Limited Dividend Payout

About the ability of Firstrand Limited to maintain his current dividend of ZAR 3.74 per share, an amount that accounts for 5.10%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Firstrand Limited payout on ernings is currently 64.15%, which is higher than the market average, and companies of Financials industry, which are 39.34% and 46.18% 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 10.34 per share, which is higher than the dividend per share paid by the company of ZAR 3.74, so the company generates 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 Dividend History

Below you will find a table with the historical evolution of Firstrand Limited'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	5.10%	3.74	64.15%	5,610
2022	5.51%	3.42	58.36%	5,610
2021	4.33%	2.63	54.45%	5,610
2020	5.84%	2.98	95.82%	5,610
2019	4.63%	2.91	53.79%	5,610
2018	4.19%	2.75	58.76%	5,610
2017	3.79%	2.55	59.16%	5,610
2016	4.48%	2.26	57.22%	5,614
2015	4.47%	2.10	55.85%	5,614

*In millions

Then you can see the evolution of Firstrand Limited dividend stock, and compare it with the average of South Africa stocks and that of the Banks stocks.

Firstrand Limited Stock performance

Finally, last moth Firstrand Limited showed a return of 0.80% compared to a worldwide -2.49% average, and a -3.03% of Financials firms. Over the last year, the company obtained a 16.80% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for South Africa and Banks firms.