Harmony Dividend yield




   ZAR/share 
 Price  46.91
 Dividend  1.10
 Earnings  9.02
 Cash-flow  15.13
 Book value  52.12
 Equity  44.43

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

Harmony paid a total dividend of 678 million ZAR last year, for a market value of 28,897 millions (Market Cap 24,896 millions). Dividend per share of Harmony is 1.10 ZAR, and his stock market price 46.91 ZAR.

According to the chart below, where dividend yield is displayed, Harmony has a dividend yield of 2.34%, lower than the amount offered by both the market average and companies from South Africa. It is also lower than average of Basic Materials industry. This low dividend yield might has several explanations: company overpriced, expanding their business,...

In addition, you should compare Harmony dividend yield with other Mining companies or firms from South Africa.

Dividend yield of Harmony

Harmony Dividend Payout

About the ability of Harmony to maintain his current dividend of ZAR 1.10 per share, an amount that accounts for 2.34%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Harmony payout on ernings is currently 12.20%, which is lower than the market average and companies of Basic Materials industry, which are 39.27% and 51.13% respectively. Both figures lead us to believe that there is confidence that Harmonycan maintain his current dividend.

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 Harmony is ZAR 15.13 per share, which is higher than the dividend per share paid by the company of ZAR 1.10, so the company generates enough cash to maintain his dividend in the future.

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

Harmony payout

Harmony Dividend History

Year Yield  ZAR  Paypout  Shares* 
Present2.34%1.1012.20%616
20200.00%0.000.00%603
20190.00%0.000.00%540
20183.37%0.85-9.78%512
20173.75%0.85103.66%440
20161.58%0.5022.94%435

*In millions

Harmony Stock performance

Finally, last moth Harmony showed a return of -12.10% compared to a worldwide -1.33% average, and a -2.32% of Basic Materials firms. Over the last year, the company obtained a -47.40% versus a worldwide performance of a 31.58%. More detailed information can be seen in the following graph for South Africa and Mining firms.

Harmony stock and market return