Harmony Dividend yield

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 stock dividend

Harmony paid a total dividend of 383 million ZAR last year, for a market value of 48,705 millions (Market Cap 42,782 millions). Harmony dividend per share is 0.62 ZAR, and his stock market price 78.81 ZAR.

According to the chart below, where dividend yield is displayed, Harmony has a dividend yield of 0.79%, 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 stocks dividend with other Mining companies or other of the highest South Africa dividend stocks list.

Harmony Dividend Payout

About the ability of Harmony to maintain his current dividend of ZAR 0.62 per share, an amount that accounts for 0.79%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Harmony payout on ernings is currently 7.95%, which is lower than the market average and companies of Basic Materials industry, which are 39.34% and 38.07% 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 16.08 per share, which is higher than the dividend per share paid by the company of ZAR 0.62, 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 Dividend History

Below you will find a table with the historical evolution of Harmony'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	0.79%	0.62	7.95%	618
2022	1.05%	0.62	-36.90%	617
2021	2.06%	1.37	16.67%	616
2020	0.00%	0.00	0.00%	603
2019	0.00%	0.00	0.00%	540
2018	3.37%	0.85	-9.78%	512
2017	3.75%	0.85	103.66%	440
2016	1.58%	0.50	22.94%	435

*In millions

Harmony Stock performance

Finally, last moth Harmony showed a return of 2.40% compared to a worldwide -2.49% average, and a -3.66% of Basic Materials firms. Over the last year, the company obtained a 82.60% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for South Africa and Mining firms.