Nedbank Group Dividend yield

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

Nedbank Group stock dividend

Nedbank Group paid a total dividend of 8,443 million ZAR last year, for a market value of 110,495 millions (Market Cap 103,620 millions). Nedbank Group dividend per share is 16.49 ZAR, and his stock market price 215.81 ZAR.

According to the chart below, where dividend yield is displayed, Nedbank Group has a dividend yield of 7.64%, 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 Nedbank Group stocks dividend with other Banks companies or other of the highest South Africa dividend stocks list.

Nedbank Group Dividend Payout

About the ability of Nedbank Group to maintain his current dividend of ZAR 16.49 per share, an amount that accounts for 7.64%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Nedbank Group payout on ernings is currently 54.24%, which is higher than the market average, and companies of Financials industry, which are 39.34% and 46.18% respectively. Both figures show that Nedbank Group 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 Nedbank Group is ZAR 46.92 per share, which is higher than the dividend per share paid by the company of ZAR 16.49, so the company generates enough cash to maintain his dividend in the future.

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

Nedbank Group Dividend History

Below you will find a table with the historical evolution of Nedbank Group'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	7.64%	16.49	54.24%	512
2022	7.25%	15.41	63.08%	512
2021	2.47%	4.32	46.15%	509
2020	10.93%	14.15	55.73%	502
2019	6.72%	14.40	51.74%	497
2018	4.99%	13.71	56.89%	500
2017	4.84%	12.40	58.57%	499
2016	4.96%	11.41	51.58%	499
2015	5.24%	11.05	54.49%	499

*In millions

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

Nedbank Group Stock performance

Finally, last moth Nedbank Group showed a return of -8.20% compared to a worldwide -2.49% average, and a -3.03% of Financials firms. Over the last year, the company obtained a 6.40% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for South Africa and Banks firms.