Redefine Properties Dividend yield




   ZAR/share 
 Price  3.33
 Dividend  0.97
 Earnings  -2.78
 Cash-flow  0.48
 Book value  6.66
 Equity  8.03

Redefine Properties is part of Real Estate Investment Trusts business, which is part of Financials industry. Redefine Properties is a company from South Africa, and his stocks are publicly traded.

Redefine Properties paid a total dividend of 5,619 million ZAR last year, for a market value of 19,291 millions (Market Cap 18,873 millions). Dividend per share of Redefine Properties is 0.97 ZAR, and his stock market price 3.33 ZAR.

According to the chart below, where dividend yield is displayed, Redefine Properties has a dividend yield of 29.23%, 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 Redefine Properties dividend yield with other Real Estate Investment Trusts companies or firms from South Africa.

Dividend yield of Redefine Properties

Redefine Properties Dividend Payout

About the ability of Redefine Properties to maintain his current dividend of ZAR 0.97 per share, an amount that accounts for 29.23%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Redefine Properties payout on ernings is currently -34.89%, which is lower than the market average and companies of Financials industry, which are 38.57% and 41.00% respectively. Both figures lead us to believe that there is confidence that Redefine Propertiescan 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 Redefine Properties is ZAR 0.48 per share, which is lower than the dividend per share paid by the company of ZAR 0.97, 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 Redefine Properties, compared againt world market average, South Africa companies, Financials industry and Real Estate Investment Trusts sector companies.

Redefine Properties payout

Redefine Properties Dividend History

Year Yield  ZAR  Paypout  Shares* 
Present29.23%0.97-34.89%5,793
201912.87%0.97164.41%5,766
201810.04%0.9782.91%5,723
20178.60%0.92153.33%5,650
20168.31%0.8678.90%5,062
20157.58%0.8066.67%4,600

*In millions

Redefine Properties Stock performance

Finally, last moth Redefine Properties showed a return of 40.50% compared to a worldwide 3.99% average, and a 3.02% of Financials firms. Over the last year, the company obtained a -56.00% versus a worldwide performance of a 6.65%. More detailed information can be seen in the following graph for South Africa and Real Estate Investment Trusts firms.

Redefine Properties stock and market return