Redefine Properties Dividend yield

 Price  4.62
 Dividend  0.60
 Earnings  0.37
 Cash-flow  0.31
 Book value  5.13
 Equity  5.29

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 4,441 million ZAR last year, for a market value of 34,197 millions (Market Cap 32,408 millions). Dividend per share of Redefine Properties is 0.60 ZAR, and his stock market price 4.62 ZAR.

According to the chart below, where dividend yield is displayed, Redefine Properties has a dividend yield of 13.01%, 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 0.60 per share, an amount that accounts for 13.01%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Redefine Properties payout on ernings is currently 162.16%, which is higher than the market average, and companies of Financials industry, which are 38.25% and 41.38% respectively. Both figures show that Redefine Properties 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 Redefine Properties is ZAR 0.31 per share, which is lower than the dividend per share paid by the company of ZAR 0.60, 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* 

*In millions

Redefine Properties Stock performance

Finally, last moth Redefine Properties showed a return of 9.50% compared to a worldwide 1.12% average, and a 1.75% of Financials firms. Over the last year, the company obtained a 23.20% versus a worldwide performance of a 5.73%. 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