Shoprite Dividend yield

Shoprite is part of Food and Drug Retailers business, which is part of Consumer Services industry. Shoprite is a company from South Africa, and his stocks are publicly traded.

Shoprite stock dividend

Shoprite paid a total dividend of 3,635 million ZAR last year, for a market value of 155,924 millions (Market Cap 126,031 millions). Shoprite dividend per share is 6.15 ZAR, and his stock market price 263.83 ZAR.

According to the chart below, where dividend yield is displayed, Shoprite has a dividend yield of 2.33%, which is lower than the amount offered by the market average , but bigger than Consumer Services industry. Dividend yields are similar among companies from the same industry, so it is a positive sign for the company.

In addition, you should compare Shoprite stocks dividend with other Food and Drug Retailers companies or other of the high South Africa dividend stocks list.

Shoprite Dividend Payout

About the ability of Shoprite to maintain his current dividend of ZAR 6.15 per share, an amount that accounts for 2.33%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Shoprite payout on ernings is currently 58.96%, which is higher than the market average, and companies of Consumer Services industry, which are 39.34% and 31.45% respectively. Both figures show that Shoprite 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 Shoprite is ZAR 16.80 per share, which is higher than the dividend per share paid by the company of ZAR 6.15, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Shoprite, compared againt world market average, South Africa companies, Consumer Services industry and Food and Drug Retailers sector companies.

Shoprite Dividend History

Below you will find a table with the historical evolution of Shoprite'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	2.33%	6.15	58.96%	591
2022	2.65%	5.99	57.54%	591
2021	2.60%	5.43	61.36%	591
2020	2.74%	3.84	61.15%	591
2019	2.53%	3.19	40.53%	591
2018	2.55%	4.85	51.54%	591
2017	2.28%	5.04	51.96%	591
2016	2.42%	4.52	50.28%	571
2015	2.72%	3.86	50.86%	571

*In millions

Then you can see the evolution of Shoprite dividend stock, and compare it with the average of South Africa stocks and that of the Food and Drug Retailers stocks.

Shoprite Stock performance

Finally, last moth Shoprite showed a return of 2.10% compared to a worldwide -2.49% average, and a -3.06% of Consumer Services firms. Over the last year, the company obtained a 13.40% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for South Africa and Food and Drug Retailers firms.