African Rainbow Mine Dividend yield

 Price  278.11
 Dividend  16.99
 Earnings  17.83
 Cash-flow  31.97
 Book value  146.37
 Equity  135.08

African Rainbow Mine is part of Mining business, which is part of Basic Materials industry. African Rainbow Mine is a company from South Africa, and his stocks are publicly traded.

African Rainbow Mine paid a total dividend of 3,789 million ZAR last year, for a market value of 62,019 millions (Market Cap 29,362 millions). Dividend per share of African Rainbow Mine is 16.99 ZAR, and his stock market price 278.11 ZAR.

According to the chart below, where dividend yield is displayed, African Rainbow Mine has a dividend yield of 6.11%, which is higher than the amount offered by both the market average and companies from South Africa. It is also bigger than average of Basic Materials 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 African Rainbow Mine dividend yield with other Mining companies or firms from South Africa.

Dividend yield of African Rainbow Mine

African Rainbow Mine Dividend Payout

About the ability of African Rainbow Mine to maintain his current dividend of ZAR 16.99 per share, an amount that accounts for 6.11%, we should study its payout ratio both on earnings and on cash-flows (see chart below). African Rainbow Mine payout on ernings is currently 95.29%, which is higher than the market average, and companies of Basic Materials industry, which are 38.17% and 48.78% respectively. Both figures show that African Rainbow Mine 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 African Rainbow Mine is ZAR 31.97 per share, which is higher than the dividend per share paid by the company of ZAR 16.99, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of African Rainbow Mine, compared againt world market average, South Africa companies, Basic Materials industry and Mining sector companies.

African Rainbow Mine payout

African Rainbow Mine Dividend History

Year Yield  ZAR  Paypout  Shares* 

*In millions

African Rainbow Mine Stock performance

Finally, last moth African Rainbow Mine showed a return of -5.70% compared to a worldwide 4.24% average, and a 4.66% of Basic Materials firms. Over the last year, the company obtained a 176.00% versus a worldwide performance of a 53.49%. More detailed information can be seen in the following graph for South Africa and Mining firms.

African Rainbow Mine stock and market return