African Rainbow Minerals Limited, through its subsidiaries, operates as a diversified mining and minerals company in South Africa and Malaysia. It explores for platinum group metals, nickel, copper, coal, iron ore, manganese ore, chrome ore, and ferro manganese, as well as gold. The company was founded in 1933 and is based in Sandton, South Africa.
African Rainbow Minerals Dividend Announcement
• African Rainbow Minerals announced a semi annually dividend of R900.00 per ordinary share which will be made payable on 2024-10-07. Ex dividend date: 2024-10-02
• African Rainbow Minerals annual dividend for 2024 was R1500.00
• African Rainbow Minerals annual dividend for 2023 was R2600.00
• African Rainbow Minerals's trailing twelve-month (TTM) dividend yield is 9.34%
• African Rainbow Minerals's payout ratio for the trailing twelve months (TTM) is 99.71%
• African Rainbow Minerals's dividend growth over the last five years (2018-2023) was 21.06% year
• African Rainbow Minerals's dividend growth over the last ten years (2013-2023) was 17.69% year
African Rainbow Minerals Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-02 | R900.00 | semi annually | 2024-10-07 |
2024-04-03 | R600.00 | semi annually | |
2023-10-04 | R1200.00 | semi annually | 2023-10-09 |
2023-03-29 | R1400.00 | semi annually | 2023-04-03 |
2022-09-28 | R2000.00 | semi annually | 2022-10-03 |
2022-03-30 | R1200.00 | semi annually | 2022-04-04 |
2021-09-29 | R2000.00 | semi annually | 2021-10-04 |
2021-03-24 | R1000.00 | semi annually | 2021-03-29 |
2020-09-30 | R700.00 | semi annually | 2020-10-05 |
2020-03-18 | R500.00 | semi annually | 2020-03-23 |
2019-09-25 | R900.00 | semi annually | 2019-09-30 |
2019-04-03 | R400.00 | semi annually | 2019-04-08 |
2018-09-26 | R750.00 | semi annually | 2018-10-01 |
2018-04-11 | R250.00 | semi annually | 2018-04-16 |
2017-09-27 | R650.00 | semi annually | 2017-10-02 |
2016-09-28 | R225.00 | semi annually | |
2015-09-28 | R350.00 | semi annually | |
2014-09-29 | R600.00 | semi annually | |
2013-09-20 | R510.00 | semi annually |
African Rainbow Minerals Dividend per year
African Rainbow Minerals Dividend growth
African Rainbow Minerals Dividend Yield
African Rainbow Minerals current trailing twelve-month (TTM) dividend yield is 9.34%. Interested in purchasing African Rainbow Minerals stock? Use our calculator to estimate your expected dividend yield:
African Rainbow Minerals Financial Ratios
African Rainbow Minerals Dividend FAQ
Other factors to consider when evaluating African Rainbow Minerals as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: African Rainbow Minerals's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, African Rainbow Minerals publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, African Rainbow Minerals distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from African Rainbow Minerals are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: African Rainbow Minerals sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, African Rainbow Minerals distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: African Rainbow Minerals declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of African Rainbow Minerals's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review African Rainbow Minerals's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.