Afrimat Limited, an open pit mining company, provides industrial minerals and construction materials in South Africa. It operates through three segments: Construction Materials, Industrial Minerals, and Bulk Commodities. The Construction Materials segment offers clinker ash, aggregates, manufactured and natural sand, stone dust, building blocks and bricks, pavers, lintels, and ready-mix concrete. The Industrial Minerals segment provides metallurgical dolomite, metallurgical quartzite, metallurgical limestone, high calcium neutralization limestone, agricultural lime, feedlime, hydrated lime, calcium oxide, calcium hydroxide, silica sand, silica sand, ultra-fine limestone and dolomite, and dolomite fillers. The Bulk Commodities segment mines for iron ores and underground anthracites. It also offers drilling and blasting, mobile crushing, screening, and bid preparation and contractual services. The company serves industrial minerals, building, construction, road building, railroad, and mining sectors. Afrimat Limited was founded in 1963 and is headquartered in Bellville, South Africa.
Afrimat Dividend Announcement
• Afrimat announced a semi annually dividend of R10.00 per ordinary share which will be made payable on 2024-11-25. Ex dividend date: 2024-11-20
• Afrimat annual dividend for 2024 was R164.00
• Afrimat annual dividend for 2023 was R150.00
• Afrimat's trailing twelve-month (TTM) dividend yield is 2.39%
• Afrimat's payout ratio for the trailing twelve months (TTM) is 43.72%
• Afrimat's dividend growth over the last five years (2018-2023) was 19.72% year
• Afrimat's dividend growth over the last ten years (2013-2023) was 17.08% year
Afrimat Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-20 | R10.00 | semi annually | 2024-11-25 |
2024-06-05 | R154.00 | semi annually | 2024-06-10 |
2023-11-22 | R40.00 | semi annually | 2023-11-27 |
2023-06-07 | R110.00 | semi annually | 2023-06-12 |
2022-11-23 | R40.00 | semi annually | 2022-11-28 |
2022-06-08 | R146.00 | semi annually | 2022-06-13 |
2021-12-01 | R40.00 | semi annually | 2021-12-06 |
2021-06-15 | R112.00 | semi annually | 2021-06-21 |
2020-11-25 | R36.00 | semi annually | 2020-11-30 |
2020-09-02 | R81.00 | semi annually | 2020-09-07 |
2019-11-27 | R36.00 | semi annually | 2019-12-02 |
2019-06-12 | R62.00 | semi annually | 2019-06-18 |
2018-11-28 | R19.00 | semi annually | 2018-12-03 |
2018-06-13 | R42.00 | semi annually | 2018-06-18 |
2017-11-29 | R20.00 | semi annually | 2017-12-04 |
2017-06-07 | R50.00 | semi annually | 2017-06-12 |
2016-11-30 | R20.00 | semi annually | |
2016-06-06 | R41.00 | semi annually | |
2015-12-07 | R16.00 | semi annually | |
2015-06-08 | R37.00 | semi annually | |
2014-12-08 | R13.00 | semi annually | |
2014-06-02 | R28.00 | semi annually | |
2013-12-02 | R11.00 | semi annually | |
2013-05-27 | R20.00 | semi annually |
Afrimat Dividend per year
Afrimat Dividend growth
Afrimat Dividend Yield
Afrimat current trailing twelve-month (TTM) dividend yield is 2.39%. Interested in purchasing Afrimat stock? Use our calculator to estimate your expected dividend yield:
Afrimat Financial Ratios
Afrimat Dividend FAQ
Other factors to consider when evaluating Afrimat 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: Afrimat'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, Afrimat 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, Afrimat 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 Afrimat 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: Afrimat 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, Afrimat distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Afrimat 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 Afrimat'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 Afrimat'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.