Capitec Bank Holdings Limited, through its subsidiaries, provides various banking products and services in South Africa. The company operates through three segments: Retail Bank, Business Bank, and Insurance. It offers transactional banking services; fixed and tax-free savings, and call and notice deposits; term loans, credit facilities, mortgage loans, overdrafts, instalment sales and leases, credit and debit cards, and access facilities; rental finance; payment services; and merchant services, as well as credit and life insurance products. The company also provides treasury products comprising foreign exchange spot trades and foreign exchange forward contracts; and internet banking and mobile banking services. It operates approximately 853 branches; and 2,863 automated teller machines, dual note recyclers, and coin and note recyclers. The company was incorporated in 1999 and is based in Stellenbosch, South Africa.
Capitec Bank Dividend Announcement
• Capitec Bank announced a semi annually dividend of $0.03 per ordinary share which will be made payable on 2024-11-05. Ex dividend date: 2024-10-18
• Capitec Bank annual dividend for 2024 was $0.72
• Capitec Bank annual dividend for 2023 was $0.06
• Capitec Bank's trailing twelve-month (TTM) dividend yield is 0.76%
• Capitec Bank's payout ratio for the trailing twelve months (TTM) is 46.06%
Capitec Bank Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-18 | $0.03 | semi annually | 2024-11-05 |
2024-05-16 | $0.68 | semi annually | 2024-06-04 |
2023-10-19 | $0.02 | semi annually | 2023-11-07 |
2023-05-11 | $0.04 | semi annually | 2023-05-30 |
2022-10-20 | $0.02 | semi annually | 2022-11-08 |
2022-05-05 | $0.03 | semi annually | 2022-05-24 |
2021-10-21 | $0.03 | semi annually | 2021-11-09 |
2021-05-06 | $0.04 | semi annually | 2021-05-25 |
2019-10-31 | $0.02 | semi annually | 2019-11-19 |
2019-04-17 | $0.03 | semi annually | 2019-05-08 |
2018-10-18 | $0.02 | semi annually | 2018-11-06 |
2018-04-19 | $0.03 | semi annually | 2018-05-08 |
2017-10-19 | $0.01 | semi annually | 2017-11-07 |
2017-04-19 | $0.02 | semi annually | 2017-05-09 |
Capitec Bank Dividend per year
Capitec Bank Dividend growth
Capitec Bank Dividend Yield
Capitec Bank current trailing twelve-month (TTM) dividend yield is 0.76%. Interested in purchasing Capitec Bank stock? Use our calculator to estimate your expected dividend yield:
Capitec Bank Financial Ratios
Capitec Bank Dividend FAQ
Other factors to consider when evaluating Capitec Bank 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: Capitec Bank'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, Capitec Bank 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, Capitec Bank 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 Capitec Bank 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: Capitec Bank 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, Capitec Bank distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Capitec Bank 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 Capitec Bank'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 Capitec Bank'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.