Kumba Iron Ore Limited, together with its subsidiaries, engages in the exploration, extraction, beneficiation, marketing, sale, and shipping of iron ore primarily in South Africa. It produces iron ore at Sishen and Kolomela mines in the Northern Cape Province. The company also operates a port in Saldanha Bay in the Western Cape Province. It supplies its iron ore to the steel industry; and exports to China, rest of Asia, Europe, the Middle East, North Africa, and the Americas. The company was incorporated in 2005 and is headquartered in Centurion, South Africa. Kumba Iron Ore Limited is a subsidiary of Anglo American plc.
Kumba Iron Ore Dividend Announcement
• Kumba Iron Ore announced a semi annually dividend of $0.34 per ordinary share which will be made payable on 2024-08-29. Ex dividend date: 2024-08-16
• Kumba Iron Ore annual dividend for 2024 was $0.76
• Kumba Iron Ore annual dividend for 2023 was $0.70
• Kumba Iron Ore's trailing twelve-month (TTM) dividend yield is 11.36%
• Kumba Iron Ore's payout ratio for the trailing twelve months (TTM) is 83.35%
• Kumba Iron Ore's dividend growth over the last five years (2018-2023) was -2.21% year
Kumba Iron Ore Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-16 | $0.34 | semi annually | 2024-08-29 |
2024-03-14 | $0.42 | semi annually | 2024-03-28 |
2023-08-17 | $0.40 | semi annually | 2023-08-31 |
2023-03-16 | $0.30 | semi annually | 2023-03-30 |
2022-08-18 | $0.56 | semi annually | 2022-09-01 |
2022-03-17 | $0.68 | semi annually | 2022-04-01 |
2021-08-19 | $1.59 | semi annually | 2021-09-02 |
2021-03-11 | $0.95 | semi annually | 2021-03-25 |
2020-08-20 | $0.39 | semi annually | 2020-09-03 |
2020-03-12 | $0.36 | semi annually | 2020-03-26 |
2019-08-15 | $0.73 | semi annually | 2019-08-29 |
2019-03-14 | $0.38 | semi annually | 2019-03-28 |
2018-08-16 | $0.37 | semi annually | 2018-08-30 |
2018-03-08 | $0.42 | semi annually | 2018-03-22 |
2017-08-16 | $0.40 | semi annually | 2017-08-31 |
2015-03-11 | $0.22 | semi annually | 2015-03-26 |
2014-08-13 | $0.49 | semi annually | 2014-08-28 |
2014-03-12 | $0.62 | semi annually | 2014-03-27 |
2013-08-14 | $0.69 | semi annually | 2013-08-29 |
2013-03-13 | $0.47 | semi annually | 2013-03-28 |
2012-08-15 | $0.76 | semi annually | 2012-08-30 |
2012-03-14 | $2.92 | semi annually | 2012-03-29 |
Kumba Iron Ore Dividend per year
Kumba Iron Ore Dividend growth
Kumba Iron Ore Dividend Yield
Kumba Iron Ore current trailing twelve-month (TTM) dividend yield is 11.36%. Interested in purchasing Kumba Iron Ore stock? Use our calculator to estimate your expected dividend yield:
Kumba Iron Ore Financial Ratios
Kumba Iron Ore Dividend FAQ
Other factors to consider when evaluating Kumba Iron Ore 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: Kumba Iron Ore'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, Kumba Iron Ore 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, Kumba Iron Ore 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 Kumba Iron Ore 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: Kumba Iron Ore 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, Kumba Iron Ore distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Kumba Iron Ore 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 Kumba Iron Ore'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 Kumba Iron Ore'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.