Master Drilling Group Limited, an investment holding company, provides specialized drilling services to blue chip major and mid-tier companies in the mining, civil engineering, construction, and hydro-electric power sectors. The company offers rock boring services, including raise, horizontal, box hole, slot, reef, mobile tunnel, and blind shaft boring systems; exploration drilling services, such as aircore, blast hole, core, grade control, hydrogeological, mud rotary, percussion, sonic, and underground drilling services; and support services comprising directional drilling, stage shaft and remote-operated shaft support, piling, and geo intelligence services. It operates in Africa, Central and North America, South America, and internationally. Master Drilling Group Limited was founded in 1986 and is based in Fochville, South Africa.
Master Drilling Dividend Announcement
• Master Drilling announced a annually dividend of R52.50 per ordinary share which will be made payable on 2024-05-20. Ex dividend date: 2024-05-15
• Master Drilling annual dividend for 2024 was R52.50
• Master Drilling annual dividend for 2023 was R915.87
• Master Drilling's trailing twelve-month (TTM) dividend yield is 3.92%
• Master Drilling's payout ratio for the trailing twelve months (TTM) is 34.91%
Master Drilling Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-15 | R52.50 | annually | 2024-05-20 |
2023-05-17 | R915.87 | annually | 2023-05-22 |
2022-06-08 | R508.85 | annually | 2022-06-13 |
2019-05-15 | R371.86 | annually | 2019-05-20 |
2018-05-16 | R327.83 | annually | 2018-05-21 |
2017-05-17 | R397.51 | annually | 2017-05-22 |
Master Drilling Dividend per year
Master Drilling Dividend growth
Master Drilling Dividend Yield
Master Drilling current trailing twelve-month (TTM) dividend yield is 3.92%. Interested in purchasing Master Drilling stock? Use our calculator to estimate your expected dividend yield:
Master Drilling Financial Ratios
Master Drilling Dividend FAQ
Other factors to consider when evaluating Master Drilling 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: Master Drilling'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, Master Drilling 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, Master Drilling 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 Master Drilling 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: Master Drilling 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, Master Drilling distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Master Drilling 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 Master Drilling'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 Master Drilling'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.