Merafe Resources Limited, together with its subsidiaries, engages in the mining and beneficiation of chrome ore into ferrochrome. The company operates five ferrochrome smelters, twenty-two ferrochrome furnaces, six chrome ore mines, and five UG2 plants. It primarily serves stainless steel mills in Africa, the Middle East, the United States, Brazil, Mexico, China, India, Indonesia, Japan, South Korea, Taiwan, Australia, Germany, Italy, Spain, France, and Belgium. The company was incorporated in 1987 and is based in Bryanston, South Africa.
Merafe Resources Dividend Announcement
• Merafe Resources announced a semi annually dividend of R20.00 per ordinary share which will be made payable on 2024-09-09. Ex dividend date: 2024-09-04
• Merafe Resources annual dividend for 2024 was R42.00
• Merafe Resources annual dividend for 2023 was R33.00
• Merafe Resources's trailing twelve-month (TTM) dividend yield is 28.0%
• Merafe Resources's payout ratio for the trailing twelve months (TTM) is 57.50%
• Merafe Resources's dividend growth over the last five years (2018-2023) was 14.23% year
Merafe Resources Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-04 | R20.00 | semi annually | 2024-09-09 |
2024-04-10 | R22.00 | semi annually | |
2023-09-06 | R20.00 | semi annually | 2023-09-11 |
2023-04-12 | R13.00 | semi annually | 2023-04-17 |
2022-09-14 | R12.00 | semi annually | 2022-09-19 |
2022-04-06 | R22.00 | semi annually | 2022-04-11 |
2021-09-01 | R7.00 | semi annually | 2021-09-06 |
2020-03-25 | R4.00 | semi annually | 2020-03-30 |
2019-03-27 | R6.00 | semi annually | 2019-04-01 |
2018-08-29 | R7.97 | semi annually | 2018-09-03 |
2018-03-20 | R9.00 | semi annually | 2018-03-26 |
2017-09-20 | R3.00 | semi annually | 2017-09-26 |
2017-03-29 | R4.00 | semi annually | 2017-04-03 |
2016-08-24 | R0.80 | semi annually | |
2016-03-24 | R1.19 | semi annually | |
2015-08-24 | R1.00 | semi annually | |
2015-03-23 | R0.80 | semi annually | |
2014-09-01 | R1.12 | semi annually | |
2011-03-18 | R2.00 | semi annually |
Merafe Resources Dividend per year
Merafe Resources Dividend growth
Merafe Resources Dividend Yield
Merafe Resources current trailing twelve-month (TTM) dividend yield is 28.0%. Interested in purchasing Merafe Resources stock? Use our calculator to estimate your expected dividend yield:
Merafe Resources Financial Ratios
Merafe Resources Dividend FAQ
Other factors to consider when evaluating Merafe Resources 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.
Place an order: Use the brokerage's trading platform to place an order to buy Merafe Resources stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
1. Determination of Dividend: Merafe Resources'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, Merafe Resources 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, Merafe Resources 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 Merafe Resources 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: Merafe Resources 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, Merafe Resources distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Merafe Resources 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 Merafe Resources'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 Merafe Resources'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.