Old Mutual Limited, through its subsidiaries, provides financial services primarily in South Africa and rest of Africa. The company operates through Mass and Foundation Cluster, Personal Finance and Wealth Management, Old Mutual Investments, Old Mutual Corporate, Old Mutual Insure, and Rest of Africa segments. It offers risk products, including group risk and funeral covers; long-term savings; lending products comprising micro-lending; and transactional products. It also provides financial advice, investment, and income products, as well as asset management services. In addition, the company offers investments, annuities, and consulting services to employee-sponsored retirement and benefit funds; and health, property, and casualty insurance products. It serves low-income and lower-middle income markets; high income and high net worth individuals; and employee-sponsored retirement and benefit funds. The company was founded in 1845 and is based in Cape Town, South Africa.
Old Mutual Dividend Announcement
• Old Mutual announced a semi annually dividend of $0.02 per ordinary share which will be made payable on 2024-10-21. Ex dividend date: 2024-10-16
• Old Mutual annual dividend for 2024 was $0.04
• Old Mutual annual dividend for 2023 was $0.04
• Old Mutual's trailing twelve-month (TTM) dividend yield is 6.79%
• Old Mutual's payout ratio for the trailing twelve months (TTM) is 44.53%
Old Mutual Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-16 | $0.02 | semi annually | 2024-10-21 |
2024-04-18 | $0.03 | semi annually | |
2023-10-19 | $0.02 | semi annually | 2023-10-23 |
2023-04-13 | $0.03 | semi annually | 2023-04-17 |
2022-09-22 | $0.01 | semi annually | 2022-10-17 |
2022-04-18 | $0.03 | semi annually | 2022-05-23 |
2021-09-16 | $0.02 | semi annually | 2021-10-11 |
2021-04-14 | $0.02 | semi annually | 2021-05-24 |
2020-04-02 | $0.04 | semi annually | 2020-05-04 |
Old Mutual Dividend per year
Old Mutual Dividend growth
Old Mutual Dividend Yield
Old Mutual current trailing twelve-month (TTM) dividend yield is 6.79%. Interested in purchasing Old Mutual stock? Use our calculator to estimate your expected dividend yield:
Old Mutual Financial Ratios
Old Mutual Dividend FAQ
Other factors to consider when evaluating Old Mutual 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: Old Mutual'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, Old Mutual 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, Old Mutual 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 Old Mutual 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: Old Mutual 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, Old Mutual distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Old Mutual 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 Old Mutual'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 Old Mutual'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.