Resimac Group Limited, a non-bank financial institution, provides residential mortgage and asset finance lending solutions in Australia and New Zealand. The company operates in two segments, Australian Lending Business and New Zealand Lending Business. It offers prime and specialist lending products; SME/commercial finance products; and home and car loans. The company also provides mortgage originator, trustee, lender, manager, and broker services; and LMI captive insurer and record lending services. In addition, it acts as a trust manager and servicer; and an issuer of residential mortgage-backed securities. Further, the company provides warehouse mortgages and managed investment trust services. Resimac Group Ltd offers its products and services through brokers, wholesale partners, and direct retail networks, as well as direct-to-consumer channel primarily under the Resimac, Resimac Asset Finance, and homeloans.com.au brands. The company was formerly known as Homeloans Limited and changed its name to Resimac Group Resimac Group Limited in December 2018. Resimac Group Limited was founded in 1985 and is based in Sydney, Australia.
Resimac Dividend Announcement
• Resimac announced a semi annually dividend of A$0.04 per ordinary share which will be made payable on 2024-09-20. Ex dividend date: 2024-09-05
• Resimac annual dividend for 2024 was A$0.07
• Resimac annual dividend for 2023 was A$0.08
• Resimac's trailing twelve-month (TTM) dividend yield is 7.95%
• Resimac's payout ratio for the trailing twelve months (TTM) is 87.02%
• Resimac's dividend growth over the last five years (2018-2023) was 34.76% year
• Resimac's dividend growth over the last ten years (2013-2023) was 2.92% year
Resimac Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-05 | A$0.04 | semi annually | 2024-09-20 |
2024-03-04 | A$0.04 | semi annually | |
2023-09-07 | A$0.04 | semi annually | 2023-09-20 |
2023-03-09 | A$0.04 | semi annually | 2023-03-24 |
2022-09-08 | A$0.04 | semi annually | 2022-09-23 |
2022-03-02 | A$0.04 | semi annually | 2022-03-24 |
2021-09-03 | A$0.04 | semi annually | 2021-09-21 |
2021-03-04 | A$0.02 | semi annually | 2021-03-31 |
2020-08-27 | A$0.02 | semi annually | 2020-09-25 |
2020-02-27 | A$0.01 | semi annually | 2020-03-27 |
2019-09-05 | A$0.01 | semi annually | 2019-09-30 |
2019-03-05 | A$0.01 | semi annually | 2019-03-25 |
2018-09-19 | A$0.01 | semi annually | 2018-10-12 |
2018-03-06 | A$0.01 | semi annually | 2018-04-09 |
2017-09-19 | A$0.01 | semi annually | 2017-10-05 |
2017-03-07 | A$0.01 | semi annually | 2017-04-12 |
2016-10-19 | A$0.02 | semi annually | 2016-10-28 |
2016-03-11 | A$0.02 | semi annually | |
2015-09-11 | A$0.02 | semi annually | 2015-10-05 |
2015-03-30 | A$0.02 | semi annually | 2015-04-20 |
2014-09-11 | A$0.02 | semi annually | 2014-10-03 |
2014-03-11 | A$0.03 | semi annually | 2014-03-26 |
2013-09-10 | A$0.03 | semi annually | 2013-10-02 |
2013-03-12 | A$0.03 | semi annually | 2013-03-27 |
Resimac Dividend per year
Resimac Dividend growth
Resimac Dividend Yield
Resimac current trailing twelve-month (TTM) dividend yield is 7.95%. Interested in purchasing Resimac stock? Use our calculator to estimate your expected dividend yield:
Resimac Financial Ratios
Resimac Dividend FAQ
Other factors to consider when evaluating Resimac 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: Resimac'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, Resimac 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, Resimac 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 Resimac 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: Resimac 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, Resimac distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Resimac 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 Resimac'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 Resimac'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.