Coles Group Dividends and Buybacks
Dividend criteria checks 2/6
Coles Group is a dividend paying company with a current yield of 3.41%.
Key information
3.4%
Dividend yield
0.2%
Buyback Yield
| Total Shareholder Yield | 3.6% |
| Future Dividend Yield | 4.2% |
| Dividend Growth | 6.1% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Payout ratio | 96% |
Recent dividend and buyback updates
Recent updates
Narrative Update • Apr 26
COL: Firm Margins And Leakage Controls Are Expected To Sustain Fair Value
Analysts have nudged their fair value estimate for Coles Group slightly higher from A$22.75 to A$22.94, citing healthy growth, solid margins and progress in limiting non food channel leakage as key factors supporting the higher price target. Analyst Commentary Recent research points to a slightly more constructive view on Coles Group, with bullish analysts highlighting resilient fundamentals while also flagging areas that still warrant caution for valuation and execution risk.Narrative Update • Apr 12
COL: Firm Margins And Leakage Improvements Are Expected To Support Fair Value
Analysts have raised their price target on Coles Group to A$23, a modest uplift that is supported by views that growth remains relatively healthy, margins are solid and recent progress on non food channel leakage is encouraging. Analyst Commentary Recent research around the A$23 price target highlights a mix of confidence in Coles Group’s current setup and caution around execution risks and competition.Narrative Update • Mar 29
COL: Firm Margins And Lower Leakage Are Expected To Sustain Fair Value
Analysts have lifted their price target for Coles Group to A$23, reflecting updated views that relatively healthy growth, firm margins and progress in reducing non food channel leakage support a somewhat higher valuation multiple and a slightly lower discount rate in current models. Analyst Commentary Bullish Takeaways Bullish analysts see the A$23 price target as supported by relatively healthy growth, which they view as sufficient to underpin the revised valuation rather than stretching it.Narrative Update • Mar 15
COL: Margin Strength And Non Food Leakage Progress Will Support Future Upside
Analysts have trimmed their fair value estimate for Coles Group slightly, to about A$22.75 from A$22.85. This reflects updated assumptions for discount rates, revenue growth, profit margins and future P/E, while citing relatively healthy growth, solid margins and progress in non food channel leakage as key drivers for their latest price targets.Narrative Update • Mar 01
COL: Margin Strength And Reduced Channel Leakage Will Support Future Upside
Analysts have trimmed their fair value estimate for Coles Group to A$22.85 from A$23.41. They link the change to a slightly higher discount rate, marginally softer revenue growth and profit margin assumptions, and only a small adjustment to future P/E expectations, even as recent research highlights relatively healthy growth, strong margins and progress in reducing non food channel leakage.
New Narrative • Feb 26
A high-quality defensive business with limited growth but strong cash generation.
Coles Group (ASX: COL): A high-quality defensive business with limited growth but strong cash generation Coles is one of Australia’s dominant supermarket operators, generating most of its revenue from food and everyday essentials, a segment where demand remains relatively stable regardless of economic conditions. This makes the company a classic defensive business, supported by scale, a nationwide store network and strong private-label penetration.Analysis Article • Jan 09
Investor Optimism Abounds Coles Group Limited (ASX:COL) But Growth Is Lacking
Coles Group Limited's ( ASX:COL ) price-to-earnings (or "P/E") ratio of 26.1x might make it look like a sell right now...Analysis Article • Dec 19
Returns On Capital At Coles Group (ASX:COL) Have Hit The Brakes
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...Analysis Article • Nov 30
Coles Group Limited's (ASX:COL) Intrinsic Value Is Potentially 54% Above Its Share Price
Key Insights The projected fair value for Coles Group is AU$34.47 based on 2 Stage Free Cash Flow to Equity Coles...Analysis Article • Oct 31
Does Coles Group (ASX:COL) Have A Healthy Balance Sheet?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Sep 18
Coles Group Limited (ASX:COL) Investors Are Less Pessimistic Than Expected
When close to half the companies in Australia have price-to-earnings ratios (or "P/E's") below 20x, you may consider...Analysis Article • Aug 29
Coles Group (ASX:COL) Is Due To Pay A Dividend Of A$0.32
Coles Group Limited ( ASX:COL ) has announced that it will pay a dividend of A$0.32 per share on the 22nd of September...Narrative Update • Aug 27
Digital Expansion And Cost Optimization Will Strengthen Future Operations
The upward revision in Coles Group’s fair value reflects improved consensus expectations for both revenue growth and net profit margin, resulting in the analyst price target rising from A$21.49 to A$23.32. Valuation Changes Summary of Valuation Changes for Coles Group The Consensus Analyst Price Target has risen from A$21.49 to A$23.32.Analysis Article • Aug 24
A Look At The Fair Value Of Coles Group Limited (ASX:COL)
Key Insights Using the 2 Stage Free Cash Flow to Equity, Coles Group fair value estimate is AU$23.82 Current share...
New Narrative • Aug 12
Coles (ASX: COL): Safe, Steady, and Surprisingly Cheap
The supermarket chain Coles is the kind of “boring” business that may have been overlooked as an investment opportunity. Although it was divested from Wesfarmers in 2018, Coles’ heritage traces back tAnalysis Article • Aug 06
Coles Group (ASX:COL) Shareholders Will Want The ROCE Trajectory To Continue
ASX:COL 1 Year Share Price vs Fair Value Explore Coles Group's Fair Values from the Community and select yours To find...Analysis Article • Jul 02
These 4 Measures Indicate That Coles Group (ASX:COL) Is Using Debt Reasonably Well
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Analysis Article • Jun 02
Some Shareholders Feeling Restless Over Coles Group Limited's (ASX:COL) P/E Ratio
When close to half the companies in Australia have price-to-earnings ratios (or "P/E's") below 18x, you may consider...
New Narrative • Feb 09
Future Supply Chain Efficiency Will Improve Due To ADCs And CFCs Investments
Investments in digital assets and initiatives in distribution centers are expected to enhance e-commerce and supply chain efficiency, boosting revenue and reducing costs.Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, COL has been paying a dividend for less than 10 years.
Growing Dividend: COL's dividend payments have increased, but the company has only paid a dividend for 7 years.
Dividend Yield vs Market
| Coles Group Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (COL) | 3.4% |
| Market Bottom 25% (AU) | 2.9% |
| Market Top 25% (AU) | 6.8% |
| Industry Average (Consumer Retailing) | 3.4% |
| Analyst forecast (COL) (up to 3 years) | 4.2% |
Notable Dividend: COL's dividend (3.41%) is higher than the bottom 25% of dividend payers in the Australian market (2.86%).
High Dividend: COL's dividend (3.41%) is low compared to the top 25% of dividend payers in the Australian market (6.82%).
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (96.2%), COL's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (62.7%), COL's dividend payments are covered by cash flows.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/19 09:29 |
| End of Day Share Price | 2026/05/19 00:00 |
| Earnings | 2026/01/04 |
| Annual Earnings | 2025/06/29 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Coles Group Limited is covered by 21 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Thomas Kierath | Barrenjoey Markets Pty Limited |
| Jonathan Snape | Bell Potter |
| David Errington | BofA Global Research |