Thungela Resources Dividends and Buybacks
Dividend criteria checks 4/6
Thungela Resources is a dividend paying company with a current yield of 57.73% that is well covered by earnings.
Key information
57.7%
Dividend yield
0.9%
Buyback Yield
| Total Shareholder Yield | 58.6% |
| Future Dividend Yield | 7.5% |
| Dividend Growth | n/a |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Payout ratio | 79% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Too early to tell whether TGA N's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if TGA N's dividend payments are increasing as they only just started paying a dividend.
Dividend Yield vs Market
| Thungela Resources Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (TGA N) | 57.7% |
| Market Bottom 25% (MX) | 2.5% |
| Market Top 25% (MX) | 6.8% |
| Industry Average (Oil and Gas) | 15.8% |
| Analyst forecast (TGA N) (up to 3 years) | 7.5% |
Notable Dividend: TGA N's dividend (57.73%) is higher than the bottom 25% of dividend payers in the MX market (2.31%).
High Dividend: TGA N's dividend (57.73%) is in the top 25% of dividend payers in the MX market (7.29%)
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (78.7%), TGA N's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (61.6%), TGA N's dividend payments are covered by cash flows.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/06/13 19:01 |
| End of Day Share Price | 2023/03/16 00:00 |
| Earnings | 2022/12/31 |
| Annual Earnings | 2022/12/31 |
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 |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| 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 here.
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 .
Analyst Sources
Thungela Resources Limited is covered by 7 analysts. 6 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 |
|---|---|
| Ephrem Ravi | Citigroup Inc |
| Nkateko Mathonsi | Investec Bank Limited (SA) |
| Brian Morgan | Morgan Stanley |