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) | 2.6% |
| Market Top 25% (MX) | 7.1% |
| Industry Average (Oil and Gas) | 14.2% |
| 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.