Absa Group Dividends and Buybacks
Dividend criteria checks 4/6
Absa Group is a dividend paying company with a current yield of 7.12% that is well covered by earnings.
Key information
7.1%
Dividend yield
0.7%
Buyback Yield
| Total Shareholder Yield | 7.8% |
| Future Dividend Yield | 9.1% |
| Dividend Growth | 2.0% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | R13.700 |
| Payout ratio | 60% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: ABG's dividend payments have been volatile in the past 10 years.
Growing Dividend: ABG's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Absa Group Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (ABG) | 7.1% |
| Market Bottom 25% (ZA) | 3.3% |
| Market Top 25% (ZA) | 7.7% |
| Industry Average (Banks) | 5.0% |
| Analyst forecast (ABG) (up to 3 years) | 9.1% |
Notable Dividend: ABG's dividend (7.12%) is higher than the bottom 25% of dividend payers in the ZA market (3.28%).
High Dividend: ABG's dividend (7.12%) is low compared to the top 25% of dividend payers in the ZA market (7.67%).
Current Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (59.9%), ABG's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ABG's dividends in 3 years are forecast to be covered by earnings (54.6% payout ratio).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 07:20 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
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 |
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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 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
Absa Group Limited is covered by 21 analysts. 7 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 |
|---|---|
| Johann Scholtz | Afrifocus Securities (Pty) Ltd. |
| Harry Botha | Anchor Stockbrokers Proprietary Limited |
| Jaap Meijer | Arqaam Capital Research Offshore S.A.L. |