Absa Group Dividend
Dividend criteria checks 5/6
Absa Group is a dividend paying company with a current yield of 9.94% that is well covered by earnings. Next payment date is on 22nd April, 2024 with an ex-dividend date of 17th April, 2024.
Key information
9.9%
Dividend yield
57%
Payout ratio
| Industry average yield | 5.8% |
| Next dividend pay date | 22 Apr 24 |
| Ex dividend date | 17 Apr 24 |
| Dividend per share | n/a |
| Earnings per share | R23.99 |
| Dividend yield forecast in 3Y | 13.2% |
Recent dividend 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) | 9.9% |
| Market Bottom 25% (ZA) | 4.1% |
| Market Top 25% (ZA) | 9.4% |
| Industry Average (Banks) | 5.8% |
| Analyst forecast in 3 Years (ABG) | 13.2% |
Notable Dividend: ABG's dividend (9.94%) is higher than the bottom 25% of dividend payers in the ZA market (4.01%).
High Dividend: ABG's dividend (9.94%) is in the top 25% of dividend payers in the ZA market (9.34%)
Current Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (57.1%), 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 (55.1% payout ratio).