Thungela Resources is a dividend paying company with a current yield of 16.41% 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
16.4%
Dividend yield
53%
Payout ratio
Industry average yield
10.3%
Next dividend pay date
22 Apr 24
Ex dividend date
17 Apr 24
Dividend per share
n/a
Earnings per share
R37.71
Dividend yield forecast in 3Y
19.2%
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: TGA has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: TGA's dividend payments have increased, but the company has only paid a dividend for 2 years.
Dividend Yield vs Market
Thungela Resources Dividend Yield vs Market
How does TGA dividend yield compare to the market?
Segment
Dividend Yield
Company (TGA)
16.4%
Market Bottom 25% (ZA)
3.8%
Market Top 25% (ZA)
8.9%
Industry Average (Oil and Gas)
10.3%
Analyst forecast in 3 Years (TGA)
19.2%
Notable Dividend: TGA's dividend (16.41%) is higher than the bottom 25% of dividend payers in the ZA market (3.74%).
High Dividend: TGA's dividend (16.41%) is in the top 25% of dividend payers in the ZA market (8.97%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (53.1%), TGA's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (52.5%), TGA's dividend payments are covered by cash flows.