Woolworths Holdings Dividends and Buybacks
Dividend criteria checks 2/6
Woolworths Holdings is a dividend paying company with a current yield of 3.16%.
Key information
3.2%
Dividend yield
2.1%
Buyback Yield
| Total Shareholder Yield | 5.3% |
| Future Dividend Yield | 6.5% |
| Dividend Growth | -3.2% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Payout ratio | 103% |
Recent dividend and buyback updates
Analysis Article • Sep 06
Woolworths Holdings' (JSE:WHL) Dividend Will Be Reduced To ZAR0.81
Woolworths Holdings Limited ( JSE:WHL ) has announced that on 29th of September, it will be paying a dividend...Analysis Article • Mar 09
Woolworths Holdings (JSE:WHL) Is Reducing Its Dividend To ZAR1.07
Woolworths Holdings Limited ( JSE:WHL ) is reducing its dividend from last year's comparable payment to ZAR1.07 on the...Recent updates
Narrative Update • May 16
WHL: Interim Dividend And CEO Succession Will Support Future Upside Potential
Analysts have kept the Woolworths Holdings price target steady at ZAR60.33, with the smaller changes in discount rate, profit margin, and forward P/E assumptions seen as offsetting each other rather than shifting the overall valuation. What's in the News Group CEO Roy Bagattini plans to step down as Group CEO with effect from 31 May 2026 and retire from the company at the end of September 2026, following more than six years in the role (Key Developments).Narrative Update • Apr 23
WHL: Interim Dividend Payout Will Underpin Future Upside Confidence
Analysts now place their price target for Woolworths Holdings at ZAR60.33, slightly below the prior ZAR61.40. This reflects updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E multiples.Narrative Update • Apr 09
WHL: Interim Dividend And CEO Succession Will Support Future Upside Confidence
Analysts have slightly reduced their price target for Woolworths Holdings to ZAR61.40 from about ZAR61.51, reflecting updated assumptions for discount rates, revenue growth, profit margins and future P/E levels, while keeping the overall valuation view broadly consistent. What's in the News Group CEO Roy Bagattini plans to step down as Group CEO with effect from May 31, 2026, and retire from Woolworths Holdings at the end of September 2026, following more than six years with the group.Narrative Update • Mar 26
WHL: Interim Dividend And Leadership Transition Will Support Future Upside Confidence
Analysts have nudged their price target for Woolworths Holdings slightly lower from ZAR61.90 to about ZAR61.51. This reflects modest tweaks to assumptions on the discount rate, revenue growth, profit margins and future P/E expectations.Narrative Update • Mar 10
WHL: Higher Interim Dividend Will Support Confidence In Future Upside Potential
Analysts have slightly trimmed their fair value estimate for Woolworths Holdings from ZAR62.01 to ZAR61.90. This reflects updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations.Narrative Update • Feb 24
WHL: Interim Earnings Guidance Will Support Confidence In Future Upside Potential
Analysts have kept their ZAR price target for Woolworths Holdings broadly in line with prior views, as only minor model adjustments around the discount rate, revenue growth, profit margin and assumed future P/E have been made rather than a fundamental change in outlook. What's in the News Woolworths Holdings issued earnings guidance for the 26 weeks ended 28 December 2025, giving investors an early view of expected interim performance (Key Developments).Narrative Update • Feb 10
WHL: Interim Earnings Guidance Will Underpin Confidence In Long Term Upside Potential
Analysts have nudged their fair value estimate for Woolworths Holdings slightly lower from R62.12 to R62.01. They point to updated assumptions around the discount rate, revenue growth, profit margin and future P/E as the key drivers of this fine tuning.Narrative Update • Jan 26
WHL: Higher Major Shareholder Stake Will Support Steady Long Term Outlook
Analysts have nudged their price target for Woolworths Holdings higher, with fair value moving from R60.68 to R62.12. This reflects slightly adjusted assumptions on the discount rate, long term revenue growth, profit margins and future P/E expectations.Narrative Update • Jan 12
WHL: Rising Major Shareholder Stake Will Support Stable Outlook
Analysts have nudged their fair value estimate for Woolworths Holdings slightly higher to A$60.68 from A$60.64, reflecting modest tweaks to assumptions around the discount rate, revenue growth, profit margins and future P/E multiples. What's in the News Public Investment Corporation Limited acquired an additional minority stake in Woolworths Holdings Limited (JSE:WHL) on October 30, 2025, taking its holding to 20.04% of the total issued ordinary shares (Key Developments).Narrative Update • Nov 11
WHL: Increased Institutional Ownership Signals Stronger Performance Ahead
Analysts have raised their price target for Woolworths Holdings from R58.15 to R60.64, citing stronger expectations for revenue growth even though there is a modest dip in profit margin projections. What's in the News Public Investment Corporation Limited increased its shareholding in Woolworths Holdings to 20.04% after acquiring an additional minority stake on October 30, 2025 (Key Developments).Analysis Article • Oct 27
Investors Will Want Woolworths Holdings' (JSE:WHL) Growth In ROCE To Persist
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...Analysis Article • Oct 04
Here's Why Woolworths Holdings (JSE:WHL) Has A Meaningful Debt Burden
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Analysis Article • Sep 10
There May Be Some Bright Spots In Woolworths Holdings' (JSE:WHL) Earnings
The market for Woolworths Holdings Limited's ( JSE:WHL ) shares didn't move much after it posted weak earnings...Analysis Article • Sep 06
Woolworths Holdings' (JSE:WHL) Dividend Will Be Reduced To ZAR0.81
Woolworths Holdings Limited ( JSE:WHL ) has announced that on 29th of September, it will be paying a dividend...Analysis Article • Jun 14
Returns At Woolworths Holdings (JSE:WHL) Are On The Way Up
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Analysis Article • May 30
Subdued Growth No Barrier To Woolworths Holdings Limited's (JSE:WHL) Price
Woolworths Holdings Limited's ( JSE:WHL ) price-to-earnings (or "P/E") ratio of 17.8x might make it look like a strong...Analysis Article • Apr 07
Is Woolworths Holdings (JSE:WHL) A Risky Investment?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Analysis Article • Mar 09
Woolworths Holdings (JSE:WHL) Is Reducing Its Dividend To ZAR1.07
Woolworths Holdings Limited ( JSE:WHL ) is reducing its dividend from last year's comparable payment to ZAR1.07 on the...Analysis Article • Mar 08
Analysts Have Made A Financial Statement On Woolworths Holdings Limited's (JSE:WHL) Half-Year Report
Shareholders might have noticed that Woolworths Holdings Limited ( JSE:WHL ) filed its half-yearly result this time...
New Narrative • Feb 09
Acquisition Of Absolute Pets And Investments In FBH Will Drive Future Operational Efficiencies
Strategic acquisitions and investments in the pet care and Foods sectors are expected to enhance market share, revenue, and margins for Woolworths Holdings.Analysis Article • Jan 09
Returns On Capital At Woolworths Holdings (JSE:WHL) Have Hit The Brakes
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Analysis Article • Dec 05
We Think Woolworths Holdings (JSE:WHL) Is Taking Some Risk With Its Debt
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Analysis Article • Nov 19
Increases to Woolworths Holdings Limited's (JSE:WHL) CEO Compensation Might Cool off for now
Key Insights Woolworths Holdings will host its Annual General Meeting on 25th of November Salary of R19.4m is part of...Analysis Article • Oct 19
Investors Still Waiting For A Pull Back In Woolworths Holdings Limited (JSE:WHL)
With a price-to-earnings (or "P/E") ratio of 22.9x Woolworths Holdings Limited ( JSE:WHL ) may be sending very bearish...Analysis Article • Aug 16
Woolworths Holdings (JSE:WHL) Is Achieving High Returns On Its Capital
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Analysis Article • Jul 11
Woolworths Holdings Limited's (JSE:WHL) Shareholders Might Be Looking For Exit
With a price-to-earnings (or "P/E") ratio of 14.8x Woolworths Holdings Limited ( JSE:WHL ) may be sending very bearish...Analysis Article • May 03
Is Woolworths Holdings (JSE:WHL) A Risky Investment?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Analysis Article • Mar 28
Why The 24% Return On Capital At Woolworths Holdings (JSE:WHL) Should Have Your Attention
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...Analysis Article • Feb 09
Subdued Growth No Barrier To Woolworths Holdings Limited's (JSE:WHL) Price
When close to half the companies in South Africa have price-to-earnings ratios (or "P/E's") below 8x, you may consider...Analysis Article • Jan 21
Here's Why Woolworths Holdings (JSE:WHL) Has Caught The Eye Of Investors
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Analysis Article • Dec 01
Why The 25% Return On Capital At Woolworths Holdings (JSE:WHL) Should Have Your Attention
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...Analysis Article • Nov 16
We Think Some Shareholders May Hesitate To Increase Woolworths Holdings Limited's (JSE:WHL) CEO Compensation
Key Insights Woolworths Holdings to hold its Annual General Meeting on 22nd of November CEO Roy Bagattini's total...Analysis Article • Oct 31
Woolworths Holdings Limited's (JSE:WHL) Share Price Could Signal Some Risk
With a price-to-earnings (or "P/E") ratio of 15.9x Woolworths Holdings Limited ( JSE:WHL ) may be sending very bearish...Analysis Article • Oct 01
Here's Why We Think Woolworths Holdings (JSE:WHL) Might Deserve Your Attention Today
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Stability and Growth of Payments
Fetching dividends data
Stable Dividend: WHL's dividend payments have been volatile in the past 10 years.
Growing Dividend: WHL's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| Woolworths Holdings Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (WHL) | 3.2% |
| Market Bottom 25% (ZA) | 3.0% |
| Market Top 25% (ZA) | 7.7% |
| Industry Average (Multiline Retail) | 1.5% |
| Analyst forecast (WHL) (up to 3 years) | 6.5% |
Notable Dividend: WHL's dividend (3.16%) is higher than the bottom 25% of dividend payers in the ZA market (3.02%).
High Dividend: WHL's dividend (3.16%) is low compared to the top 25% of dividend payers in the ZA market (7.67%).
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (102.7%), WHL's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (41.2%), WHL's dividend payments are well covered by cash flows.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/21 14:00 |
| End of Day Share Price | 2026/05/20 00:00 |
| Earnings | 2025/12/28 |
| Annual Earnings | 2025/06/29 |
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 |
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| 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.
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 Github.
Analyst Sources
Woolworths Holdings Limited is covered by 21 analysts. 9 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 |
|---|---|
| Darren Cohn | Absa Bank Limited |
| Michael Malkoun | Arqaam Capital Research Offshore S.A.L. |
| Uluntu Ndamase | Avior Capital Markets |