Grindrod Limited

JSE:GND Stock Report

Market Cap: R17.3b

Grindrod Dividends and Buybacks

Dividend criteria checks 0/6

Grindrod is a dividend paying company with a current yield of 1.86%.

Key information

1.9%

Dividend yield

0.08%

Buyback Yield

Total Shareholder Yield1.9%
Future Dividend Yield3.5%
Dividend Growth12.6%
Next dividend pay daten/a
Ex dividend daten/a
Dividend per sharen/a
Payout ratio16%

Recent dividend and buyback updates

Recent updates

Narrative Update Jun 06

GND: New Shareholder Entry Will Sustain Rich Pricing And Cap Near-Term Upside

Analysts have kept their ZAR fair value estimate for Grindrod steady at about ZAR22.30 per share, with only marginal technical adjustments to inputs such as the discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Coronation Asset Management Proprietary Ltd.
Narrative Update May 10

GND: Strong EPS Guidance And New Shareholder Support Will Shape Balanced Returns

Grindrod’s analyst price target has been revised to ZAR22.30 per share, with analysts attributing this updated view to a slightly lower discount rate and marginally reduced forward P/E assumptions. What's in the News Coronation Asset Management Proprietary Ltd.
Narrative Update Apr 21

GND: Strong 2025 EPS Guidance Will Support Balanced Medium Term Return Potential

Analysts have kept their ZAR price target for Grindrod broadly in line with prior views. The updated fair value holds at about ZAR22.30, as small model refinements to the discount rate, revenue growth outlook, profit margin assumptions and future P/E result in a largely unchanged valuation picture.
Narrative Update Apr 05

GND: Strong 2025 EPS Guidance Will Support Further Upside Potential

Grindrod's analyst price target has been adjusted slightly lower to ZAR22.30 from ZAR22.70, reflecting analysts' fine tuning of fair value and P/E assumptions rather than a change in the core outlook. What's in the News Grindrod issued earnings guidance for the year ending 31 December 2025, giving a clearer view of expected profitability for the period (company guidance).
Narrative Update Mar 22

GND: Strong 2025 EPS Guidance Will Support Further Upside Potential

Analysts have updated their view on Grindrod with a refreshed price target of ZAR22.70 per share, reflecting revised assumptions for profit margins, revenue growth and future P/E expectations. What's in the News Grindrod issued earnings guidance for the year ending 31 December 2025, setting an expected EPS range of 306.3 to 313.8 cents.
Narrative Update Mar 08

GND: Strong 2025 Earnings Guidance Will Support Further Upside Potential

Analysts have kept their ZAR price target for Grindrod broadly steady at around ZAR22.00, as a slightly higher discount rate and future P/E assumptions offset softer revenue growth and profit margin expectations in their updated models. What's in the News Grindrod issued earnings guidance for the year ending 31 December 2025, giving the market more clarity on expected performance for the period.
Narrative Update Feb 21

GND: Earnings Guidance Surge Will Support Future Upside Potential

Analysts have kept their ZAR fair value estimate for Grindrod unchanged at around ZAR22.00 per share, citing only small tweaks to assumptions such as discount rate, revenue growth, profit margin and expected future P/E as the basis for maintaining their price view. What's in the News Grindrod issued earnings guidance for the year ending 31 December 2025, giving the market a clearer view of management expectations for the next reporting period (Key Developments).
Narrative Update Feb 07

GND: Steady Assumptions And Discount Rate Shift Will Support Future Upside Potential

Analysts have kept their price target for Grindrod steady at R22.00, citing largely unchanged assumptions on revenue growth, profit margins and future P/E, along with a slightly adjusted discount rate in their valuation work. Valuation Changes Fair Value: Fair value per share is kept unchanged at R22.00.
Narrative Update Jan 24

GND: Stable Assumptions And Steady Fair Value Will Support Future Upside Potential

Analysts have kept their fair value estimate for Grindrod steady at R22.00 per share, attributing this to only very small tweaks in their discount rate, revenue growth, profit margin and future P/E assumptions that do not materially change the overall valuation story. Valuation Changes Fair Value: Kept unchanged at R22.00 per share, with the updated figure aligned to R22.0. Discount Rate: Adjusted slightly from 17.259717% to 17.26525614083472%, reflecting a very small change in the required return assumption.
Narrative Update Jan 08

GND: Upcoming CEO Transition And Stable Assumptions Will Support Upside Potential

Analysts have kept their fair value estimate for Grindrod steady at R22.00. A slightly lower discount rate and a marginally reduced future P/E assumption support the updated price target narrative.
Narrative Update Dec 24

GND: New Leadership And Lower Risk Profile Will Support Upside Potential

Analysts have raised their price target on Grindrod from R18.50 to R22.00, citing a lower perceived risk profile reflected in a reduced discount rate, slightly more resilient margin expectations, and support from a richer projected earnings multiple despite marginally softer long term revenue growth assumptions. What's in the News Grindrod Limited appointed Kwazi Mabaso as CEO, effective 1 December 2025, succeeding Xolani Mbambo after a comprehensive external search process (Key Developments).
Narrative Update Aug 30

Maputo Port Upgrades And Richards Bay Expansion Will Improve Future Capacity

Grindrod’s consensus price target has been raised to ZAR18.50, reflecting modest improvements in both net profit margin and future P/E ratio. What's in the News Xolani Mbambo is stepping down as Group Chief Executive Officer of Grindrod Limited effective 31 December 2025.
User avatar
New Narrative Feb 09

Maputo Port Upgrades And Richards Bay Expansion Will Improve Future Capacity

Redeploying locomotives and infrastructure investments in South Africa could enhance asset utilization, revenue, and future earnings.

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: GND is not paying a notable dividend for the ZA market, therefore no need to check if payments are stable.

Growing Dividend: GND is not paying a notable dividend for the ZA market, therefore no need to check if payments are increasing.


Dividend Yield vs Market

Grindrod Dividend Yield vs Market
How does GND dividend yield compare to the market?
SegmentDividend Yield
Company (GND)1.9%
Market Bottom 25% (ZA)3.2%
Market Top 25% (ZA)7.7%
Industry Average (Infrastructure)2.5%
Analyst forecast (GND) (up to 3 years)3.5%

Notable Dividend: GND's dividend (1.86%) isn’t notable compared to the bottom 25% of dividend payers in the ZA market (3.24%).

High Dividend: GND's dividend (1.86%) is low compared to the top 25% of dividend payers in the ZA market (7.72%).


Earnings Payout to Shareholders

Earnings Coverage: GND is not paying a notable dividend for the ZA market.


Cash Payout to Shareholders

Cash Flow Coverage: GND is not paying a notable dividend for the ZA market.


Discover strong dividend paying companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/11 03:11
End of Day Share Price 2026/06/10 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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

Grindrod Limited is covered by 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mpho MokotsoAvior Capital Markets
Kenneth HearnBarclays
Rowan GoellerChronux Research