The historical rank and industry rank for Deterra Royalties's 3-Year Dividend Growth Rate or its related term are showing as below:
ASX:DRR's 3-Year Dividend Growth Rate is not ranked *
in the Metals & Mining industry.
Industry Median: 22.05 * Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
During the past 12 months, Deterra Royalties's average Dividends Per Share Growth Rate was -14.50% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Deterra Royalties Ltd is 0.91, which seems too high.
For more information regarding to dividend, please check our Dividend Page.
Competitive Comparison of Deterra Royalties's 3-Year Dividend Growth Rate
For the Other Industrial Metals & Mining subindustry, Deterra Royalties's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Deterra Royalties's 3-Year Dividend Growth Rate Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Deterra Royalties's 3-Year Dividend Growth Rate distribution charts can be found below:
* The bar in red indicates where Deterra Royalties's 3-Year Dividend Growth Rate falls into.
This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
During the past 3 years, the highest Dividend Payout Ratio of Deterra Royalties was 1.18. The lowest was 0.14. And the median was 0.69.
Warning Sign:
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Deterra Royalties Ltd is 0.91, which seems too high.
2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.
Deterra Royalties Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
AUD 0.148900
2024-02-22
2024-02-23
2024-03-21
Cash Dividend
semi-annually
AUD:AUD 1.000000
AUD 0.168500
2023-08-22
2023-08-23
2023-09-19
Cash Dividend
semi-annually
AUD:AUD 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
Deterra Royalties's Dividend Yield (%) for Today is calculated as
Current Share Price is A$4.63.
Deterra Royalties's Dividends per Share for the trailing twelve months (TTM) ended in Today is A$0.3174.
During the past 3 years, the highest Dividend Yield of Deterra Royalties was 7.93%. The lowest was 0.51%. And the median was 5.10%.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Deterra Royalties 3-Year Dividend Growth Rate Related Terms>
Deterra Royalties was spun out from Iluka Resources in October 2020 with Iluka retaining a 20% interest. Its only material income generating asset is a royalty covering iron ore produced by BHP from the Mining Area C royalty area, located in the Pilbara region of Western Australia. The royalty area includes the North Flank mine, producing approximately 60 million metric tons of iron ore a year, and the South Flank mine, expected to add a further 85 million metric tons a year by 2024 after producing first ore in 2021. The MAC royalty area also covers most of the Tandanya and Mudlark deposits, which BHP intends to develop in the longer term as part of its plan to operate the MAC production hub for at least 50 years. Deterra's strategy is to grow into a diversified royalty company.
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