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Afrocentric Investment (JSE:ACT) 3-Year Dividend Growth Rate : -20.60% (As of Dec. 2023)


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What is Afrocentric Investment 3-Year Dividend Growth Rate?

Afrocentric Investment's Dividends per Share for the six months ended in Dec. 2023 was R0.00.

The historical rank and industry rank for Afrocentric Investment's 3-Year Dividend Growth Rate or its related term are showing as below:

JSE:ACT' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -20.6   Med: 6.85   Max: 28
Current: -20.6

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Afrocentric Investment was 28.00% per year. The lowest was -20.60% per year. And the median was 6.85% per year.

JSE:ACT's 3-Year Dividend Growth Rate is ranked worse than
90.6% of 149 companies
in the Healthcare Providers & Services industry
Industry Median: 13.2 vs JSE:ACT: -20.60

During the past 12 months, Afrocentric Investment's average Dividends Per Share Growth Rate was -100.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -20.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -7.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 6.90% 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.

Afrocentric Investment's Dividend Payout Ratio for the six months ended in Dec. 2023 was 0.00. As of today, Afrocentric Investment's Dividend Yield % is 3.89%.

Warning Sign:

Afrocentric Investment Corp Ltd stock dividend yield is close to 5-year low.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of Afrocentric Investment's 3-Year Dividend Growth Rate

For the Medical Care Facilities subindustry, Afrocentric Investment'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.


Afrocentric Investment's 3-Year Dividend Growth Rate Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Afrocentric Investment's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Afrocentric Investment's 3-Year Dividend Growth Rate falls into.



Afrocentric Investment 3-Year Dividend Growth Rate Calculation

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.


Afrocentric Investment  (JSE:ACT) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Afrocentric Investment's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0/ 20.91
=0.00

During the past 13 years, the highest Dividend Payout Ratio of Afrocentric Investment was 0.94. The lowest was 0.01. And the median was 0.59.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Afrocentric Investment Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
ZAR 0.1100002024-05-082024-05-102024-05-13Cash Dividendsemi-annuallyZAR:ZAR 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.

Afrocentric Investment's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=0.11/2.83
=3.89 %

Current Share Price is R2.83.
Afrocentric Investment's Dividends per Share for the trailing twelve months (TTM) ended in Today is R0.11.

During the past 13 years, the highest Dividend Yield of Afrocentric Investment was 11.58%. The lowest was 2.19%. And the median was 5.61%.

Warning Sign:

Afrocentric Investment Corp Ltd stock dividend yield is close to 5-year low.

* 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.


Afrocentric Investment 3-Year Dividend Growth Rate Related Terms>


Afrocentric Investment (JSE:ACT) Business Description

Traded in Other Exchanges
N/A
Address
37 Conrad Road, Florida North, Roodepoort, ZAF, 1709
Afrocentric Investment Corp Ltd is a black-owned investment holding company with an investment portfolio focused on services to the healthcare sector. It seeks to invest in healthcare-related businesses that demonstrate prospects for growth as well as diversify its revenue sources while contributing to the sustainable health and welfare of South African communities. The company provides health administration and health risk management solutions to the healthcare industry. It also provides a range of complementary services to its traditional medical scheme clients and a portfolio of healthcare-related enterprises. These services include information technology solutions, transactional switching, specialized disease management, pharmaceutical wholesaling, amongst others.

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