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Afric Industries (CAS:AFI) 5-Year Dividend Growth Rate : 1.10% (As of Dec. 2023)


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What is Afric Industries 5-Year Dividend Growth Rate?

Afric Industries's Dividends per Share for the six months ended in Dec. 2023 was MAD20.00.

During the past 12 months, Afric Industries's average Dividends Per Share Growth Rate was -9.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 1.10% 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.

During the past 8 years, the highest 3-Year average Dividends Per Share Growth Rate of Afric Industries was 10.10% per year. The lowest was 3.20% per year. And the median was 3.20% per year.

Afric Industries's Dividend Payout Ratio for the six months ended in Dec. 2023 was 2.11. As of today, Afric Industries's Dividend Yield % is 6.16%.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Afric Industries SA is 1.31, which seems too high.

Warning Sign:

Afric Industries SA stock dividend yield is close to 5-year low.

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


Competitive Comparison of Afric Industries's 5-Year Dividend Growth Rate

For the Furnishings, Fixtures & Appliances subindustry, Afric Industries's 5-Year Dividend Growth Rate, along with its competitors' market caps and 5-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.


Afric Industries's 5-Year Dividend Growth Rate Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Afric Industries's 5-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Afric Industries's 5-Year Dividend Growth Rate falls into.



Afric Industries 5-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 least square regression.

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.


Afric Industries  (CAS:AFI) 5-Year Dividend Growth Rate Explanation

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

Afric Industries'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 )
=20/ 9.464
=2.11

During the past 8 years, the highest Dividend Payout Ratio of Afric Industries was 1.39. The lowest was 0.65. And the median was 1.04.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Afric Industries SA is 1.31, which seems too high.

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

Afric Industries Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
MAD 20.0000002023-07-212023-07-202023-07-31Cash DividendannuallyMAD:MAD 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.

Afric Industries's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=20/324.90
=6.16 %

Current Share Price is MAD324.90.
Afric Industries's Dividends per Share for the trailing twelve months (TTM) ended in Today is MAD20.

During the past 8 years, the highest Dividend Yield of Afric Industries was 7.71%. The lowest was 4.89%. And the median was 6.44%.

Warning Sign:

Afric Industries SA 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.


Afric Industries 5-Year Dividend Growth Rate Related Terms

Thank you for viewing the detailed overview of Afric Industries's 5-Year Dividend Growth Rate provided by GuruFocus.com. Please click on the following links to see related term pages.


Afric Industries (CAS:AFI) Business Description

Traded in Other Exchanges
N/A
Address
Route de Tetouan, Lot 107, Zone Industrielle, Tangier, MAR, BP 368
Afric Industries SA is engaged in the development, production and marketing of abrasive products of all shapes and contents. It is also engaged in the manufacturing and sale of tapes and adhesive and self-adhesive tapes; manufacturing, assembling, glazing, installation and marketing of all types of joinery and finished aluminum products and other materials; purchase, sale, import, export, manufacturing, processing, assembly, installation laying of all equipments, materials, tools, accessories, raw materials and spare parts.

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