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Coles Group (ASX:COL) 3-Year Dividend Growth Rate : 6.90% (As of Dec. 2023)


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What is Coles Group 3-Year Dividend Growth Rate?

Coles Group's Dividends per Share for the six months ended in Dec. 2023 was A$0.30.

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

ASX:COL' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 6.9   Med: 6.9   Max: 6.9
Current: 6.9

During the past 6 years, the highest 3-Year average Dividends Per Share Growth Rate of Coles Group was 6.90% per year. The lowest was 6.90% per year. And the median was 6.90% per year.

ASX:COL's 3-Year Dividend Growth Rate is ranked worse than
53.33% of 135 companies
in the Retail - Defensive industry
Industry Median: 7.4 vs ASX:COL: 6.90

During the past 12 months, Coles Group's average Dividends Per Share Growth Rate was 4.80% per year. During the past 3 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.

Coles Group's Dividend Payout Ratio for the six months ended in Dec. 2023 was 0.68. As of today, Coles Group's Dividend Yield % is 4.02%.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Coles Group Ltd is 0.87, which seems too high.

Good Sign:

Coles Group Ltd stock dividend yield is close to 5-year high.

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


Competitive Comparison of Coles Group's 3-Year Dividend Growth Rate

For the Grocery Stores subindustry, Coles Group'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.


Coles Group's 3-Year Dividend Growth Rate Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Coles Group's 3-Year Dividend Growth Rate distribution charts can be found below:

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



Coles Group 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.


Coles Group  (ASX:COL) 3-Year Dividend Growth Rate Explanation

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

Coles Group'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 )
=0.3/ 0.442
=0.68

During the past 6 years, the highest Dividend Payout Ratio of Coles Group was 0.87. The lowest was 0.76. And the median was 0.79.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Coles Group Ltd is 0.87, which seems too high.

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

Coles Group Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
AUD 0.3602024-03-052024-03-062024-03-27Cash Dividendsemi-annuallyAUD:AUD 1.000000
AUD 0.3002023-09-012023-09-042023-09-27Cash Dividendsemi-annuallyAUD: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.

Coles Group's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=0.66/16.27
=4.06 %

Current Share Price is A$16.27.
Coles Group's Dividends per Share for the trailing twelve months (TTM) ended in Today is A$0.66.

During the past 6 years, the highest Dividend Yield of Coles Group was 4.36%. The lowest was 2.82%. And the median was 3.44%.

Good Sign:

Coles Group Ltd stock dividend yield is close to 5-year high.

* 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.


Coles Group 3-Year Dividend Growth Rate Related Terms>


Coles Group (ASX:COL) Business Description

Traded in Other Exchanges
Address
800-838 Toorak Road, Hawthorn East, Melbourne, VIC, AUS, 3123
Coles Group Limited is one of Australia's largest retailers, operating the second-largest supermarket chain behind market leader Woolworths, and is the country's third-largest liquor retailer. The group has an extensive store network of about 2,500 store outlets and roughly 80% of Australian live within a 10-minute drive from their nearest Coles store. The retailer employs some 110,000 people, who process over 20 million individual customer transactions a week. This compares with Woolworths processing almost 30 million customer transactions per week from Australia's population of 25 million.

Coles Group (ASX:COL) Headlines

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