Coles Group (ASX:COL) Dividend Payout Ratio : 0.68 (As of Dec. 2023)

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What is Coles Group Dividend Payout Ratio?

Coles Group's dividend payout ratio for the months ended in Dec. 2023 was 0.68.

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.

The historical rank and industry rank for Coles Group's Dividend Payout Ratio or its related term are showing as below:

ASX:COL' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.76 Med: 0.79 Max: 0.87
Current: 0.87

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.

ASX:COL's Dividend Payout Ratio is ranked worse than
86.74% of 181 companies
in the Retail - Defensive industry
Industry Median: 0.32 vs ASX:COL: 0.87

As of today (2024-04-29), the Dividend Yield % of Coles Group is 4.02%.

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

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

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.

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.

The growth rate is calculated with least square regression.

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

Coles Group Dividend Payout Ratio Historical Data

The historical data trend for Coles Group's Dividend Payout Ratio can be seen below:

* 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.

* Premium members only.

Coles Group Dividend Payout Ratio Chart

Coles Group Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Dividend Payout Ratio

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0.76

0.81

0.78

0.85

Coles Group Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial						0.68	0.88	0.65	1.13	0.68

Competitive Comparison of Coles Group's Dividend Payout Ratio

For the Grocery Stores subindustry, Coles Group's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Coles Group's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Coles Group's Dividend Payout Ratio falls into.

Coles Group Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Coles Group's Dividend Payout Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Jun. 2023 )	/	EPS without NRI (A: Jun. 2023 )
	=	0.66	/	0.773
	=	0.85

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

Coles Group (ASX:COL) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Coles Group Dividend Payout Ratio Related Terms

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Coles Group (ASX:COL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Coles Group Ltd (ASX:COL) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

CLEGF:USA 2OF:Germany

Address

800-838 Toorak Road, Hawthorn East, Melbourne, VIC, AUS, 3123

Website

https://www.colesgroup.com.au

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.