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Mineral Resources (ASX:MIN) Dividend Payout Ratio : 0.25 (As of Dec. 2023)


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What is Mineral Resources Dividend Payout Ratio?

Mineral Resources's dividend payout ratio for the months ended in Dec. 2023 was 0.25.

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

ASX:MIN' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.09   Med: 0.58   Max: 0.98
Current: 0.63

During the past 13 years, the highest Dividend Payout Ratio of Mineral Resources was 0.98. The lowest was 0.09. And the median was 0.58.

ASX:MIN's Dividend Payout Ratio is ranked worse than
66.67% of 261 companies
in the Metals & Mining industry
Industry Median: 0.43 vs ASX:MIN: 0.63

As of today (2024-05-08), the Dividend Yield % of Mineral Resources is 1.16%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Mineral Resources was 10.97%. The lowest was 1.06%. And the median was 3.42%.

Mineral Resources's Dividends per Share for the months ended in Dec. 2023 was A$0.70.

During the past 12 months, Mineral Resources's average Dividends Per Share Growth Rate was 90.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 59.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 38.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 18.20% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Mineral Resources was 80.40% per year. The lowest was -20.10% per year. And the median was 30.25% per year.

The growth rate is calculated with least square regression.

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

Mineral Resources Dividend Payout Ratio Historical Data

The historical data trend for Mineral Resources'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.

Mineral Resources Dividend Payout Ratio Chart

Mineral Resources Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.59 0.09 0.26 0.93 0.98

Mineral Resources Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.62 - 0.49 5.53 0.25

Competitive Comparison of Mineral Resources's Dividend Payout Ratio

For the Other Industrial Metals & Mining subindustry, Mineral Resources'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.

Mineral Resources's Dividend Payout Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Mineral Resources's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Mineral Resources's Dividend Payout Ratio falls into.


Mineral Resources Dividend Payout Ratio Calculation

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

Mineral Resources'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 )
=2.2/ 2.249
=0.98

Mineral Resources'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 )
=0.7/ 2.797
=0.25

* 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.

Mineral Resources (ASX:MIN) 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.

Mineral Resources Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Mineral Resources's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Mineral Resources (ASX:MIN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mineral Resources Ltd (ASX:MIN) » Definitions » Dividend Payout Ratio
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ASX:S32 ASX:PLS ASX:LYC ASX:IGO ASX:NIC ASX:ILU ASX:LTR ASX:DRR ASX:BOE ASX:AZS ASX:BHP ASX:RIO LSE:RIO LSE:GLEN BSP:VALE3 ASX:FMG SAU:1211 GMEXICOB LSE:AAL TSX:TECK.B
Traded in Other Exchanges
MALRY:USA MALRF:USA F5J:Germany F5J:Germany
Address
20 Walters Drive, Osborne Park, Applecross, Western Australia, WA, AUS, 6017
Website
https://www.mineralresources.com.au
Mineral Resources listed on the ASX in 2006 following the merger of three mining services businesses. The subsidiary companies were previously owned by managing director Chris Ellison, who remains a large shareholder despite selling down. Operations include iron ore and lithium mining, iron ore crushing and screening services for third parties, and engineering and construction for mining companies. Mining and contracting activity is focused in Western Australia.