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.
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.
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 Yield % Historical Data
The historical data trend for Coles Group's Dividend Yield % 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.
Competitive Comparison of Coles Group's Dividend Yield %
For the Grocery Stores subindustry, Coles Group's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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 Yield % Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Coles Group's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Coles Group's Dividend Yield % falls into.
Coles Group Dividend Yield % Calculation
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 0.360
2024-03-05
2024-03-06
2024-03-27
Cash Dividend
semi-annually
AUD:AUD 1.000000
AUD 0.300
2023-09-01
2023-09-04
2023-09-27
Cash Dividend
semi-annually
AUD: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 Trailing Annual Dividend Yield (%) for Today is calculated as
Trailing Annual 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.
Coles Group's Forward Annual Dividend Yield (%) for Today is calculated as
Forward Annual Dividend Yield
=
Forward Full Year Dividend
/
Current Share Price
=
0.72
/
16.27
=
4.43 %
Current Share Price is A$16.27. Coles Group's Dividends per Share for the forward twelve months is calculated as A$0.36 * 2 = A$0.72.
* 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 (ASX:COL) Dividend Yield % Explanation
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
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.
Thank you for viewing the detailed overview of Coles Group's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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