FirstRand, a prominent South African financial services group, stands as a dynamic force in the global banking industry. With a rich history and a focus on innovation, FirstRand provides a wide range of financial products and services, including banking, insurance, and asset management, catering to the diverse needs of customers worldwide.
• Firstrand announced a SemiAnnual dividend of $1.04955 per ordinary share which will be made payable on 2024-04-17. Ex dividend date: 2024-03-27
• Firstrand annual dividend for 2023 was $2.05
• Firstrand dividend growth for 2022 - 2023 was -25.95%
• Typically, Firstrand pays dividends two times
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 27-03-2024 | $ 1.05 | SemiAnnual | 17-04-2024 |
| 12-10-2023 | $ 1.02 | SemiAnnual | 31-10-2023 |
| 30-03-2023 | $ 1.03 | SemiAnnual | 18-04-2023 |
| 13-10-2022 | $ 1.75 | Other | 01-11-2022 |
| 31-03-2022 | $ 1.02 | SemiAnnual | 19-04-2022 |
| 14-10-2021 | $ 1.04 | SemiAnnual | 02-11-2021 |
| 31-03-2021 | $ 0.74 | Other | 21-04-2021 |
| 02-04-2020 | $ 0.90 | SemiAnnual | 21-04-2020 |
| 26-09-2019 | $ 1.01 | SemiAnnual | 15-10-2019 |
| 04-04-2019 | $ 0.96 | SemiAnnual | 23-04-2019 |
| 04-10-2018 | $ 0.99 | SemiAnnual | 23-10-2018 |
| 28-03-2018 | $ 1.10 | SemiAnnual | 18-04-2018 |
| 05-10-2017 | $ 1.05 | SemiAnnual | 24-10-2017 |
| 29-03-2017 | $ 0.89 | SemiAnnual | 18-04-2017 |
| 05-10-2016 | $ 0.83 | SemiAnnual | 25-10-2016 |
| 30-03-2016 | $ 0.73 | SemiAnnual | 19-04-2016 |
| 07-10-2015 | $ 0.85 | SemiAnnual | 27-10-2015 |
| 25-03-2015 | $ 0.76 | SemiAnnual | 14-04-2015 |
| 08-10-2014 | $ 0.87 | SemiAnnual | 28-10-2014 |
| 26-03-2014 | $ 0.71 | SemiAnnual | 15-04-2014 |
| 09-10-2013 | $ 0.82 | Other | 29-10-2013 |
Are you planning on buying Firstrand? Calculate your expected dividend yield:
FirstRand Limited, a prominent South African financial institution, maintains a conservative dividend policy that prioritizes financial stability and sustainable growth. The bank typically targets a dividend payout ratio of around 40-50% of earnings, ensuring a balance between rewarding shareholders and retaining capital for reinvestment and future contingencies. This approach has enabled FirstRand to weather economic fluctuations effectively and consistently deliver dividends to its investors. By emphasizing prudence and adaptability, FirstRand’s dividend policy underscores its commitment to long-term shareholder value and upholding the confidence of its investors in the ever-evolving financial landscape.
Other factors to consider when evaluating Firstrand as a dividend stock include its dividend yield, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company’s ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Firstrand’s board of directors reviews the company’s financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Firstrand publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Firstrand distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder’s brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Firstrand are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction’s tax regulations.
1. Record Date: Firstrand sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Firstrand distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder’s brokerage account or bank account.
3. Currency: Company-Name declares the currency in which the dividend will be paid. Depending on the shareholder’s location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Firstrand’s dividend, it is crucial to analyze the company’s financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company’s future earnings, cash flow projections, and management’s commitment to dividend policies can provide valuable insights.
It is recommended to review Firstrand’s financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company’s financial situation.
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