Kumba Iron Ore is a renowned South African mining company, a subsidiary of Anglo American. With a rich history dating back to 1944, Kumba is a leading producer of high-quality iron ore, primarily mined from the vast Sishen and Kolomela mines in the Northern Cape region. Their commitment to sustainable practices and responsible mining has established them as a key player in the global iron ore industry.
• Kumba Iron Ore announced a SemiAnnual dividend of $0.42521 per ordinary share which will be made payable on 2024-03-28. Ex dividend date: 2024-03-14
• Kumba Iron Ore annual dividend for 2023 was $0.69
• Kumba Iron Ore dividend growth for 2022 - 2023 was -44.59%
• Typically, Kumba Iron Ore pays dividends two times
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 14-03-2024 | $ 0.43 | SemiAnnual | 28-03-2024 |
| 17-08-2023 | $ 0.40 | SemiAnnual | 31-08-2023 |
| 16-03-2023 | $ 0.29 | SemiAnnual | 30-03-2023 |
| 18-08-2022 | $ 0.56 | SemiAnnual | 01-09-2022 |
| 17-03-2022 | $ 0.68 | SemiAnnual | 01-04-2022 |
| 19-08-2021 | $ 1.64 | SemiAnnual | 02-09-2021 |
| 11-03-2021 | $ 0.95 | SemiAnnual | 25-03-2021 |
| 20-08-2020 | $ 0.38 | SemiAnnual | 03-09-2020 |
| 12-03-2020 | $ 0.36 | SemiAnnual | 26-03-2020 |
| 15-08-2019 | $ 0.73 | SemiAnnual | 29-08-2019 |
| 14-03-2019 | $ 0.38 | SemiAnnual | 28-03-2019 |
| 16-08-2018 | $ 0.37 | SemiAnnual | 30-08-2018 |
| 08-03-2018 | $ 0.42 | SemiAnnual | 22-03-2018 |
| 16-08-2017 | $ 0.40 | SemiAnnual | 31-08-2017 |
| 11-03-2015 | $ 0.22 | SemiAnnual | 26-03-2015 |
| 13-08-2014 | $ 0.49 | SemiAnnual | 28-08-2014 |
| 12-03-2014 | $ 0.62 | SemiAnnual | 27-03-2014 |
| 14-08-2013 | $ 0.69 | SemiAnnual | 29-08-2013 |
| 13-03-2013 | $ 0.47 | SemiAnnual | 28-03-2013 |
| 15-08-2012 | $ 0.76 | SemiAnnual | 30-08-2012 |
| 14-03-2012 | $ 0.97 | SemiAnnual | 29-03-2012 |
| 17-08-2011 | $ 1.07 | SemiAnnual | 01-09-2011 |
| 16-03-2011 | $ 0.95 | SemiAnnual | 01-04-2011 |
| 18-08-2010 | $ 0.59 | SemiAnnual | 02-09-2010 |
| 10-03-2010 | $ 0.32 | SemiAnnual | 25-03-2010 |
Are you planning on buying Kumba Iron Ore? Calculate your expected dividend yield:
Kumba Iron Ore, a South African mining company, has established a prudent dividend policy that balances rewarding shareholders with ensuring financial stability. The company, a subsidiary of Anglo American, traditionally pays out a substantial portion of its profits as dividends, providing investors with consistent income. However, Kumba also considers the cyclical nature of the mining industry and maintains flexibility in its payouts to preserve cash for operational needs and expansion. This approach safeguards against commodity price fluctuations and allows Kumba to invest in sustainable growth. The dividend policy reflects Kumba’s commitment to delivering value to shareholders while responsibly managing its resources in a dynamic market.
Other factors to consider when evaluating Kumba Iron Ore 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: Kumba Iron Ore’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, Kumba Iron Ore 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, Kumba Iron Ore 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 Kumba Iron Ore 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: Kumba Iron Ore 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, Kumba Iron Ore 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 Kumba Iron Ore’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 Kumba Iron Ore’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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