Argent Industrial (JSE:ART) 3-Year Dividend Growth Rate : 0.00% (As of Sep. 2023)

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What is Argent Industrial 3-Year Dividend Growth Rate?

Argent Industrial's Dividends per Share for the six months ended in Sep. 2023 was R0.50.

The historical rank and industry rank for Argent Industrial's 3-Year Dividend Growth Rate or its related term are showing as below:

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Argent Industrial was 51.80% per year. The lowest was -50.50% per year. And the median was 13.20% per year.

JSE:ART's 3-Year Dividend Growth Rate is not ranked ^*
in the Steel industry.
Industry Median: 18.6
* Ranked among companies with meaningful 3-Year Dividend Growth Rate only.

During the past 12 months, Argent Industrial's average Dividends Per Share Growth Rate was 126.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Argent Industrial's Dividend Payout Ratio for the six months ended in Sep. 2023 was 0.23. As of today, Argent Industrial's Dividend Yield % is 5.02%.

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

Competitive Comparison of Argent Industrial's 3-Year Dividend Growth Rate

For the Steel subindustry, Argent Industrial's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate 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.

Argent Industrial's 3-Year Dividend Growth Rate Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Argent Industrial's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Argent Industrial's 3-Year Dividend Growth Rate falls into.

Argent Industrial 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Argent Industrial (JSE:ART) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Argent Industrial's Dividend Payout Ratio for the quarter that ended in Sep. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Sep. 2023 )	/	EPS without NRI (Q: Sep. 2023 )
	=	0.5	/	2.227
	=	0.22

During the past 13 years, the highest Dividend Payout Ratio of Argent Industrial was 0.37. The lowest was 0.01. And the median was 0.25.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Argent Industrial Recent Full-Year* Dividend History

Amount	Ex-date	Record Date	Pay Date	Type	Frequency	Forex Rate
ZAR 0.550000	2023-12-12	2023-12-14	2023-12-18	Cash Dividend	semi-annually	ZAR:ZAR 1.000000
ZAR 0.500000	2023-07-19	2023-07-21	2023-07-24	Cash Dividend	semi-annually	ZAR:ZAR 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.

Argent Industrial's Dividend Yield (%) for Today is calculated as

Dividend Yield %	=	Most Recent Full Year Dividend	/	Current Share Price
	=	1.05	/	20.90
	=	5.02 %

Current Share Price is R20.90.
Argent Industrial's Dividends per Share for the trailing twelve months (TTM) ended in Today is R1.05.

During the past 13 years, the highest Dividend Yield of Argent Industrial was 6.11%. The lowest was 1.65%. And the median was 3.93%.

* 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.

Argent Industrial 3-Year Dividend Growth Rate Related Terms>

Argent Industrial (JSE:ART) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Argent Industrial Ltd (JSE:ART) » Definitions » 3-Year Dividend Growth Rate

Comparable Companies

Traded in Other Exchanges

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Address

First Floor, Ridge 63, 8 Sinembe Crescent, Sinembe Park, PO Box 5108, La Lucia Ridge Office Estate, Durban, NL, ZAF, 4019

Website

https://www.argent.co.za

Argent Industrial Ltd is a holding company that derives its income from the manufacturing and trading of steel and steel-related products, and properties. The company is organized into three operating divisions, namely Manufacturing, Steel trading, and Properties. The Manufacturing segment consists of manufacturing branded consumer goods. The steel trading segment makes up of ferrous steel, aluminum, and stainless steel products. Steel products are also traded internally to the group manufacturing businesses. The group charges rent for the properties. The company generates a majority of its revenue from manufacturing businesses. Geographically, it derives a majority of its revenue from South Africa and has a presence in the rest of the world.

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