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Bytes Technology Group (JSE:BYI) Dividend Yield % : 1.54% (As of May. 11, 2024)


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What is Bytes Technology Group Dividend Yield %?

As of today (2024-05-11), the Trailing Annual Dividend Yield of Bytes Technology Group is 1.54%.

Good Sign:

Bytes Technology Group PLC stock dividend yield is close to 1-year high.

The historical rank and industry rank for Bytes Technology Group's Dividend Yield % or its related term are showing as below:

JSE:BYI' s Dividend Yield % Range Over the Past 10 Years
Min: 0.3   Med: 1.08   Max: 1.79
Current: 1.54

During the past 6 years, the highest Dividend Yield of Bytes Technology Group was 1.79%. The lowest was 0.30%. And the median was 1.08%.

JSE:BYI's Dividend Yield % is ranked worse than
53.89% of 939 companies
in the Software industry
Industry Median: 1.71 vs JSE:BYI: 1.54

Bytes Technology Group's Dividend Payout Ratio for the six months ended in Aug. 2023 was 0.48.

During the past 6 years, the highest Dividend Payout Ratio of Bytes Technology Group was 0.40. The lowest was 0.13. And the median was 0.25.

As of today (2024-05-11), the Forward Dividend Yield % of Bytes Technology Group is 1.54%.

Bytes Technology Group's Dividends per Share for the six months ended in Aug. 2023 was R1.27.

During the past 12 months, Bytes Technology Group's average Dividends Per Share Growth Rate was 21.00% per year.

The growth rate is calculated with least square regression.

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


Bytes Technology Group Dividend Yield % Historical Data

The historical data trend for Bytes Technology 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.

* Premium members only.

Bytes Technology Group Dividend Yield % Chart

Bytes Technology Group Annual Data
Trend Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Dividend Yield %
Get a 7-Day Free Trial - - - 0.43 1.51

Bytes Technology Group Semi-Annual Data
Feb18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23
Dividend Yield % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - 0.43 1.52 1.51 1.47

Competitive Comparison of Bytes Technology Group's Dividend Yield %

For the Software - Infrastructure subindustry, Bytes Technology 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.


Bytes Technology Group's Dividend Yield % Distribution in the Software Industry

For the Software industry and Technology sector, Bytes Technology Group's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Bytes Technology Group's Dividend Yield % falls into.



Bytes Technology Group Dividend Yield % Calculation

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

Bytes Technology Group Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
ZAR 0.6173592023-11-152023-11-172023-12-01Cash Dividendsemi-annuallyZAR:ZAR 1.000000
ZAR 1.2116022023-07-192023-07-212023-08-04Cash Dividendsemi-annuallyZAR: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.

Bytes Technology Group's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=1.828961/118.42
=1.54 %

Current Share Price is R118.42.
Bytes Technology Group's Dividends per Share for the trailing twelve months (TTM) ended in Today is R1.828961.

Bytes Technology Group's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=1.234718/118.42
=1.04 %

Current Share Price is R118.42.
Bytes Technology Group's Dividends per Share for the forward twelve months is calculated as R0.617359 * 2 = R1.234718.

* 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.


Bytes Technology Group  (JSE:BYI) 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.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


Bytes Technology Group Dividend Yield % Related Terms

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Bytes Technology Group (JSE:BYI) Business Description

Traded in Other Exchanges
Address
Randalls Way, Bytes House, Leatherhead, Surrey, GBR, KT22 7TW
Bytes Technology Group PLC provides IT solutions and services, offering software, hardware and cloud services. It enables effective and cost-efficient technology sourcing, adoption and management across software, security and cloud services. The company's brands include Bytes Software Services (BSS) and Phoenix Software. It generates a majority of its revenue from Software.

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