EB9 stock dividend – African Rainbow Minerals Ltd Announces 14.0 Cash Dividend

March 19, 2023

Dividends Yield

On March 8 2023, African Rainbow Minerals ($BER:EB9) Ltd announced an 14.0 cash dividend. This dividend is an attractive investment option for investors looking for a dividend-yielding stock. The annual dividend per share has been 32.0 ZAR in the last three years, with a yield of 12.12% each year.

This means that on average, investors have earned 12.12% in dividends each year. The ex-dividend date for the next dividend payment is March 29 2023, making it the perfect time to invest in AFRICAN RAINBOW MINERALS if you are looking for a reliable dividend-yielding stock.

Price History

At the same time, the company’s stock opened at €12.8 and closed at €13.3, a rise of 2.3% from its prior closing price of 13.0. This news is likely to have a positive effect on the future stock performance of ARM, as shareholders are encouraged by the prospect of receiving a cash dividend. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for EB9. More…

    Total Revenues Net Income Net Margin
    18.59k 12.92k 64.7%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for EB9. More…

    Operations Investing Financing
    4.74k -6.38k -611
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for EB9. More…

    Total Assets Total Liabilities Book Value Per Share
    60.6k 9.04k 239.35
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for EB9 are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    22.0% 84.4% 98.5%
    FCF Margin ROE ROA
    8.5% 24.6% 18.9%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis – EB9 Intrinsic Stock Value

    As GoodWhale, we conducted an analysis of AFRICAN RAINBOW MINERALS’s wellbeing and found that the fair value of its share is around €14.1 according to our proprietary Valuation Line. However, the stock is currently traded at €13.3, which indicates that it is undervalued by 5.9%. Our analysis has helped to identify that this is an opportune time to purchase AFRICAN RAINBOW MINERALS stock. With this information, investors can make an informed decision on how to maximize their returns. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis
  • Peers

    ARM is a major player in the African mining sector and competes with some of the world’s largest mining companies, such as Vale SA, Boliden AB and Antofagasta PLC. ARM’s primary focus is on the production of iron ore, coal, manganese, chrome, nickel, copper and other metals, as well as the extraction of minerals such as phosphates and fluorspar.

    – Vale SA ($BER:CVLC)

    Vale SA is a Brazilian multinational corporation engaged in metals and mining. It is the largest producer of iron ore and nickel in the world. The company has a market capitalization of 66.27 billion as of 2023 and has a Return on Equity of 37.42%, which indicates that the company is doing well and is earning a healthy return from its investments. Vale SA is also a major producer of precious metals, aluminum, coal and other minerals, with operations in over 30 countries. The company is well-positioned to benefit from rising demand for raw materials in the global economy and is a major player in the mining sector.

    – Boliden AB ($OTCPK:BDNNY)

    Boliden AB is a Swedish-based mining and smelting company, focusing on the production of copper, zinc, lead, gold, and silver. As of 2023, the company has a market cap of 9.94 billion dollars and a Return on Equity (ROE) of 17.45%. The large market cap of Boliden reflects the confidence of investors in the company’s strong operational performance and its ability to generate consistent returns. The high ROE shows that the company is able to generate more returns from its existing assets than its peers. As a result, Boliden has become one of Sweden’s most valuable and respected mining companies.

    – Antofagasta PLC ($LSE:ANTO)

    Antofagasta PLC is a copper mining and production company based in Chile. It has a strong presence throughout the copper mining industry, both in Chile and abroad. As of 2023, it had a market cap of 14.24B and return on equity of 20.66%. This indicates that the company is performing well financially, as it is able to generate a profitable return on their invested capital. It also indicates that the company is trading at a higher than average price level, indicating that investors are bullish about its future prospects.


    African Rainbow Minerals (ARM) is an attractive investment option for those seeking a dividend yield. ARM has consistently delivered a dividend of 32.0 ZAR per share for the past three years, with an average yield of 12.12%. The company’s financials have remained strong over the period, ensuring the dividend has been maintained. Investors should consider the company’s performance, prospects and other factors before making a decision to invest in ARM. Analyzing the current trend of the stock market and macroeconomic environment can also help to inform any investment decisions.

    Additionally, investors should be mindful of any potential risks associated with the company, such as commodity price fluctuations and currency risk.

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