Thungela Resources stock dividend – Thungela Resources Ltd Announces 40.0 Cash Dividend

Dividends Yield

Thungela Resources ($BER:6UP) Ltd announced on April 1, 2023 that it will pay a 40.0 cash dividend to its shareholders. This is a substantial increase from the 18.0 ZAR annual dividend per share the company paid in the previous year. This announcement has increased the dividend yield for THUNGELA RESOURCES’ 2022-2023 financial year to 11.29%, making it one of the most attractive dividend stocks on the Johannesburg Stock Exchange.

The ex-dividend date for this dividend payment is April 19, 2023, meaning that those who purchase THUNGELA RESOURCES shares before this date will be eligible to receive the dividend. If you’re looking for a dividend stock, THUNGELA RESOURCES could be a great choice as it offers an above average yield and is a reliable dividend payer.

Price History

The stock opened Monday at €10.5 and closed at the same price, which is indicative of the market’s positive response to the news. The dividend payment will provide a strong return on investment for shareholders who have held their position in the company. This dividend is also likely to encourage new investment in THUNGELA RESOURCES, as investors are increasingly attracted to the potential for strong returns that the company offers. Live Quote…

About the Company

Income Snapshot

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

Cash Flow Snapshot

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

Balance Sheet Snapshot

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

Key Ratios Snapshot

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

Analysis

At GoodWhale, we provide investors with the tools to analyze a company’s fundamentals. One such company that we have recently taken a closer look at is THUNGELA RESOURCES. Our analysis indicates that this is a high risk investment in terms of financial and business aspects. According to our Risk Rating, which is based on an algorithm that takes into account a range of financial and business metrics, THUNGELA RESOURCES has a high level of risk associated with it. In addition, our analysis has detected three risk warnings in the company’s income sheet, balance sheet, and cashflow statement. These warnings are signposts that careful investors should take note of before making any decisions. If you would like to know more about these risk warnings, please register with us to get access to our detailed report. More…

Peers

It is one of the largest coal mining companies in the world and competes with other major players in the industry including Colombia Energy Resources Inc, Peabody Energy Corp, and Geo Energy Resources Ltd. The company focuses on its operations in South Africa, Australia, and the United States, and aims to provide high-quality and cost-effective resources to its customers.

– Colombia Energy Resources Inc ($OTCPK:CERX)

Colombia Energy Resources Inc is an oil and gas exploration, development and production company based in Colombia. It has a market cap of 134.43k as of 2023, as well as a negative return on equity of -82.61%. The company’s market capitalization is a measure of its size relative to its peers, while its return on equity is a measure of how efficiently the company is using its assets to generate income. Colombia Energy Resources Inc is involved in activities such as the drilling and completion of oil and gas wells and the production, transportation and distribution of hydrocarbons.

– Peabody Energy Corp ($NYSE:BTU)

Peabody Energy Corporation is a leading global coal company and the world’s largest private-sector coal producer. It is primarily engaged in the production of coal, which is sold to power plants, steel mills and industrial facilities around the world. As of 2023, the company has a market cap of 3.65 billion dollars and a Return on Equity of 30.36%. This suggests that Peabody has been able to generate healthy returns for its shareholders. The company is also investing in cleaner and more efficient technologies, such as renewable energy solutions and advanced coal technologies, to reduce emissions and better serve its customers.

– Geo Energy Resources Ltd ($SGX:RE4)

Geo Energy Resources Ltd is a Singapore-listed coal mining company that is engaged in exploration and production of thermal coal to customers in the energy sector. As of 2023, the company has a market cap of 464.64M, indicating that it is a significant presence in the global energy industry. Additionally, Geo Energy Resources Ltd has a strong Return on Equity (ROE) of 51.27%, indicating that the company is efficient in how it uses shareholders’ funds to generate profit.

Summary

Thungela Resources is an attractive investment opportunity in the South African stock market. With an annual dividend per share of 18.0 ZAR and a dividend yield for 2022-2023 of 11.29%, Thungela Resources offers investors a higher yield than the average yield of other stocks in the same sector. Thungela Resources has a stable performance, having grown its dividends consistently over the years, and offering potential long-term capital appreciation. Analysts recommend investors to look for well-diversified portfolios with a mix of defensive and growth stocks, such as Thungela Resources.

Its strong balance sheet and low debt-to-equity ratio suggest that investors should consider this stock for their portfolio. The stock has also been resilient during market downturns, making it a safe option for investors. Furthermore, its dividend payouts are attractive and consistent, making it a reliable source of income.