SmarterDividends
DRD

DRDGOLD Limited

DRD

Basic Materials · Gold · Stock · semiannual payer

$24.53

Overvalued · -21% Add to Portfolio

Forward Yield

4.21%

Annual Dividend

$1.03

Payout Ratio

19%

5-Yr Growth

-1.4%

Ex-Date

Sep 11, 2026

Frequency

Semiannual

Key facts about DRD's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 27, 2026, DRDGOLD Limited (DRD) has a forward dividend yield of 4.21%, based on an annual dividend of $1.03 per share and a share price of $24.53.
  • As of Oct 27, 2026, DRD's dividend safety grade from SmarterDividends is C (59 out of 100), which rates the dividend as borderline.
  • DRD last cut its regular dividend in 2023.
  • DRD's most recent ex-dividend date was Sep 11, 2026, for a dividend of $0.74 per share.
  • As of Oct 27, 2026, DRD pays out 19% of its trailing 12-month earnings as dividends (its payout ratio).
  • DRD's dividend has shrunk at an average rate of 1.4% a year over the past five years.
  • As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for DRD is $19.28 per share, 21% below the $24.53 share price, so DRD screens as overvalued.
  • DRDGOLD Limited (DRD) pays its dividend semiannual, 2 times a year.
Cite this page

SmarterDividends, "DRD Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/DRD

Summary

As of Oct 27, 2026, DRDGOLD Limited (DRD) yields 4.21% ($1.03 a year per share) and has a dividend safety grade of C (59/100).

Is DRD a good dividend stock?

Yes, with caveats

DRDGOLD Limited (DRD) pays a semiannual dividend yielding 4.21% ($1.03/yr), with 1 year of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Comfortable payout ratio (19%)
  • 160% total price return over 5 years

Risks

  • Cut its dividend in 2023
  • Dividend has been shrinking, not growing

Key Data

Dividend Yield
4.21%
Payout Ratio
19%
Annual Dividend
$1.03
5-Yr Avg Growth
-1.4%
Ex-Dividend Date
Sep 11, 2026
Years of Growth
1
Frequency
semiannual
Beta
0.47
Market Cap
$2.1B
P/E Ratio
8.5
5-Yr Total Return
160%
52-Week Range
$19.47 – $39.37
Dividend Safety
C · 59/100
Ever Cut?
Yes (2023)

DRD dividend changes

DRDGOLD Limited (DRD) pays a variable dividend: across the 30 payments on record since 2005, 14 were higher than the one before and 7 lower. The latest change was up 176.1% to $0.312 per share, going ex-dividend on Mar 13, 2026.

Ex-dateChangeOld → newMove
Mar 13, 2026Higher$0.113 → $0.312+176.1%
Mar 14, 2025Higher$0.106 → $0.163+53.8%
Sep 13, 2024Higher$0.111 → $0.113+1.8%
Mar 7, 2024Lower$0.133 → $0.106−20.3%
Mar 9, 2023Lower$0.272 → $0.111−59.2%
Mar 10, 2022Lower$0.207 → $0.133−35.7%
Mar 4, 2021Higher$0.149 → $0.272+82.6%
Sep 24, 2020Higher$0.168 → $0.207+23.2%
Jun 17, 2020Higher$0.136 → $0.149+9.6%
Mar 5, 2020Higher$0.0430 → $0.168+290.7%
Sep 26, 2019Higher$0.0390 → $0.136+248.7%
Mar 15, 2018Lower$0.0830 → $0.0430−48.2%
Every DRD payment →Download every raise and cut (CSV)
DRD ex-dividend date & scheduleNext ex-date Sep 11, 2026 · full ex-dividend historyView →DRD dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is DRD a good dividend stock?

Yes, with caveats. DRDGOLD Limited (DRD) pays a semiannual dividend yielding 4.21% ($1.03/yr), with 1 year of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Is DRD undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, DRD's fair value is about $19.28 versus a $24.53 share price — so it looks overvalued (-21% vs. fair value).

Is DRD's dividend safe?

DRD has a dividend-safety grade of C (59/100), based on its payout coverage, free-cash-flow, 1-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

What is DRD's fair value?

Our blended fair-value estimate for DRD is about $19.28 per share, about 21% below the current $24.53 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is DRD a buy, hold, or sell?

We don't issue formal ratings, but on the data DRD screens as "yes, with caveats" and overvalued. DRDGOLD Limited (DRD) pays a semiannual dividend yielding 4.21% ($1.03/yr), with 1 year of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will DRD cut its dividend?

DRD earns a dividend-safety grade of C (59/100), and has cut its dividend before (last in 2023). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does DRD pay a dividend?

Yes. DRDGOLD Limited pays a semiannual dividend of about $1.03 per share annually, a forward yield of roughly 4.21%.

What is DRD's dividend yield?

As of Oct 27, 2026, DRD's forward dividend yield is 4.21%, based on a $1.03 annual dividend and a $24.53 share price.

What is DRD's dividend per share?

As of Oct 27, 2026, DRD pays $1.03 per share per year, distributed on a semiannual basis.

What is DRD's dividend payout ratio?

As of Oct 27, 2026, DRD's payout ratio is 19% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has DRD grown its dividend?

As of Oct 27, 2026, DRD has increased its dividend for 1 consecutive years.

When is the next DRD ex-dividend date?

As of Oct 27, 2026, DRD's next ex-dividend date hasn't been announced. The most recent was Sep 11, 2026, for $0.74 per share.

Income Calculator

At $1.03 / yr per share

Per payment (semiannual)$51.50
Annual$103.00
Monthly avg$8.58

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