DRDGOLD Limited
DRDBasic Materials · Stock · semiannual payer
Forward Yield
2.97%
Annual Dividend
$0.59
Payout Ratio
19%
5-Yr Growth
-1.4%
Ex-Date
Mar 13, 2026
Frequency
Semiannual
Summary
As of July 2026, DRDGOLD Limited (DRD) yields 2.97% ($0.59 per share annually), with a blended fair-value estimate of $11.53 — -42% downside, so it screens as overvalued. Dividend safety grade: C (63/100). 1 years of dividend growth.
Is DRD a good dividend stock?
Yes, with caveatsDRDGOLD Limited (DRD) pays a semiannual dividend yielding 2.97% ($0.59/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%)
- 102% total price return over 5 years
Risks
- Cut its dividend in 2023
- Dividend has been shrinking, not growing
Key Data
- Dividend Yield
- 2.97%
- Payout Ratio
- 19%
- Annual Dividend
- $0.59
- 5-Yr Avg Growth
- -1.4%
- Ex-Dividend Date
- Mar 13, 2026
- Years of Growth
- 1
- Frequency
- semiannual
- Beta
- 0.47
- Market Cap
- $1.7B
- P/E Ratio
- 12.7
- 5-Yr Total Return
- 102%
- 52-Week Range
- $13.25 – $39.37
- Dividend Safety
- C · 63/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
DRD Price — Last 12 Months
Daily close
Price Return
1 Year
+8%
3 Years
+95%
5 Years
+102%
52-Week Range
$13.25 – $39.37
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is DRD worth?
Overvaluedmedium confidenceOur blended fair-value estimate for DRDGOLD Limited is $11.53 per share, versus a market price of $19.90. That implies 42% of downside.
Fair Value
$11.53
Current Price
$19.90
Downside
-42%
Margin of Safety
-73%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model -5.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $1.57 EPS, $0.59 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
DRD Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Mar 13, 2026 | — | $0.3120 | regular |
| Mar 14, 2025 | — | $0.1630 | regular |
| Sep 13, 2024 | — | $0.1130 | regular |
| Mar 7, 2024 | — | $0.1060 | regular |
| Sep 14, 2023 | — | $0.3460 | regular |
| Mar 9, 2023 | — | $0.1110 | regular |
| Sep 22, 2022 | — | $0.2380 | regular |
| Mar 10, 2022 | — | $0.1330 | regular |
| Sep 22, 2021 | — | $0.2820 | regular |
| Mar 4, 2021 | — | $0.2720 | regular |
| Sep 24, 2020 | — | $0.2070 | regular |
| Jun 17, 2020 | — | $0.1490 | regular |
| Mar 5, 2020 | — | $0.1680 | regular |
| Sep 26, 2019 | — | $0.1360 | regular |
Income Calculator
At $0.59 / yr per share
