Harmony Gold Mining Company Limited
HGMCFBasic Materials · Gold · Stock · semiannual payer
Forward Yield
3.98%
Annual Dividend
$0.77
Payout Ratio
15%
5-Yr Growth
—
Ex-Date
Oct 7, 2026
Frequency
Semiannual
Key facts about HGMCF's dividend
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, Harmony Gold Mining Company Limited (HGMCF) has a forward dividend yield of 3.98%, based on an annual dividend of $0.77 per share and a share price of $19.45.
- As of Oct 27, 2026, HGMCF's dividend safety grade from SmarterDividends is D (48 out of 100), which rates the dividend as unsafe.
- By SmarterDividends' count, Harmony Gold Mining Company Limited (HGMCF) has raised its dividend for 3 consecutive years as of Oct 27, 2026.
- HGMCF last cut its regular dividend in 2021.
- HGMCF's most recent ex-dividend date was Oct 7, 2026, for a dividend of $0.45 per share.
- As of Oct 27, 2026, HGMCF pays out 15% of its trailing 12-month earnings as dividends (its payout ratio).
- As of Oct 27, 2026, HGMCF's 3.98% yield is 209% above its five-year average yield of 1.29%.
- As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for HGMCF is $16.19 per share, 17% below the $19.45 share price, so HGMCF screens as overvalued.
- Harmony Gold Mining Company Limited (HGMCF) pays its dividend semiannual, 2 times a year.
- Harmony Gold Mining Company Limited (HGMCF) has raised its regular dividend 4 times and cut it 1 time across the 13 payments on record since 2016. Its most recent change was a 496.3% increase to $0.322 per share, going ex-dividend on Apr 22, 2026. The last cut went ex-dividend on Oct 12, 2022.
Cite this page
SmarterDividends, "HGMCF Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/HGMCF
Summary
As of Oct 27, 2026, Harmony Gold Mining Company Limited (HGMCF) yields 3.98% ($0.77 a year per share), has a dividend safety grade of D (48/100) and has 3 consecutive years of dividend increases on record.
Is HGMCF a good dividend stock?
MixedHarmony Gold Mining Company Limited (HGMCF) pays a semiannual dividend yielding 3.98% ($0.77/yr), with 3 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Comfortable payout ratio (15%)
- 548% total price return over 5 years
Risks
- Cut its dividend in 2021
- Below-average dividend safety score
Key Data
- Dividend Yield
- 3.98%
- Payout Ratio
- 15%
- Annual Dividend
- $0.77
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Oct 7, 2026
- Years of Growth
- 3
- Frequency
- semiannual
- Beta
- 0.79
- Market Cap
- $12.2B
- P/E Ratio
- 7.1
- 5-Yr Total Return
- 548%
- 52-Week Range
- $14.54 – $25.65
- Dividend Safety
- D · 48/100
- Ever Cut?
- Yes (2021)
HGMCF dividend raises and cuts
Harmony Gold Mining Company Limited (HGMCF) has raised its regular dividend 4 times and cut it 1 time across the 13 payments on record since 2016. Its most recent change was a 496.3% increase to $0.322 per share, going ex-dividend on Apr 22, 2026. The last cut went ex-dividend on Oct 12, 2022.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Apr 22, 2026 | Raise | $0.0540 → $0.322 | +496.3% |
| Apr 9, 2025 | Raise | $0.0390 → $0.115 | +194.9% |
| Oct 9, 2024 | Raise | $0.0120 → $0.0540 | +350.0% |
| Oct 11, 2023 | Raise | $0.0270 → $0.0390 | +44.4% |
| Oct 12, 2022 | Cut | $0.0180 → $0.0120 | −33.3% |
Frequently Asked Questions
Is HGMCF a good dividend stock?
Mixed. Harmony Gold Mining Company Limited (HGMCF) pays a semiannual dividend yielding 3.98% ($0.77/yr), with 3 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Is HGMCF undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, HGMCF's fair value is about $16.19 versus a $19.45 share price — so it looks overvalued (-17% vs. fair value).
Is HGMCF's dividend safe?
HGMCF has a dividend-safety grade of D (48/100), based on its payout coverage, free-cash-flow, 3-year growth streak, a dividend cut in 2021, debt and yield-versus-history.
What is HGMCF's fair value?
Our blended fair-value estimate for HGMCF is about $16.19 per share, about 17% below the current $19.45 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is HGMCF a buy, hold, or sell?
We don't issue formal ratings, but on the data HGMCF screens as "mixed" and overvalued. Harmony Gold Mining Company Limited (HGMCF) pays a semiannual dividend yielding 3.98% ($0.77/yr), with 3 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.
Will HGMCF cut its dividend?
HGMCF earns a dividend-safety grade of D (48/100), and has cut its dividend before (last in 2021). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does HGMCF pay a dividend?
Yes. Harmony Gold Mining Company Limited pays a semiannual dividend of about $0.77 per share annually, a forward yield of roughly 3.98%.
What is HGMCF's dividend yield?
As of Oct 27, 2026, HGMCF's forward dividend yield is 3.98%, based on a $0.77 annual dividend and a $19.45 share price.
What is HGMCF's dividend per share?
As of Oct 27, 2026, HGMCF pays $0.77 per share per year, distributed on a semiannual basis.
What is HGMCF's dividend payout ratio?
As of Oct 27, 2026, HGMCF's payout ratio is 15% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has HGMCF grown its dividend?
As of Oct 27, 2026, HGMCF has increased its dividend for 3 consecutive years.
When is the next HGMCF ex-dividend date?
As of Oct 27, 2026, HGMCF's next ex-dividend date hasn't been announced. The most recent was Oct 7, 2026, for $0.45 per share.
HGMCF Price — Last 12 Months
Daily close
Price Return
1 Year
+15%
3 Years
+327%
5 Years
+548%
52-Week Range
$14.54 – $25.65
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is HGMCF worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Harmony Gold Mining Company Limited is $16.19 per share, versus a market price of $19.45. That implies 17% of downside.
Fair Value
$16.19
Current Price
$19.45
Downside
-17%
Margin of Safety
-20%
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 0.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.2% discount rate (CAPM), 0.0% growth for five years fading to 2.5% over the next five, $2.74 EPS, $0.77 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
HGMCF Dividend Safety Score
Risky
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
Full HGMCF dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Oct 7, 2026 | Oct 12, 2026 | $0.4540 | regular |
| Apr 22, 2026 | — | $0.3220 | regular |
| Apr 9, 2025 | — | $0.1150 | regular |
| Oct 9, 2024 | — | $0.0540 | regular |
| Apr 10, 2024 | Apr 15, 2024 | $0.0800 | regular |
| Oct 11, 2023 | Oct 16, 2023 | $0.0390 | regular |
| Oct 12, 2022 | Oct 17, 2022 | $0.0120 | regular |
| Apr 6, 2022 | Apr 11, 2022 | $0.0270 | regular |
| Oct 13, 2021 | Oct 18, 2021 | $0.0180 | regular |
| Apr 14, 2021 | — | $0.0760 | regular |
| Oct 11, 2017 | Oct 16, 2017 | $0.0260 | regular |
| Mar 15, 2017 | Mar 20, 2017 | $0.0380 | regular |
| Sep 14, 2016 | Sep 19, 2016 | $0.0350 | regular |
Income Calculator
At $0.77 / yr per share
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