Harmony Gold Mining Company Limited
HGMCFBasic Materials · Stock · semiannual payer
Forward Yield
3.79%
Annual Dividend
$0.79
Payout Ratio
15%
5-Yr Growth
—
Ex-Date
Oct 7, 2026
Frequency
Semiannual
Summary
As of September 2026, Harmony Gold Mining Company Limited (HGMCF) yields 3.79% ($0.79 per share annually), with a blended fair-value estimate of $16.58 — -20% downside, so it screens as overvalued. Dividend safety grade: C (52/100). 3 years of dividend growth.
Is HGMCF a good dividend stock?
MixedHarmony Gold Mining Company Limited (HGMCF) pays a semiannual dividend yielding 3.79% ($0.79/yr), with 3 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Comfortable payout ratio (15%)
- 552% total price return over 5 years
Risks
- Cut its dividend in 2021
Key Data
- Dividend Yield
- 3.79%
- Payout Ratio
- 15%
- Annual Dividend
- $0.79
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Oct 7, 2026
- Years of Growth
- 3
- Frequency
- semiannual
- Beta
- 0.79
- Market Cap
- $13.0B
- P/E Ratio
- 7.3
- 5-Yr Total Return
- 552%
- 52-Week Range
- $13.23 – $25.65
- Dividend Safety
- C · 52/100
- Ever Cut?
- Yes (2021)
Frequently Asked Questions
HGMCF Price — Last 12 Months
Daily close
Price Return
1 Year
+13%
3 Years
+421%
5 Years
+552%
52-Week Range
$13.23 – $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 $16.58 per share, versus a market price of $20.85. That implies 20% of downside.
Fair Value
$16.58
Current Price
$20.85
Downside
-20%
Margin of Safety
-26%
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: 8.3% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $2.91 EPS, $0.79 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
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 |
|---|---|---|---|
| Apr 22, 2026 | — | $0.3220 | regular |
| Apr 9, 2025 | — | $0.1150 | regular |
| Oct 9, 2024 | — | $0.0540 | regular |
| Apr 10, 2024 | — | $0.0800 | regular |
| Oct 11, 2023 | — | $0.0390 | regular |
| Oct 12, 2022 | — | $0.0120 | regular |
| Apr 6, 2022 | — | $0.0270 | regular |
| Oct 13, 2021 | — | $0.0180 | regular |
| Apr 14, 2021 | — | $0.0760 | regular |
| Oct 11, 2017 | — | $0.0260 | regular |
| Mar 15, 2017 | — | $0.0380 | regular |
| Sep 14, 2016 | — | $0.0350 | regular |
Income Calculator
At $0.79 / yr per share
