Is merafe resources stock good for dividends?

**Merafe Resources (MRF) is a good stock for dividends based on its current dividend yield and history.** Here's why: 1. **High Dividend Yield**: Merafe Resources has a current dividend yield of 28.57% as of the most recent financial statement. This indicates a significant return on investment from dividends alone, without considering stock price appreciation. 2. **Biannual Dividend Payments**: Merafe Resources pays biannually dividends, in September and April, which provides a regular income stream for investors. 3. **Stable Dividend History**: Merafe Resources has a history of paying dividends, with the most recent payment being 42 cents per share, and a yield of 29.81%. This demonstrates a stable and consistent approach to dividend distribution. 4. **Sustainable Dividend**: The dividend yield for Merafe Resources is well-covered by earnings, with a forward annual payout ratio of 29.81%. This suggests that the company is retaining a reasonable amount of earnings for growth and is not overextending its finances to pay dividends. 5. **Financial Health**: The company's financial performance shows a stable net income and total revenue over the past few years, indicating a strong financial health and the ability to sustain and potentially increase dividend payments. 6. **Future Prospects**: Merafe Resources has a dividend growth rate of 5.00% annually, indicating a potential for continued dividend growth. In conclusion, based on the available information, Merafe Resources is a good stock for dividends with a high yield, biannual payments, stable history, sustainable payout ratio, and strong financial health. However, investors should consider their individual investment goals and risk tolerance before making any investment decisions.