The 5 Best Dividend Paying Shares on the JSE revealed. We did a lot of research to find out which JSE-listed firms are now paying out the most dividends.
This is a complete guide to the 5 Best Dividend-Paying Shares on the JSE.
In this in-depth guide you’ll learn:
- Why do companies pay dividends?
- 5 Best Dividend-Paying Shares on the JSE
- Factors to Consider Before Buying Stocks
- The Best Share Brokers in South Africa
And lots more…
So, if you’re ready to go “all in” with the 5 Best Dividend Paying Shares on the JSE.
Let’s dive right in…
5 Best Dividend Paying Shares on the JSE Revealed (2025):
- ☑️The Spar Group Ltd (JSE: SPP)
- ☑️HomeChoice International Plc (JSE: HIL)
- ☑️Foschini Group Limited (JSE: TFG)
- ☑️Oceana Group Ltd (JSE: OCE)
- ☑️Truworths International Ltd (JSE: TRU)
The Spar Group Ltd (JSE: SPP)
| 📈 Growth and Valuation | ℹ️ Information |
| 📊 Share Price | R135.52 ZAR |
| 📊 Market Capitalization | R26.1 billion ZAR |
| 📊 Shares Outstanding | 193 million |
| 📊 52 week range | R129.09 – R208.84 ZAR |
| 📊 Earnings per share | R12.1 ZAR |
| 📊 P/E Ratio | 11.13 |
| 📊 Dividend Yield | 5.25% |
| 📊 Gross Turnover | R79.6 million ZAR |
The SPAR Group Ltd operates a food and pharmaceuticals retail wholesale warehouse and distribution company.
The wholesale and distribution of products and services to SPAR supermarkets and other branded group retail locations is the core business of the Company.
The Spar Group Ltd has a market valuation of ZAR 26.1 billion, placing it as the 80th most valuable stock on the JSE. This represents 0.131% of the equities market on the Johannesburg Stock Exchange.
HomeChoice International Plc (JSE: HIL)
| 📈 Growth and Valuation | ℹ️ Information |
| 📊 Share Price | R24.50 ZAR |
| 📊 Market Capitalization | R2.61 billion ZAR |
| 📊 Shares Outstanding | 107 million |
| 📊 52 week range | R16.85 – R32.00 ZAR |
| 📊 Earnings per share | R2.03 ZAR |
| 📊 P/E Ratio | 12.04 |
| 📊 Dividend Yield | 2.73% |
| 📊 Gross Turnover | - |
The JSE Ltd. is the stock exchange on which HomeChoice International plc is listed as a holding company.
Through its two trading activities, HomeChoice (Retail) and FinChoice (Financial Services), the business is a premier supplier of retail and financial services to the mass market in southern Africa (Financial Services).
With a current market value of ZAR 2.61 billion or around 0.013% of the Johannesburg Stock Exchange equity market, Homechoice Int plc is the 196th most valuable stock on the JSE.
Foschini Group Limited (JSE: TFG)
| 📈 Growth and Valuation | ℹ️ Information |
| 📊 Share Price | R123.29 ZAR |
| 📊 Market Capitalization | R40.8 billion ZAR |
| 📊 Shares Outstanding | 331 million |
| 📊 52 week range | R112.05 – R158.88 ZAR |
| 📊 Earnings per share | R10.09 ZAR |
| 📊 P/E Ratio | 12.22 |
| 📊 Dividend Yield | 4.06% |
| 📊 Gross Turnover | R241 million ZAR |
The Foschini Group Ltd. is a South African company that controls 29 well-known retail fashion brands across a variety of industries. In addition to its online presence, TFG Africa also has physical shops spread across South Africa and other parts of Africa.
With a market value of ZAR 40.8 billion, Foschini Group Limited is now the 60th most valuable stock on the JSE, accounting for around 0.205% of the equities market on the Johannesburg Stock Exchange.
Oceana Group Ltd (JSE: OCE)
| 📈 Growth and Valuation | ℹ️ Information |
| 📊 Share Price | R50.26 ZAR |
| 📊 Market Capitalization | R6.56 billion ZAR |
| 📊 Shares Outstanding | 130 million |
| 📊 52 week range | R43.00 – R71.22 ZAR |
| 📊 Earnings per share | R4.15 ZAR |
| 📊 P/E Ratio | 12.08 |
| 📊 Dividend Yield | 6.03% |
| 📊 Gross Turnover | R6.47 million ZAR |
South African-based Oceana Group Limited engages in commercial fishing. Oceana operates through four main segments namely Canned Fish as well as Fishmeal, Fishmeal and Fish Oil, Horse Mackerel along with Hake, Lobster, and Squid, and finally, Commercial Cold Storage and Logistics.
With a market value of ZAR 6.56 billion (or around 0.033% of the Johannesburg Stock Exchange’s equity market), Oceana Group Ltd is the 137th most valuable stock on the JSE as of right now.
Truworths International Ltd (JSE: TRU)
| 📈 Growth and Valuation | ℹ️ Information |
| 📊 Share Price | R51.41 ZAR |
| 📊 Market Capitalization | R21.1 billion ZAR |
| 📊 Shares Outstanding | 409 million |
| 📊 52 week range | R45.86 – R68.09 ZAR |
| 📊 Earnings per share | R6.29 ZAR |
| 📊 P/E Ratio | 8.17 |
| 📊 Dividend Yield | 8.13% |
| 📊 Gross Turnover | R258 million ZAR |
Truworths International Ltd is a holding and management company for investments, and both the Truworths and Office divisions contribute to the Company’s overall success.
The Group, which consists of the parent firm and its subsidiaries, conducts its business in South Africa and the United Kingdom, with a growing presence in Germany, Ireland, and several nations in sub-Saharan Africa.
With a market valuation of ZAR 21.1 billion or around 0.106% of the Johannesburg Company Exchange’s equity market, Truworths Int Ltd is the 90th most valuable stock on the JSE as of right now.
Live JSE prices as at 10h00am on 22/07/2024
| 🏛️Company | 🪙Symbol | 💰Price (ZAR) | 📊Change (%) |
| The Spar Group Ltd | SPN | R12,106 | +0.48% |
| HomeChoice International | HCI | R2,499 | 0.00% |
| Foschini Group Limited | TFG | R13,376 | +0.26% |
| Oceana Group Ltd | OCE | R6,739.00 | +0.19% |
| Truworths International Ltd | TWL | R8,778.00 | +0.17% |
Why do companies pay dividends?
There are several reasons why corporations pay dividends, including attracting and keeping investors. They could help preserve confidence and favor since dividend-paying shares can be seen as better than those of rivals.
Factors to Consider Before Buying Stocks
Your Investment Horizon
Determining the time horizon is the first step before investing in stocks since it has a significant impact on the final decision.
Your investment horizon might be short, medium, or long-term depending on your needs and objectives.
Any investment you intend to hold for less than a year is considered short-term. Investing in steady blue-chip firms that pay dividends is recommended if you expect to keep the stock for less than a year. It is safer to invest in these businesses because of their strong financial positions.
Investments held for one to ten years fall under the category of “medium term.” High-quality companies from developing economies, with an appropriate amount of risk, are ideal for medium- to long-term investments.
Investments held for more than ten years are considered long-term investments. When anything goes wrong with these assets, there is still time for them to rebound and provide a substantial return.
The investment strategy that you wish to follow
Researching and settling on an appropriate investment strategy before making a stock purchase is essential.
Most successful investors use the following three sorts of strategies:
To generate profits, value investors seek companies that are trading at a discount to their intrinsic worth. This is how Warren Buffett generates such massive returns on investment.
Investing in companies that show revenue and profit growth at a faster rate than the market is known as growth investing. Growth investors wager that the equities’ recent gains will continue, providing a profitable buying opportunity.
Lastly, income investors should seek high-quality firms with generous dividend pay-outs. Earnings potential may be increased via either spending or reinvesting the money received as dividends. Therefore, before making a stock purchase, it is essential to think about the strategy that works well with that approach.
Fundamentals of the company
Before making a purchase, investors should look at the company’s fundamentals.
When looking to purchase stock, some of the most relevant ratios to examine are:
P/E Ratio (Price/Earnings Ratio) It is a comparison between the share price and the company’s profits per share (EPS).
When calculating a company’s level of debt, the debt-to-equity ratio is a useful tool. When debt levels are too high, it often means a company is on the verge of collapse.
The price per share is divided by the company’s net worth of assets per share to arrive at the price per book value ratio.
Overall Stock Performance vs Peers
In addition to several other metrics, South African investors must compare a company’s performance to that of its peers within a sector or industry.
Overall Shareholder Patterns
Before purchasing a stock, investors should examine the distribution of voting rights. An organization’s promoters are responsible for most of the company’s decisions, and they are typically high-ranking executives or own a massive portion of the business.
Company Size
How much you are willing to spend on the line when purchasing a stock is related to the size of the firm, you are thinking about putting your money into.
Thus, before purchasing shares, you should evaluate the size of the firm according to your risk appetite and investment horizon, and this can be determined by considering the market capitalization.
Revenue Growth
Investors should prioritize expanding firms when making stock purchases, and investors can find this out by looking at the company’s income and profits.
Overall Volatility
High-volatility stocks tend to surge during optimistic days and plummet on negative ones. When an upswing starts to reverse, you could cash in your gains on a low-volatility stock before they are lost forever.
Fast-moving equities, on the other hand, do not offer you much time to get out of the market before a trend shifts and you lose money.
Dividend Payment History
Companies that are considered dividend stocks often distribute a portion of their earnings to shareholders every year. These dividend stocks are a good option for those who follow the income investing method.
Investor who wants to make money from their investments should investigate the company’s dividend record of accomplishment before making a purchase. Investors seeking a high rate of return on their capital may consider the dividend yield as a proportion of the stock price.
Mutual Funds Holding
It is widely accepted that a stock that is owned by many mutual funds is safer than a stock that is held by no mutual funds.
How to Choose a Broker
| Factor | Description |
| 📜Investment Needs & Goals | Consider your investment style, account type needs (basic, margin, IRA), and desired investment options (stocks, ETFs, options, etc.). |
| 📈Trading Activity | How frequently will you trade? Frequent traders might prioritize low commissions. |
| 🪙Fees & Commissions | Compare trading commissions, account fees (maintenance, inactivity), and margin interest rates (if applicable). Research fees for additional services like reports or data. |
| 💻Investment Platform | Evaluate the platform's ease of use, research tools (fundamental & technical analysis), educational resources, news feeds, and mobile app functionality. |
| 🗣️Customer Service | Consider availability (24/7? phone, email, live chat) and quality of service (responsiveness, helpfulness based on online reviews). |
| 🛡️Regulation & Security | Ensure the broker is registered with a reputable financial authority (FSCA in South Africa) and has robust security measures to protect your account information and assets. |
| 🖺Additional Considerations | Features like fractional shares availability and minimum investment amount can be relevant. |
| 📚Research Resources | Utilize broker comparison websites and financial news reviews to compare options. |
The Best Share Brokers in South Africa
In this article, we have listed the best brokers which offer share trading to traders. We have further identified the brokers that offer additional services and solutions to traders.
Best MetaTrader 4 / MT4 Share Broker in South Africa
Min Deposit
USD 200
Regulators
FCA, FSC, FSCA
Trading Platform
MT4, MT5, FXTM Trader
Crypto
No
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overall, FXTM is the best MT4 Share broker in South Africa. Traders have access to more than 250 different financial products using the MetaTrader 4 platform and additional platforms from FXTM.
Retail traders in South Africa can choose from a choice of regional withdrawal and payment methods at FXTM if they prefer MT4.
Best MetaTrader 5 / MT5 Share Broker in South Africa
Min Deposit
USD 0 / ZAR 0
Regulators
FSCA, DFSA, FSC, CMA. FCA
Trading Platform
MT4, MT5, HFM Platform
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
No Trading Fees
Account Activation
24 Hours
Overall, HFM is the best MetaTrader 5 Share broker in South Africa. At HFM, traders may use MetaTrader 4 and MetaTrader 5 to trade more than 1,000 different assets. South African traders have access to mobile trading using the HF App for Android and iOS.
Best Share Broker for beginners in South Africa
Min Deposit
USD 50 in *certain countries
Regulators
FCA, ASIC, CySEC
Trading Platform
Proprietary WebTrader
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
* Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.
Overall, eToro is the best Share broker for beginners in South Africa. eToro can be used by novice stock traders who are just starting in an extremely volatile, liquid market. eToro offers copy trading platforms in addition to a wealth of tools and resources for learning.
Best Low Minimum Deposit Share Broker in South Africa
Min Deposit
USD 1
Regulators
CySEC, FSC
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
107+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overall, InstaForex is the best Low Minimum Deposit Share Broker in South Africa. There is no minimum deposit requirement on InstaForex, so South Africans may begin trading with as low as 17 ZAR. Trades can choose from a few accounts at InstaForex, as well as various beginner tips.
Best ECN Share Broker in South Africa
Min Deposit
USD 100
Regulators
ASIC, CySEC, FSCA, CMA
Trading Platform
MT4, MT5, Iress Trader, cTrader
Crypto
Yes
Total Pairs
70+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overall, FP Markets is the best ECN Share broker in South Africa. FP Markets’ strengths include quick STP and ECN transaction execution, commission-free trading, and zero-pip spreads on several key instruments.
Best Islamic / Swap-Free Share Broker in South Africa
Min Deposit
USD 1
Regulators
ASIC, BVI, CFTC, FCA, FFAJ, FSC, IIROC, MAS, NFA
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
45
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overall, OANDA is the best Islamic / Swap-Free Share broker in South Africa. OANDA provides three accounts for individual investors, one of which is a special swap-free account for adherents of sharia law.
Muslim traders who utilize OANDA’s Islamic Account should anticipate competitive spreads and cheap costs.
Best Share Trading App in South Africa
Min Deposit
USD $5
Regulators
FSC, ASIC, CySEC
Trading Platform
MT4, MT5, FBS App
Crypto
Yes
Over 27 000 000+ Traders
Overall, FBS is the best Share trading app in South Africa. FBS is a fantastic broker for traders who are always on the go because of its robust and reliable mobile trading platform. With its services available in more than 190 countries worldwide, FBS makes it easy to begin trading forex.
Best ZAR Trading Account Share Broker in South Africa
Min Deposit
USD 10
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Platform
MT4, MT5, WebTerminal, Exness Terminal
Crypto
Yes
Overall, Exness is the best ZAR trading account Share broker in South Africa. Exness is the best multi-regulated ZAR account broker, offering over 300,000 traders globally 278 tradeable products.
Best Lowest Spread Share Broker in South Africa
Min Deposit
USD 200
Regulators
ASIC, CySEC, FSA, SCB
Trading Platform
MT4, MT5, WebTrader
Crypto
Yes
Total Pairs
61
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overall, IC Markets is the best lowest spread Share broker in South Africa. Attributable to IC Markets’ genuine ECN execution approach, South Africans can expect zero pip spreads, low fees, and among of the quickest transaction execution rates.
Best Nasdaq 100 Share Broker in South Africa
Min Deposit
USD 0
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Platform
MT4, MT5, cTrader, TradingView
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overall, Pepperstone is the best Nasdaq 100 Share broker in South Africa. With Pepperstone, one of the biggest FX and CFD brokers, South African traders can trade with confidence. Pepperstone is one of the best platforms for reliable trade execution and liquidity.
Best Volatility 75 / VIX 75 Share Broker in South Africa
Min Deposit
USD 0
Regulators
FCA, BaFin, FINMA, DFSA, MAS, ASIC, FSCA
Trading Platform
MT4
Crypto
Yes
Total Pairs
80
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Overall, IG is the best Volatility 75 / VIX 75 Share broker in South Africa. IG, one of the oldest brokers in the world, provides South Africans with access to more than 19,000 financial products, including VIX.
When using IG, South Africans may choose the finest retail account for their requirements and employ any trading technique that suits their trading tastes.
Best NDD Share Broker in South Africa
Min Deposit
USD 100
Regulators
CySEC, FSCA, ASIC, FCA, FSC
Trading Platform
MT4, MT5, Proprietary Platform
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overall, Markets.com is the best NDD Share broker in South Africa. Markets.com offers traders in South Africa zero-pip spreads and some of the lowest commission costs available as one of the few brokers providing STP and ECN conditions as an NDD broker.
Best STP Share Broker in South Africa
Overall, AvaTrade is the best STP Share broker in South Africa. As a Market maker and STP broker, AvaTrade is well-known for pursuing the highest level of transparency.
AvaTrade offers fixed spreads that start at 0.9 pip and has over 300,000 clients that have already registered an account.
Best Sign-up Bonus Broker in South Africa
Min Deposit
USD 5
Regulators
FSC, CySEC, ASIC,
Trading Platform
MT4, MT5
Overall, XM is the best sign-up bonus broker in South Africa. XM provides new South African clients with a no-deposit offer and welcome bonus to get them started. South Africans may trade on several financial exchanges using MT4, MT5, or the XM app.
Conclusion
Always seek the best companies and evaluate their key metrics, finances, and history before adding their stock to your portfolio. You may use stock screeners to limit your investment or trading choices to those companies that meet your specified requirements.
Frequently asked questions
Do equities traded on the JSE provide dividends?
The JSE is, in fact, a leading market for dividend-paying stocks.
How often are dividends payable in South Africa?
Dividends may be paid monthly, quarterly, semi-annually, or yearly, depending on the number of shares an investor owns.
Should you put your money into dividend stocks?
Investing in dividends might be a wise financial move if you have considered your risk exposure and tolerance and have sufficient finances.
How many shares must you hold to get dividends?
Quarterly dividend payments are typical for many dividend-paying stocks. If you want to establish a monthly dividend-paying portfolio, you will need to invest in at least three stocks.
How could I get dividend payments in South Africa?
The most prevalent dividend kind in South Africa is cash, which is deposited into the investment accounts of shareholders.
Top 4 Brokers
