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Ashtead Technology Holdings Plc provides subsea equipment rental solutions for the offshore energy sector in Europe, the Americas, the Asia-Pacific, and the Middle East. It offers survey and robotics equipment comprising survey sensors, geophysical, hydrographic, metocean, subsea inspection, remote visual inspection, and environmental products; mechanical solutions, consisting of cutting, coating removal, dredging, diver mechanical tools, ROV tooling, ROV/hydraulic, and fabrication solutions; and asset integrity solutions, including subsea infrastructure inspection, riser cleaning and inspection, hull and mooring inspection, subsea sensor packages, and deflection monitoring. The company was founded in 1985 and is based in Westhill, the United Kingdom.

Ashtead Technology Dividend Announcement

• Ashtead Technology announced a annually dividend of £1.10 per ordinary share which will be made payable on 2024-06-03. Ex dividend date: 2024-05-02
• Ashtead Technology annual dividend for 2024 was £1.10
• Ashtead Technology annual dividend for 2023 was £1.00
• Ashtead Technology's trailing twelve-month (TTM) dividend yield is 0.2%
• Ashtead Technology's payout ratio for the trailing twelve months (TTM) is 3.60%

Ashtead Technology Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-05-02£1.10annually2024-06-03
2023-05-25£1.00annually2023-06-23

Ashtead Technology Dividend per year

Ashtead Technology Dividend Yield

Ashtead Technology current trailing twelve-month (TTM) dividend yield is 0.2%. Interested in purchasing Ashtead Technology stock? Use our calculator to estimate your expected dividend yield:

Ashtead Technology Financial Ratios

P/E ratio18.34
PEG ratio18.34
P/B ratio4.07
ROE23.56%
Payout ratio3.60%
Current ratio1.82
Quick ratio1.67
Cash Ratio0.20

Ashtead Technology Dividend FAQ

Does Ashtead Technology stock pay dividends?
Ashtead Technology does not currently pay dividends to its shareholders.
Has Ashtead Technology ever paid a dividend?
No, Ashtead Technology has no a history of paying dividends to its shareholders. Ashtead Technology is not known for its dividend payments.
Why doesn't Ashtead Technology pay dividends?
There are several potential reasons why Ashtead Technology would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Ashtead Technology ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Ashtead Technology has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Ashtead Technology a dividend aristocrat?
Ashtead Technology is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Ashtead Technology a dividend king?
Ashtead Technology is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Ashtead Technology a dividend stock?
No, Ashtead Technology is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Ashtead Technology stocks?
To buy Ashtead Technology you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Ashtead Technology stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.