Close Brothers Group plc, a merchant banking company, provides financial services to small businesses and individuals in the United Kingdom. It operates through five segments: Commercial, Retail, Property, Asset Management, and Securities. The company offers various savings products, including personal and business savings, and pension deposits. It also provides asset finance, asset-based lending, commercial vehicle hire, short-term bridging finance, insurance premium finance, invoice discounting and factoring, and property finance products. In addition, the company offers funding services for general aviation aircraft, and various leisure and commercial vessels; sale and rent back services for the brewing sector; broker finance services to the agriculture, construction, manufacturing, and transport industries; leasing services for the construction, manufacturing, IT equipment, and specialist assets; and loan, hire purchase, leasing, and refinancing services to the professional service sector, including dental, medical, pharmacy, and veterinary sectors. Further, it provides financial education, investment management, and financial planning and advice services; self-directed services that help investors to manage their portfolio online; and services for financial advisers. Additionally, the company offers liquidity and flexible execution services to retail stockbrokers, wealth managers, and institutional investors; market making, sales, research, and corporate broking services; and dealing, custody, and settlement services to the institutional, wealth management, and brokerage clients. Close Brothers Group plc was founded in 1878 and is headquartered in London, the United Kingdom.
Close Brothers Dividend Announcement
• Close Brothers announced a semi annually dividend of $1.09 per ordinary share which will be made payable on 2023-12-11. Ex dividend date: 2023-10-19
• Close Brothers annual dividend for 2023 was $1.64
• Close Brothers's trailing twelve-month (TTM) dividend yield is 7.71%
• Close Brothers's payout ratio for the trailing twelve months (TTM) is 71.10%
Close Brothers Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2023-10-19 | $1.09 | semi annually | 2023-12-11 |
| 2023-03-24 | $0.54 | semi annually | 2023-05-11 |
| 2022-10-13 | $0.98 | semi annually | 2022-12-07 |
| 2022-03-25 | $0.58 | semi annually | 2022-05-12 |
| 2021-10-14 | $1.13 | semi annually | 2021-12-08 |
| 2021-03-26 | $0.50 | semi annually | 2021-05-13 |
Close Brothers Dividend per year
Close Brothers Dividend growth
Close Brothers Dividend Yield
Close Brothers current trailing twelve-month (TTM) dividend yield is 7.71%. Interested in purchasing Close Brothers stock? Use our calculator to estimate your expected dividend yield:
Close Brothers Financial Ratios
P/E ratio8.76
PEG ratio4.69
P/B ratio0.67
ROE8.14%
Payout ratio71.10%
Current ratio11.16
Quick ratio11.16
Cash Ratio10.65
Close Brothers Dividend FAQ
How much is the next Close Brothers dividend?
Close Brothers's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Close Brothers dividend. The next Close Brothers dividend will be released in March, or October.
When is Close Brothers dividend paid?
Close Brothers pays dividends on a semi annually basis. The specific dates may vary each year but are generally around March, and October. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Close Brothers pay?
The specific amount of Close Brothers dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Close Brothers's dividend history.
Does Close Brothers stock pay dividends?
Yes, Close Brothers does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Close Brothers's dividend history.
How much dividend does Close Brothers pay?
Close Brothers paid $0.0 in 2024, $1.638 in 2023, $1.557 in 2022, $1.629 in 2021, and $0.0 in 2020.
How often does Close Brothers pay dividends?
Close Brothers typically pays dividends on a semi annually basis. This means that dividends are usually distributed 2 times a year. The specific payout dates may vary each year but generally fall around March, and October.
What is Close Brothers's dividend yield?
The current dividend yield for Close Brothers is 7.71%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Close Brothers's exact dividend yield.
When does Close Brothers go ex dividend?
Close Brothers's ex-dividend date for the latest dividend was on 2023-10-19. Close Brothers typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Close Brothers dividend paid?
Close Brothers pays dividends on a semi annually basis, typically around March, or October, but the exact dates can vary each year.
Will Close Brothers increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Close Brothers will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Close Brothers dividend per share?
Close Brothers paid $0.0 per share in 2024 and $1.638 per share in 2023. The amount of dividend per share that Close Brothers pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Close Brothers a dividend aristocrat?
No, 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 Close Brothers a dividend king?
No, 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 Close Brothers a dividend stock?
Yes, Close Brothers is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Close Brothers a good dividend stock?
Whether Close Brothers is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Close Brothers has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Close Brothers as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Other factors to consider when evaluating Close Brothers as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Close Brothers pay dividends monthly?
Close Brothers typically pays dividends on a semi annually basis.
Does Close Brothers pay dividends quarterly?
Close Brothers currently pays dividends on a semi annually basis.
Has Close Brothers ever paid a dividend?
Yes, Close Brothers has a history of paying dividends to its shareholders. Close Brothers is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Close Brothers dividend stocks?
To buy Close Brothers 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, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Close Brothers 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.
Place an order: Use the brokerage's trading platform to place an order to buy Close Brothers 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.
When does Close Brothers pay dividends 2024?
Close Brothers pays dividends on a semi annually basis. 2024 dividend payments are in 2023-12-11. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Close Brothers increase its dividend in 2024?
Decisions regarding Close Brothers dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Close Brothers dividend overview you can look into the above table of dividend history.
How Close Brothers dividend works?
The Close Brothers dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Close Brothers's dividend process works:
1. Determination of Dividend: Close Brothers's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Close Brothers publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Close Brothers distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Close Brothers are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Determination of Dividend: Close Brothers's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Close Brothers publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Close Brothers distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Close Brothers are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Close Brothers dividends paid?
Close Brothers dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Close Brothers sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Close Brothers distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Close Brothers declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
1. Record Date: Close Brothers sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Close Brothers distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Close Brothers declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Close Brothers pay dividends?
Close Brothers typically pays dividends on a semi annually basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Close Brothers pay dividends?
The general pattern is that Close Brothers pays dividends around March, and October. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Close Brothers dividend safe?
The safety of Close Brothers's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Close Brothers's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Close Brothers's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.
To assess the safety of Close Brothers's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Close Brothers's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.