Codan Limited develops technology solutions for United Nations organizations, mining companies, security and military groups, government departments, individuals, and small-scale miners. It operates through Communications and Metal Detection segments. The Communications segment designs, develops, manufactures, and markets communication equipment that consists of MIMO MESH; DTC radio solutions for the wireless transmission of video and other data applications; and Zetron communications solutions. The Metal Detection segment designs, develops, manufactures, and markets metal detection equipment, such as handheld metal detecting technologies for recreational, gold mining, demining, and military markets. The company sells its products through a network of dealers, distributors, and agents in Australia, Canada, Denmark, the United Kingdom, the United States, Brazil, India, Ireland, Mexico, Singapore, the United Arab Emirates, and internationally. Codan Limited was incorporated in 1959 and is headquartered in Mawson Lakes, Australia.
Codan Dividend Announcement
• Codan announced a semi annually dividend of A$0.12 per ordinary share which will be made payable on 2024-09-18. Ex dividend date: 2024-09-03
• Codan annual dividend for 2024 was A$0.22
• Codan annual dividend for 2023 was A$0.18
• Codan's trailing twelve-month (TTM) dividend yield is 1.42%
• Codan's payout ratio for the trailing twelve months (TTM) is 44.56%
• Codan's dividend growth over the last five years (2018-2023) was 18.25% year
• Codan's dividend growth over the last ten years (2013-2023) was 3.59% year
Codan Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-03 | A$0.12 | semi annually | 2024-09-18 |
2024-02-26 | A$0.10 | semi annually | 2024-03-12 |
2023-09-05 | A$0.10 | semi annually | 2023-09-20 |
2023-02-23 | A$0.09 | semi annually | 2023-03-10 |
2022-08-25 | A$0.15 | semi annually | 2022-09-07 |
2022-02-23 | A$0.13 | semi annually | 2022-03-10 |
2021-08-25 | A$0.17 | semi annually | 2021-09-10 |
2021-02-24 | A$0.10 | semi annually | 2021-03-11 |
2020-08-27 | A$0.11 | semi annually | 2020-09-11 |
2020-02-26 | A$0.07 | semi annually | 2020-03-12 |
2019-08-29 | A$0.03 | semi annually | 2019-09-13 |
2019-02-26 | A$0.03 | semi annually | 2019-03-13 |
2018-08-31 | A$0.04 | semi annually | 2018-09-14 |
2018-03-14 | A$0.04 | semi annually | 2018-04-03 |
2017-09-14 | A$0.03 | semi annually | 2017-10-03 |
2017-03-14 | A$0.03 | semi annually | 2017-04-03 |
2016-09-14 | A$0.04 | semi annually | 2016-10-04 |
2016-03-11 | A$0.02 | semi annually | 2016-04-01 |
2015-09-11 | A$0.02 | semi annually | 2015-10-01 |
2015-03-12 | A$0.01 | semi annually | 2015-04-01 |
2014-09-10 | A$0.01 | semi annually | 2014-10-01 |
2014-03-07 | A$0.01 | semi annually | 2014-04-01 |
2013-09-09 | A$0.07 | semi annually | 2013-10-01 |
2013-03-08 | A$0.06 | semi annually | 2013-04-02 |
Codan Dividend per year
Codan Dividend growth
Codan Dividend Yield
Codan current trailing twelve-month (TTM) dividend yield is 1.42%. Interested in purchasing Codan stock? Use our calculator to estimate your expected dividend yield:
Codan Financial Ratios
Codan Dividend FAQ
Other factors to consider when evaluating Codan 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.
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1. Determination of Dividend: Codan'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, Codan 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, Codan 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 Codan 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. Record Date: Codan 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, Codan distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Codan 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.
To assess the safety of Codan'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 Codan'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.