COFACE SA, through its subsidiaries, provides credit insurance products and related services for microenterprises, small and medium enterprises, mid-market companies, international corporations, financial institutions, and clients of distribution partners. The company offers credit insurance products to protect companies against default on payment of its trade receivables. It also provides integrated credit management solutions comprising credit insurance, single risk insurance, business information and debt collection services for insured and uninsured businesses; and factoring services, as well as contract and environmental surety, customs and excise, and legal bonds; and payment guarantees. In addition, the company offers business information services through its ICON portal. It operates in Western Europe, Northern Europe, Central and Eastern Europe, the Mediterranean and Africa, North America, Latin America, and the Asia-Pacific. The company was founded in 1946 and is headquartered in Bois-Colombes, France.
COFACE Dividend Announcement
• COFACE announced a annually dividend of €1.30 per ordinary share which will be made payable on 2024-05-24. Ex dividend date: 2024-05-22
• COFACE annual dividend for 2024 was €1.30
• COFACE annual dividend for 2023 was €1.52
• COFACE's trailing twelve-month (TTM) dividend yield is 9.16%
• COFACE's payout ratio for the trailing twelve months (TTM) is 75.18%
COFACE Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-22 | €1.30 | annually | 2024-05-24 |
2023-05-22 | €1.52 | annually | 2023-05-24 |
2022-05-20 | €1.50 | annually | 2022-05-24 |
2021-05-19 | €0.55 | annually | 2021-05-21 |
2019-05-22 | €0.79 | annually | 2019-05-24 |
2018-05-24 | €0.34 | annually | 2018-05-28 |
2017-05-22 | €0.13 | annually | 2017-05-24 |
2016-05-25 | €0.48 | annually | 2016-05-27 |
2015-05-27 | €0.48 | annually | 2015-05-29 |
COFACE Dividend per year
COFACE Dividend growth
COFACE Dividend Yield
COFACE current trailing twelve-month (TTM) dividend yield is 9.16%. Interested in purchasing COFACE stock? Use our calculator to estimate your expected dividend yield:
COFACE Financial Ratios
COFACE Dividend FAQ
Other factors to consider when evaluating COFACE 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: COFACE'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, COFACE 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, COFACE 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 COFACE 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: COFACE 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, COFACE distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: COFACE 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 COFACE'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 COFACE'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.