Cofina, SGPS, S.A. engages in the publication of newspapers and magazines in Portugal. The company offers newspapers, including Correio da Manha, a daily newspaper; Record, a daily sports newspaper; Jornal de Negocios, an economic newspaper; and Destak, a free newspaper, as well as online newspapers. It also provides magazines, such as Sábado and TV Guia, as well as digital products, including Flash and Máxima. In addition, the company operates portals, including maxima.pt, flash.pt, loja.xl.pt, passatempos.xl.pt, and xl.pt; broadcasts Correio da Manhã TV (cmTV), a cable television channel; and Nossa Aposta, an online gaming and betting platform. Further, it is involved in the production and creation of websites for online business development; organization, promotion, and management of events; and newspaper printing business. The company was incorporated in 1990 and is headquartered in Porto, Portugal.
Cofina Dividend Announcement
• Cofina announced a annually dividend of €1.10 per ordinary share which will be made payable on 2024-07-05. Ex dividend date: 2024-07-10
• Cofina annual dividend for 2024 was €1.10
• Cofina annual dividend for 2023 was €0.03
• Cofina's trailing twelve-month (TTM) dividend yield is 194.35%
• Cofina's payout ratio for the trailing twelve months (TTM) is 51.20%
Cofina Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-10 | €1.10 | annually | 2024-07-05 |
2023-05-17 | €0.03 | annually | 2023-05-19 |
2016-05-09 | €0.01 | annually | 2016-05-11 |
2015-05-07 | €0.02 | annually | 2015-05-11 |
2014-05-19 | €0.01 | annually | 2014-05-22 |
2013-05-03 | €0.01 | annually | 2013-05-08 |
2012-05-08 | €0.01 | annually | 2012-05-11 |
2011-06-16 | €0.01 | annually | 2011-06-21 |
2010-06-03 | €0.01 | annually | 2010-06-08 |
2008-06-20 | €0.04 | annually | 2008-06-25 |
2007-04-13 | €0.04 | annually | 2007-04-18 |
2006-12-12 | €0.05 | annually | |
2006-04-12 | €0.05 | annually | 2006-12-15 |
Cofina Dividend per year
Cofina Dividend growth
Cofina Dividend Yield
Cofina current trailing twelve-month (TTM) dividend yield is 194.35%. Interested in purchasing Cofina stock? Use our calculator to estimate your expected dividend yield:
Cofina Financial Ratios
Cofina Dividend FAQ
Other factors to consider when evaluating Cofina 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: Cofina'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, Cofina 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, Cofina 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 Cofina 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: Cofina 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, Cofina distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Cofina 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 Cofina'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 Cofina'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.