Coles Group Limited operates as a retailer in Australia. It operates through Supermarkets, Liquor, and Express segments. The company operates 835 supermarkets; and coles.com.au, which offers a choice of home delivery, including same-day, overnight drop and go services, and pick up from click and collect locations. Its Coles Financial Services provides insurance, credit cards, and personal loans to Australian families. The company is also involved in the retailing of liquor through its 933 stores under the Liquorland, First Choice, First Choice Liquor, and Vintage Cellars brand names. In addition, it operates 711 fuel and convenience stores; and operates as flybuys loyalty program. The company was formerly known as Coles Myer Ltd. and changed its name to Coles Group Limited. Coles Group Limited was founded in 1914 and is based in Hawthorn East, Australia.
Coles Dividend Announcement
• Coles announced a semi annually dividend of A$0.32 per ordinary share which will be made payable on 2024-09-25. Ex dividend date: 2024-09-03
• Coles annual dividend for 2024 was A$0.68
• Coles annual dividend for 2023 was A$0.66
• Coles's trailing twelve-month (TTM) dividend yield is 3.64%
• Coles's payout ratio for the trailing twelve months (TTM) is 76.30%
Coles Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-03 | A$0.32 | semi annually | 2024-09-25 |
2024-03-04 | A$0.36 | semi annually | 2024-03-27 |
2023-09-01 | A$0.30 | semi annually | 2023-09-27 |
2023-03-01 | A$0.36 | semi annually | 2023-03-30 |
2022-09-02 | A$0.30 | semi annually | 2022-09-28 |
2022-03-02 | A$0.33 | semi annually | 2022-03-31 |
2021-08-26 | A$0.28 | semi annually | 2021-09-28 |
2021-02-25 | A$0.33 | semi annually | 2021-03-26 |
2020-08-27 | A$0.28 | semi annually | 2020-09-29 |
2020-02-26 | A$0.30 | semi annually | 2020-03-27 |
2019-08-28 | A$0.24 | semi annually | 2019-09-26 |
Coles Dividend per year
Coles Dividend growth
Coles Dividend Yield
Coles current trailing twelve-month (TTM) dividend yield is 3.64%. Interested in purchasing Coles stock? Use our calculator to estimate your expected dividend yield:
Coles Financial Ratios
Coles Dividend FAQ
Other factors to consider when evaluating Coles 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: Coles'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, Coles 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, Coles 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 Coles 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: Coles 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, Coles distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Coles 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 Coles'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 Coles'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.