Companhia de Saneamento de Minas Gerais plans, designs, performs, expands, remodels, manages, and provides water supply and sewage treatment services in Brazil and internationally. It operates through Water Services, Sewage Services, and Solid Waste segments. The company offers collection, recycling, treatment, and final disposal of urban, domestic, and industrial waste; and draining and management of rainwater in urban areas in cities of the North of Minas Gerais, as well as the water basins of the Jequitinhonha, Mucuri, São Mateus, Buranhém, Itanhém, and Jucuruçu rivers. As of December 31, 2020, it had 640 concessions to provide water services; and 310 concessions to offer sewage services. The company was formerly known as Companhia Mineira de Água e Esgotos and changed its name to Companhia de Saneamento de Minas Gerais in November 1974. Companhia de Saneamento de Minas Gerais was founded in 1963 and is headquartered in Belo Horizonte, Brazil.
Companhia deneamento de Minas Gerais Dividend Announcement
• Companhia deneamento de Minas Gerais announced a quarterly dividend of R$0.35 per ordinary share which will be made payable on 2024-09-30. Ex dividend date: 2024-09-18
• Companhia deneamento de Minas Gerais annual dividend for 2024 was R$1.98
• Companhia deneamento de Minas Gerais annual dividend for 2023 was R$2.89
• Companhia deneamento de Minas Gerais's trailing twelve-month (TTM) dividend yield is 12.64%
• Companhia deneamento de Minas Gerais's payout ratio for the trailing twelve months (TTM) is 74.29%
• Companhia deneamento de Minas Gerais's dividend growth over the last five years (2018-2023) was -6.39% year
• Companhia deneamento de Minas Gerais's dividend growth over the last ten years (2013-2023) was 9.43% year
Companhia deneamento de Minas Gerais Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-18 | R$0.35 | quarterly | 2024-09-30 |
2024-06-26 | R$0.38 | quarterly | 2024-08-19 |
2024-04-29 | R$0.79 | quarterly | 2024-05-10 |
2024-03-26 | R$0.45 | quarterly | 2024-08-30 |
2023-12-22 | R$0.24 | quarterly | 2024-06-28 |
2023-12-14 | R$0.98 | quarterly | 2023-12-28 |
2023-09-22 | R$0.34 | quarterly | 2023-11-14 |
2023-06-22 | R$0.34 | quarterly | 2023-08-14 |
2023-03-23 | R$0.99 | quarterly | 2023-06-27 |
2022-09-21 | R$0.15 | quarterly | 2022-11-14 |
2022-06-22 | R$0.14 | quarterly | 2022-08-12 |
2022-03-23 | R$0.09 | quarterly | 2022-05-16 |
2021-09-27 | R$0.43 | quarterly | 2021-11-19 |
2021-06-23 | R$0.15 | quarterly | 2021-08-16 |
2021-03-25 | R$0.17 | quarterly | 2021-05-18 |
2021-03-03 | R$0.20 | quarterly | 2021-06-25 |
2020-12-23 | R$0.20 | quarterly | |
2020-11-20 | R$6.49 | quarterly | 2020-12-10 |
2020-09-23 | R$0.50 | quarterly | 2020-11-16 |
2020-06-24 | R$0.35 | quarterly | 2020-08-01 |
2020-03-26 | R$1.03 | quarterly | 2020-05-19 |
2019-09-25 | R$0.41 | quarterly | 2019-11-18 |
2019-06-24 | R$0.17 | quarterly | 2019-08-13 |
2019-03-27 | R$0.42 | quarterly | 2019-05-20 |
2019-03-11 | R$0.73 | quarterly | 2019-06-10 |
2018-09-25 | R$0.43 | quarterly | 2018-11-16 |
2018-06-26 | R$0.41 | quarterly | 2018-08-17 |
2018-05-08 | R$2.22 | quarterly | 2018-05-17 |
2018-03-27 | R$0.61 | quarterly | 2018-04-06 |
2018-02-28 | R$0.36 | quarterly | 2018-05-17 |
2017-11-21 | R$0.95 | quarterly | 2017-11-30 |
2017-09-25 | R$0.31 | quarterly | 2017-10-23 |
2017-06-22 | R$0.29 | quarterly | 2017-07-28 |
2017-03-23 | R$0.25 | quarterly | 2017-05-15 |
2017-03-17 | R$0.29 | quarterly | 2017-12-01 |
2016-11-17 | R$0.24 | quarterly | |
2016-08-23 | R$0.22 | quarterly | |
2016-05-12 | R$0.20 | quarterly | |
2015-11-12 | R$0.02 | quarterly | |
2015-08-12 | R$0.01 | quarterly | |
2015-05-12 | R$0.04 | quarterly | |
2015-03-25 | R$0.02 | quarterly | |
2014-09-23 | R$0.27 | quarterly | |
2014-06-25 | R$0.28 | quarterly | |
2014-03-25 | R$0.29 | quarterly | |
2014-02-04 | R$0.28 | quarterly | |
2013-09-25 | R$0.22 | quarterly | |
2013-06-26 | R$0.26 | quarterly | |
2013-03-22 | R$0.31 | quarterly | |
2013-03-04 | R$0.39 | quarterly |
Companhia deneamento de Minas Gerais Dividend per year
Companhia deneamento de Minas Gerais Dividend growth
Companhia deneamento de Minas Gerais Dividend Yield
Companhia deneamento de Minas Gerais current trailing twelve-month (TTM) dividend yield is 12.64%. Interested in purchasing Companhia deneamento de Minas Gerais stock? Use our calculator to estimate your expected dividend yield:
Companhia deneamento de Minas Gerais Financial Ratios
Companhia deneamento de Minas Gerais Dividend FAQ
Other factors to consider when evaluating Companhia deneamento de Minas Gerais 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: Companhia deneamento de Minas Gerais'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, Companhia deneamento de Minas Gerais 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, Companhia deneamento de Minas Gerais 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 Companhia deneamento de Minas Gerais 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: Companhia deneamento de Minas Gerais 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, Companhia deneamento de Minas Gerais distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Companhia deneamento de Minas Gerais 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 Companhia deneamento de Minas Gerais'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 Companhia deneamento de Minas Gerais'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.