Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2021, the company operated 70 hydroelectric, wind, and solar plants with an installed capacity of 5,700 MW; 339,086 miles of distribution lines; and 4,449 miles of transmission lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; provision of cloud solution, IT infrastructure, IT management, and cybersecurity services; provision of technology systems and systems for operational management of public service concessions; sale and trading of energy; provision of telecommunications services; and distributed generation, account services, cogeneration, energy efficiency, and supply and storage management activities. The company was incorporated in 1952 and is headquartered in Belo Horizonte, Brazil.
Companhia Energética de Minas Gerais Dividend Announcement
• Companhia Energética de Minas Gerais announced a quarterly dividend of $0.01 per ordinary share which will be made payable on 2024-11-25. Ex dividend date: 2024-09-30
• Companhia Energética de Minas Gerais annual dividend for 2024 was $0.05
• Companhia Energética de Minas Gerais annual dividend for 2023 was $0.05
• Companhia Energética de Minas Gerais's trailing twelve-month (TTM) dividend yield is 3.2%
• Companhia Energética de Minas Gerais's payout ratio for the trailing twelve months (TTM) is 54.68%
• Companhia Energética de Minas Gerais's dividend growth over the last five years (2018-2023) was -7.50% year
• Companhia Energética de Minas Gerais's dividend growth over the last ten years (2013-2023) was -22.24% year
Companhia Energética de Minas Gerais Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-30 | $0.01 | quarterly | 2024-11-25 |
2024-08-26 | $0.02 | quarterly | 2024-09-09 |
2024-07-01 | $0.01 | quarterly | 2024-10-02 |
2024-05-02 | $0.01 | quarterly | 2024-07-08 |
2024-03-28 | $0.01 | quarterly | |
2023-12-22 | $0.02 | quarterly | 2024-05-05 |
2023-09-29 | $0.01 | quarterly | 2024-03-26 |
2023-06-30 | $0.01 | quarterly | 2023-12-26 |
2023-04-28 | $0.00 | quarterly | 2023-10-24 |
2023-03-31 | $0.01 | quarterly | 2023-09-09 |
2022-12-30 | $0.01 | quarterly | 2023-07-10 |
2022-12-23 | $0.01 | quarterly | 2023-07-10 |
2022-09-30 | $0.01 | quarterly | |
2022-06-27 | $0.01 | quarterly | |
2022-05-02 | $0.03 | quarterly | 2022-07-08 |
2022-04-01 | $0.01 | quarterly | 2023-01-05 |
2021-12-22 | $0.02 | quarterly | 2023-01-05 |
2021-05-03 | $0.03 | quarterly | 2022-01-06 |
2021-01-07 | $0.01 | quarterly | 2021-07-12 |
2020-10-02 | $0.00 | quarterly | 2021-07-12 |
2020-08-13 | $0.01 | quarterly | 2021-01-08 |
2020-01-03 | $0.03 | quarterly | 2021-01-08 |
2019-05-06 | $0.04 | quarterly | 2020-01-07 |
2018-12-28 | $0.01 | quarterly | 2019-07-08 |
2018-05-02 | $0.06 | quarterly | 2019-01-08 |
2017-12-08 | $0.01 | quarterly | 2017-12-13 |
2017-05-15 | $0.04 | quarterly | 2018-01-05 |
2016-12-29 | $0.04 | quarterly | |
2016-05-02 | $0.04 | quarterly | 2017-01-05 |
2016-01-07 | $0.01 | quarterly | |
2015-05-04 | $0.08 | quarterly | 2016-01-05 |
2015-01-06 | $0.04 | quarterly | |
2014-11-13 | $0.20 | quarterly | 2014-12-26 |
2014-07-08 | $0.42 | quarterly | 2014-10-07 |
2014-05-02 | $0.27 | quarterly | |
2013-12-12 | $0.18 | quarterly | 2013-12-27 |
2013-05-02 | $0.48 | quarterly | 2013-07-05 |
Companhia Energética de Minas Gerais Dividend per year
Companhia Energética de Minas Gerais Dividend growth
Companhia Energética de Minas Gerais Dividend Yield
Companhia Energética de Minas Gerais current trailing twelve-month (TTM) dividend yield is 3.2%. Interested in purchasing Companhia Energética de Minas Gerais stock? Use our calculator to estimate your expected dividend yield:
Companhia Energética de Minas Gerais Financial Ratios
Companhia Energética de Minas Gerais Dividend FAQ
Other factors to consider when evaluating Companhia Energética 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 Energética 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 Energética 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 Energética 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 Energética 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 Energética 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 Energética 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 Energética 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 Energética 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 Energética 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.