Concejo AB (publ) develops, manufactures, and markets fire safety products and systems in Europe, the United States, Asia, and internationally. The company's Marine and Safety business offers products and systems for fire and gas detection in high-risk environments. It offers solutions that detect and warn heat, smoke, gas, flames, and oil mist. This business serves tankers, cruise ships, cargo vessels, and military vessels in the shipping industry; supply and support vessels, floating oil rigs, production and accommodation platforms, and accommodation vessels in the offshore industry; trains, metros, buses, and trucks in the transport sector; and properties comprising hospitals and public spaces, schools and hotels, large industrial properties, and wind turbines. Its Safety Engineering business offers safety systems for fire-fighting in high-risk environments. It serves refineries, petrochemical plants, chemical plants, tank terminals and oil wharves, and petrochemical storage and disposal facilities in the oil and gas industry; gas and oil, coal, nuclear, solar, hydro, and wind power plants, as well as substations and switchgear in the power industry; and production and exploration platforms, accommodation platforms, floating support units FPSO/FLNG, and helicopter platforms in the offshore industry. The company was founded in 1993 and is headquartered in Nacka, Sweden. The company was formerly known as Consilium AB (publ). Concejo AB (publ) is a subsidiary of Platanen Holding AB.
Concejo Dividend Announcement
• Concejo announced a annually dividend of kr3.00 per ordinary share which will be made payable on 2024-05-20. Ex dividend date: 2024-05-14
• Concejo annual dividend for 2024 was kr3.00
• Concejo's trailing twelve-month (TTM) dividend yield is 7.16%
• Concejo's payout ratio for the trailing twelve months (TTM) is 791.11%
Concejo Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-14 | kr3.00 | annually | 2024-05-20 |
2021-05-24 | kr15.00 | annually | 2021-05-28 |
2020-05-28 | kr17.00 | annually | 2020-06-03 |
2020-05-22 | kr17.00 | annually | |
2017-05-22 | kr2.00 | annually | 2017-05-29 |
2016-05-24 | kr2.00 | annually | |
2015-05-20 | kr1.25 | annually | |
2014-05-21 | kr0.40 | annually | |
2013-05-17 | kr0.25 | annually | |
2010-05-25 | kr0.35 | annually | |
2009-05-14 | kr0.50 | annually | |
2008-05-15 | kr0.75 | annually | |
2008-04-01 | kr0.75 | annually |
Concejo Dividend per year
Concejo Dividend growth
Concejo Dividend Yield
Concejo current trailing twelve-month (TTM) dividend yield is 7.16%. Interested in purchasing Concejo stock? Use our calculator to estimate your expected dividend yield:
Concejo Financial Ratios
Concejo Dividend FAQ
Other factors to consider when evaluating Concejo 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: Concejo'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, Concejo 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, Concejo 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 Concejo 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: Concejo 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, Concejo distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Concejo 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 Concejo'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 Concejo'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.