Coventry Group Ltd primarily distributes industrial products in Australia and New Zealand. The company operates through Trade Distribution and Fluids Systems segments. The Trade Distribution segment imports, distributes, and markets industrial fasteners, stainless steel fasteners, industrial hardware, construction fasteners, specialized fastener products and systems, and associated industrial tools and consumables. This segment also imports, distributes, and markets hardware, components, and finished products to the commercial cabinet making, joinery, and shop fitting industries; and engages in hiring and sale of fencing, as well as scaffolding plank hire activities. The Fluids Systems segment designs and installs lubrication systems; distributes hoses, connectors, fittings, and hydraulic hose assemblies; designs and supplies service truck components; installs fire suppression systems; designs and distributes fluid handling systems, as well as sells pneumatic components, and hydraulic associated products and consumables; and services and repairs rock hammers. Coventry Group Ltd was incorporated in 1936 and is headquartered in Thomastown, Australia.
Coventry Dividend Announcement
• Coventry announced a annually dividend of A$0.04 per ordinary share which will be made payable on 2024-10-11. Ex dividend date: 2024-09-27
• Coventry annual dividend for 2024 was A$0.04
• Coventry annual dividend for 2023 was A$0.04
• Coventry's trailing twelve-month (TTM) dividend yield is 2.75%
• Coventry's payout ratio for the trailing twelve months (TTM) is 123.82%
Coventry Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-27 | A$0.04 | annually | 2024-10-11 |
2023-09-28 | A$0.04 | annually | 2023-10-13 |
2022-09-29 | A$0.04 | annually | 2022-10-14 |
2021-09-29 | A$0.03 | annually | 2021-10-15 |
2015-10-09 | A$0.02 | annually | 2015-10-27 |
2015-03-04 | A$0.16 | annually | 2015-03-13 |
2014-09-03 | A$0.10 | annually | 2014-09-19 |
2014-07-11 | A$0.10 | annually | 2014-07-25 |
2014-03-03 | A$0.10 | annually | 2014-03-17 |
2013-09-02 | A$0.10 | annually | 2013-09-20 |
2013-03-04 | A$0.10 | annually | 2013-03-18 |
2012-09-03 | A$0.10 | annually | 2012-09-21 |
2012-03-05 | A$0.10 | annually | 2012-03-20 |
2011-09-02 | A$0.10 | annually | 2011-09-23 |
2011-06-20 | A$0.04 | annually | 2011-07-08 |
2011-03-07 | A$0.05 | annually | 2011-03-25 |
2010-08-31 | A$0.07 | annually | 2010-09-21 |
2010-03-03 | A$0.05 | annually | 2010-03-23 |
2009-09-02 | A$0.04 | annually | 2009-09-25 |
2007-02-28 | A$0.15 | annually | 2007-03-29 |
Coventry Dividend per year
Coventry Dividend growth
Coventry Dividend Yield
Coventry current trailing twelve-month (TTM) dividend yield is 2.75%. Interested in purchasing Coventry stock? Use our calculator to estimate your expected dividend yield:
Coventry Financial Ratios
Coventry Dividend FAQ
Other factors to consider when evaluating Coventry 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: Coventry'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, Coventry 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, Coventry 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 Coventry 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: Coventry 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, Coventry distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Coventry 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 Coventry'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 Coventry'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.