Fortum Oyj, together with its subsidiaries, engages in the generation and sale of electricity and heat in the Nordic countries, Germany, the United Kingdom, Russia, the Netherlands, the Baltic Rim area, and internationally. The company's Generation segment generates power through nuclear, hydro, wind, and thermal resources; and provides power portfolio optimization, trading, and industrial intelligence, as well as nuclear services. Its City Solutions develops solutions in the areas of heating, cooling, waste-to-energy, biomass, and other circular economy solutions, as well as solar power production. The company's Consumer Solutions segment engages in electricity and gas retail businesses, including the provision of invoicing and customer services; and electricity and related value-added products, as well as digital services. This segment serves approximately 2.4 million customers. Its Russia segment generates and sells power and heat. The company's Uniper segment engages in the power generation business, as well as energy trading and optimization activities. Fortum Oyj was founded in 1998 and is headquartered in Espoo, Finland.
Fortum Dividend Announcement
• Fortum announced a semi annually dividend of $0.14 per ordinary share which will be made payable on 2024-10-24. Ex dividend date: 2024-10-02
• Fortum annual dividend for 2024 was $0.26
• Fortum annual dividend for 2023 was $0.21
• Fortum's trailing twelve-month (TTM) dividend yield is 12.28%
• Fortum's payout ratio for the trailing twelve months (TTM) is 71.85%
Fortum Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-02 | $0.14 | semi annually | 2024-10-24 |
2024-03-26 | $0.13 | semi annually | |
2023-09-29 | $0.10 | semi annually | 2023-10-25 |
2023-04-14 | $0.11 | semi annually | 2023-05-09 |
2022-03-29 | $0.25 | semi annually | 2022-04-21 |
2021-04-29 | $0.32 | semi annually | 2021-05-24 |
2020-04-24 | $0.26 | semi annually | 2020-05-20 |
2020-03-18 | $0.26 | semi annually | |
2018-04-02 | $0.33 | semi annually | 2018-04-25 |
2017-04-04 | $0.25 | semi annually | 2017-04-28 |
2016-05-04 | $0.28 | semi annually | |
2015-03-31 | $0.32 | semi annually | |
2014-04-09 | $0.41 | semi annually | |
2013-04-10 | $0.35 | semi annually | |
2012-04-12 | $0.35 | semi annually |
Fortum Dividend per year
Fortum Dividend growth
Fortum Dividend Yield
Fortum current trailing twelve-month (TTM) dividend yield is 12.28%. Interested in purchasing Fortum stock? Use our calculator to estimate your expected dividend yield:
Fortum Financial Ratios
Fortum Dividend FAQ
Other factors to consider when evaluating Fortum 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: Fortum'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, Fortum 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, Fortum 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 Fortum 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: Fortum 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, Fortum distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Fortum 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 Fortum'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 Fortum'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.