Garo Aktiebolag (publ), together with its subsidiaries, develops, manufactures, and markets electrical installation products and systems in Sweden, Norway, Finland, Poland, Ireland, and the United Kingdom. Its installation products include plugs and sockets, switches, lightning cabinets, switchboard systems GPK, switchboard GCS, cable cabinets, junction boxes, aluminum enclosures, meter boards, IT and meter cabinets, consumer units, DIN rail components, multiple socket outlets, and KNX products. The company also offers temporary power products, such as plugs and sockets, workplace light fixtures and fittings, distribution boards, main and final distribution assemblies, temporary electric chargers, multiple socket outlets, and fan heaters; wallboxes, charging stations, cable cabinets, camping posts, and electric vehicle accessories; and camping, marina, and engine heater power outlets, as well as customized products. Garo Aktiebolag (publ) was founded in 1939 and is headquartered in Gnosjö, Sweden.
Garo Aktiebolag Dividend Announcement
• Garo Aktiebolag announced a semi annually dividend of kr0.40 per ordinary share which will be made payable on 2023-11-20. Ex dividend date: 2023-11-14
• Garo Aktiebolag annual dividend for 2023 was kr0.80
• Garo Aktiebolag's trailing twelve-month (TTM) dividend yield is 1.96%
• Garo Aktiebolag's payout ratio for the trailing twelve months (TTM) is -76.05%
Garo Aktiebolag Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2023-11-14 | kr0.40 | semi annually | 2023-11-20 |
2023-05-12 | kr0.40 | semi annually | 2023-05-19 |
2022-05-12 | kr1.40 | semi annually | 2022-05-18 |
2021-05-06 | kr4.75 | semi annually | 2021-05-12 |
2019-05-16 | kr4.00 | semi annually | 2019-05-22 |
2018-05-03 | kr4.00 | semi annually | 2018-05-09 |
2017-05-05 | kr2.85 | semi annually | 2017-05-11 |
Garo Aktiebolag Dividend per year
Garo Aktiebolag Dividend growth
Garo Aktiebolag Dividend Yield
Garo Aktiebolag current trailing twelve-month (TTM) dividend yield is 1.96%. Interested in purchasing Garo Aktiebolag stock? Use our calculator to estimate your expected dividend yield:
Garo Aktiebolag Financial Ratios
Garo Aktiebolag Dividend FAQ
Other factors to consider when evaluating Garo Aktiebolag 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: Garo Aktiebolag'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, Garo Aktiebolag 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, Garo Aktiebolag 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 Garo Aktiebolag 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: Garo Aktiebolag 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, Garo Aktiebolag distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Garo Aktiebolag 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 Garo Aktiebolag'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 Garo Aktiebolag'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.