Gränges AB (publ) develops, produces, and distributes rolled aluminum products for thermal management systems, specialty packaging, and niche applications in Europe, Asia, and the Americas. The company offers clad tubes and fins, unclad fins, and clad plates. It serves various markets, including automotive; heating, ventilation, and air conditioning; specialty packaging; battery; and transformers, heat exchangers, and wind turbines. The company was founded in 1896 and is headquartered in Stockholm, Sweden.
Gränges Dividend Announcement
• Gränges announced a semi annually dividend of kr1.50 per ordinary share which will be made payable on 2024-11-15. Ex dividend date: 2024-11-11
• Gränges annual dividend for 2024 was kr3.00
• Gränges annual dividend for 2023 was kr2.50
• Gränges's trailing twelve-month (TTM) dividend yield is 2.28%
• Gränges's payout ratio for the trailing twelve months (TTM) is 16.84%
• Gränges's dividend growth over the last five years (2018-2023) was -1.23% year
Gränges Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-11 | kr1.50 | semi annually | 2024-11-15 |
2024-05-10 | kr1.50 | semi annually | 2024-05-16 |
2023-06-15 | kr2.50 | semi annually | 2023-06-21 |
2022-05-05 | kr2.25 | semi annually | 2022-05-11 |
2021-05-07 | kr1.10 | semi annually | 2021-05-14 |
2020-05-08 | kr3.40 | semi annually | |
2019-05-09 | kr2.84 | semi annually | 2019-05-15 |
2018-05-04 | kr2.66 | semi annually | 2018-05-11 |
2017-05-05 | kr2.13 | semi annually | 2017-05-11 |
2016-04-29 | kr1.77 | semi annually | |
2015-05-05 | kr1.33 | semi annually |
Gränges Dividend per year
Gränges Dividend growth
Gränges Dividend Yield
Gränges current trailing twelve-month (TTM) dividend yield is 2.28%. Interested in purchasing Gränges stock? Use our calculator to estimate your expected dividend yield:
Gränges Financial Ratios
Gränges Dividend FAQ
Other factors to consider when evaluating Gränges 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: Gränges'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, Gränges 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, Gränges 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 Gränges 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: Gränges 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, Gränges distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Gränges 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 Gränges'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 Gränges'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.