Grenke AG, together with its subsidiaries, provides a range of banking and financial services to small and medium-sized (SME) enterprises in Germany, France, Italy, and internationally. It operates through three segments: Leasing, Banking, and Factoring. The company is involved in the leasing activities, such as financing to commercial lessees, leasing, service, protection, and maintenance offerings, as well as disposal of used equipment; and small-ticket leasing of IT products, such as PCs, notebooks, servers, monitors, peripheral equipment, software, telecommunication and copying and medical technology, as well as other IT products. It also provides banking products and services, such as fixed deposits to private and business customers through its Website; financing services to business start-ups, as well as development loans to SMEs and self-employed professionals; and small-ticket factoring services. Grenke AG operates a total of 154 locations. The company was formerly known as GrenkeLeasing AG and changed its name to Grenke AG in May 2016. Grenke AG was founded in 1978 and is headquartered in Baden-Baden, Germany.
Grenke Dividend Announcement
• Grenke announced a annually dividend of €0.47 per ordinary share which will be made payable on 2024-05-06. Ex dividend date: 2024-05-02
• Grenke annual dividend for 2024 was €0.47
• Grenke annual dividend for 2023 was €0.45
• Grenke's trailing twelve-month (TTM) dividend yield is 2.99%
• Grenke's payout ratio for the trailing twelve months (TTM) is 43.88%
• Grenke's dividend growth over the last five years (2018-2023) was -8.46% year
• Grenke's dividend growth over the last ten years (2013-2023) was -5.59% year
Grenke Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-02 | €0.47 | annually | 2024-05-06 |
2023-05-17 | €0.45 | annually | 2023-05-19 |
2022-05-26 | €0.51 | annually | 2022-05-31 |
2021-07-30 | €0.26 | annually | 2021-08-03 |
2020-08-07 | €0.80 | annually | 2020-09-07 |
2020-05-20 | €0.88 | annually | |
2019-05-15 | €0.80 | annually | 2019-05-17 |
2018-05-04 | €0.70 | annually | 2018-05-08 |
2017-05-12 | €1.75 | annually | 2017-05-16 |
2016-05-04 | €1.50 | annually | 2016-06-01 |
2015-05-13 | €1.10 | annually | 2015-05-13 |
2014-04-11 | €1.00 | annually | 2014-05-06 |
2013-05-08 | €0.80 | annually | 2013-05-08 |
Grenke Dividend per year
Grenke Dividend growth
Grenke Dividend Yield
Grenke current trailing twelve-month (TTM) dividend yield is 2.99%. Interested in purchasing Grenke stock? Use our calculator to estimate your expected dividend yield:
Grenke Financial Ratios
Grenke Dividend FAQ
Other factors to consider when evaluating Grenke 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: Grenke'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, Grenke 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, Grenke 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 Grenke 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: Grenke 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, Grenke distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Grenke 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 Grenke'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 Grenke'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.