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Grupo Simec, S.A.B. de C.V. manufactures, processes, and distributes special bar quality (SBQ) steel and steel alloys products in Mexico, the United States, Brazil, Canada, Latin America, and internationally. The company produces I-beams, channels, structural and commercial angles, hot rolled bars, flat bars, rebars, cold finished bars, electro-welded wire mesh and mesh panels, and wire rods, as well as semi-finished tube rounds and other semi-finished trade products. Its SBQ steel products are used across a range of engineered end-user applications, including axles, hubs, and crankshafts for automobiles and light trucks, machine tools, and off-highway equipment; and structural steel products are used in the non-residential construction market and other construction applications. The company also exports its steel products to Central and South America, and Europe. The company was founded in 1934 and is headquartered in Guadalajara, Mexico. Grupo Simec, S.A.B. de C.V. is a subsidiary of Industrias CH, S.A.B. de C.V.

Grupo Simec Dividend Announcement

• Grupo Simec announced a annually dividend of $0.59 per ordinary share which will be made payable on 2020-03-20. Ex dividend date: 2020-03-09
• Grupo Simec's trailing twelve-month (TTM) dividend yield is -%

Grupo Simec Dividend History

Ex-Div dateDividend amountDividend typePay date
2020-03-09$0.59annually2020-03-20

Grupo Simec Dividend per year

Grupo Simec Dividend Yield

Grupo Simec current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Grupo Simec stock? Use our calculator to estimate your expected dividend yield:

Grupo Simec Financial Ratios

P/E ratio24.62
PEG ratio-0.24
P/B ratio4.27
ROE18.63%
Payout ratio0.00%
Current ratio3.72
Quick ratio2.85
Cash Ratio2.12

Grupo Simec Dividend FAQ

Does Grupo Simec stock pay dividends?
Grupo Simec does not currently pay dividends to its shareholders.
Has Grupo Simec ever paid a dividend?
No, Grupo Simec has no a history of paying dividends to its shareholders. Grupo Simec is not known for its dividend payments.
Why doesn't Grupo Simec pay dividends?
There are several potential reasons why Grupo Simec would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Grupo Simec ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Grupo Simec has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Grupo Simec a dividend aristocrat?
Grupo Simec is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Grupo Simec a dividend king?
Grupo Simec is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Grupo Simec a dividend stock?
No, Grupo Simec is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Grupo Simec stocks?
To buy Grupo Simec you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Grupo Simec stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.