Iochpe-Maxion S.A. produces and sells automotive wheels and structural components for light and commercial vehicles in North America, South America, Europe, Asia, and internationally. It operates through two segments, Maxion Wheels and Maxion Structural Components. The company offers heavy steel wheels; light steel wheels for automobiles, pick-up trucks, and SUVs, as well as light and medium-sized commercial vehicles; and light aluminum wheels for vehicles. It also provides heavy structural components, including frames, sidebars, and crossbars; and metal stampings for commercial vehicles, as well as agricultural machinery and aluminum wheels for light vehicles. In addition, the company offers light structural and automotive components, such as metal stampings for passenger vehicles, brake levers, pedal sets, welded assemblies, structural parts, and other automotive components. Further, it produces freight cars, railway wheels, and castings, as well as industrial castings. The company was founded in 1918 and is headquartered in Cruzeiro, Brazil.
Iochpe-Maxion Dividend Announcement
• Iochpe-Maxion announced a quarterly dividend of R$0.39 per ordinary share which will be made payable on 2025-04-30. Ex dividend date: 2024-10-02
• Iochpe-Maxion annual dividend for 2024 was R$0.60
• Iochpe-Maxion annual dividend for 2023 was R$0.30
• Iochpe-Maxion's trailing twelve-month (TTM) dividend yield is 5.14%
• Iochpe-Maxion's payout ratio for the trailing twelve months (TTM) is 6.91%
• Iochpe-Maxion's dividend growth over the last five years (2018-2023) was -21.07% year
• Iochpe-Maxion's dividend growth over the last ten years (2013-2023) was -6.07% year
Iochpe-Maxion Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-02 | R$0.39 | quarterly | 2025-04-30 |
2024-07-02 | R$0.13 | quarterly | 2024-07-02 |
2024-03-12 | R$0.09 | quarterly | |
2023-03-24 | R$0.30 | quarterly | 2023-04-05 |
2022-10-04 | R$0.20 | quarterly | 2023-03-01 |
2022-07-05 | R$0.23 | quarterly | 2023-03-31 |
2022-03-15 | R$0.40 | quarterly | 2022-03-23 |
2021-12-28 | R$1.01 | quarterly | 2022-03-23 |
2020-03-11 | R$0.66 | quarterly | 2020-03-19 |
2019-07-08 | R$0.19 | quarterly | 2020-03-19 |
2018-12-07 | R$0.26 | quarterly | 2019-03-15 |
2018-09-18 | R$0.23 | quarterly | 2019-03-15 |
2018-06-15 | R$0.24 | quarterly | 2019-03-15 |
2018-02-26 | R$0.26 | quarterly | 2018-03-15 |
2017-03-31 | R$0.08 | quarterly | 2017-04-07 |
2016-02-29 | R$0.22 | quarterly | |
2015-02-27 | R$0.30 | quarterly | |
2014-02-28 | R$0.30 | quarterly | |
2013-12-19 | R$0.53 | quarterly | |
2013-03-01 | R$0.04 | quarterly |
Iochpe-Maxion Dividend per year
Iochpe-Maxion Dividend growth
Iochpe-Maxion Dividend Yield
Iochpe-Maxion current trailing twelve-month (TTM) dividend yield is 5.14%. Interested in purchasing Iochpe-Maxion stock? Use our calculator to estimate your expected dividend yield:
Iochpe-Maxion Financial Ratios
Iochpe-Maxion Dividend FAQ
Other factors to consider when evaluating Iochpe-Maxion 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: Iochpe-Maxion'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, Iochpe-Maxion 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, Iochpe-Maxion 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 Iochpe-Maxion 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: Iochpe-Maxion 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, Iochpe-Maxion distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Iochpe-Maxion 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 Iochpe-Maxion'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 Iochpe-Maxion'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.