Knorr-Bremse Aktiengesellschaft develops, produces, markets, and services braking and other systems for rail and commercial vehicles worldwide. The company operates in two segments, Rail Vehicle Systems and Commercial Vehicle Systems. It offers braking, entrance and HVAC systems; power electrics and control technology; digital solutions for optimization of rail traffic, couplers; signal systems; stationary and mobile testing equipment; wiper and wash systems; and sanitary systems for mass transit and long distance rail vehicles. The company also provides braking systems comprising brake control systems, disk brakes, drum brakes, brake cylinders, valves and pedal units; steering systems and vehicle dynamics solutions; driver assistance systems; automated driving and electronic leveling control; energy supply and distribution systems, including compressors and air treatment products; and engine components and transmission control systems for trucks, buses, trailers, and agricultural machinery. In addition, it offers leasing, holding, logistics, and media and IT services. The company was founded in 1905 and is headquartered in Munich, Germany. Knorr-Bremse Aktiengesellschaft is a subsidiary of KB Holding GmbH.
Knorr-Bremse Dividend Announcement
• Knorr-Bremse announced a annually dividend of $0.45 per ordinary share which will be made payable on 2024-05-20. Ex dividend date: 2024-05-02
• Knorr-Bremse annual dividend for 2024 was $0.45
• Knorr-Bremse annual dividend for 2023 was $0.39
• Knorr-Bremse's trailing twelve-month (TTM) dividend yield is 2.21%
• Knorr-Bremse's payout ratio for the trailing twelve months (TTM) is 43.35%
Knorr-Bremse Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-02 | $0.45 | annually | 2024-05-20 |
2023-05-08 | $0.39 | annually | 2023-05-24 |
2022-05-25 | $0.50 | annually | 2022-06-13 |
2021-05-21 | $0.45 | annually | 2021-06-10 |
2020-07-01 | $0.50 | annually | 2020-07-17 |
2019-06-19 | $0.49 | annually | 2019-07-08 |
Knorr-Bremse Dividend per year
Knorr-Bremse Dividend growth
Knorr-Bremse Dividend Yield
Knorr-Bremse current trailing twelve-month (TTM) dividend yield is 2.21%. Interested in purchasing Knorr-Bremse stock? Use our calculator to estimate your expected dividend yield:
Knorr-Bremse Financial Ratios
Knorr-Bremse Dividend FAQ
Other factors to consider when evaluating Knorr-Bremse 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: Knorr-Bremse'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, Knorr-Bremse 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, Knorr-Bremse 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 Knorr-Bremse 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: Knorr-Bremse 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, Knorr-Bremse distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Knorr-Bremse 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 Knorr-Bremse'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 Knorr-Bremse'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.