Kordsa Teknik Tekstil A.S. manufactures and sells carcass and industrial fabrics. The company offers industrial fabrics, which are used in the structure of vehicle tires; rubber and plastic materials, such as transmission belts, V belts, rubber hoses, etc.; and denier fiber and connection fabrics. It also produces and markets fabrics for mechanical rubber goods and other rubber reinforcement materials; converts various types of yarns into cord fabrics; provides advanced composites to the civil aviation sector; and offers nylon 6, nylon 6.6, and polyethylene-terephthalate high modulus low shrinkage polyester, as well as rayon heavy decitex yarns for use in tires and mechanical rubber goods. The company provides its products primarily to the tire, construction, and composite reinforcement industries. It principally operates in North America, South America, Europe, the Middle East, Africa, and Asia. The company was formerly known as Kordsa Endüstriyel Iplik ve Kord Bezi Sanayi ve Ticaret Anonim Sirketi and changed its name to Kordsa Teknik Tekstil A.S. in March 2017. The company was incorporated in 1973 and is headquartered in Izmit, Turkey. Kordsa Teknik Tekstil A.S. is a subsidiary of Haci Ömer Sabanci Holding A.S.
Kordsa Teknik Tekstil Dividend Announcement
• Kordsa Teknik Tekstil announced a semi annually dividend of ₺0.29 per ordinary share which will be made payable on 2023-03-31. Ex dividend date: 2023-03-29
• Kordsa Teknik Tekstil annual dividend for 2023 was ₺0.29
• Kordsa Teknik Tekstil's trailing twelve-month (TTM) dividend yield is -%
Kordsa Teknik Tekstil Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2023-03-29 | ₺0.29 | semi annually | 2023-03-31 |
2022-04-04 | ₺0.82 | semi annually | |
2022-03-23 | ₺0.82 | semi annually | 2022-03-28 |
2020-03-26 | ₺0.25 | semi annually | 2020-03-30 |
2019-03-25 | ₺0.35 | semi annually | 2019-03-27 |
2018-04-02 | ₺0.34 | semi annually | 2018-04-04 |
2017-04-21 | ₺0.30 | semi annually | |
2017-04-10 | ₺0.30 | semi annually | 2017-04-12 |
2016-04-04 | ₺0.31 | semi annually | |
2015-05-29 | ₺0.35 | semi annually | |
2013-03-29 | ₺0.18 | semi annually | |
2012-04-19 | ₺0.39 | semi annually | |
2011-04-04 | ₺0.16 | semi annually | |
2006-04-03 | ₺0.19 | semi annually |
Kordsa Teknik Tekstil Dividend per year
Kordsa Teknik Tekstil Dividend growth
Kordsa Teknik Tekstil Dividend Yield
Kordsa Teknik Tekstil current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Kordsa Teknik Tekstil stock? Use our calculator to estimate your expected dividend yield:
Kordsa Teknik Tekstil Financial Ratios
Kordsa Teknik Tekstil Dividend FAQ
Other factors to consider when evaluating Kordsa Teknik Tekstil 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: Kordsa Teknik Tekstil'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, Kordsa Teknik Tekstil 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, Kordsa Teknik Tekstil 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 Kordsa Teknik Tekstil 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: Kordsa Teknik Tekstil 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, Kordsa Teknik Tekstil distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Kordsa Teknik Tekstil 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 Kordsa Teknik Tekstil'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 Kordsa Teknik Tekstil'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.