LKQ Corporation distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates through three segments: North America, Europe, and Specialty. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries. In addition, the company distributes recreational vehicle appliances and air conditioners, towing hitches, truck bed covers, vehicle protection products, cargo management products, wheels, tires, and suspension products. It serves collision and mechanical repair shops, and new and used car dealerships, as well as retail customers. The company operates in the United States, Canada, the United Kingdom, Germany, Belgium, the Netherlands, Luxembourg, Italy, the Czech Republic, Austria, Poland, Slovakia, Taiwan, and other European countries. LKQ Corporation was incorporated in 1998 and is headquartered in Chicago, Illinois.
LKQ Dividend Announcement
• LKQ announced a quarterly dividend of $0.30 per ordinary share which will be made payable on 2024-11-27. Ex dividend date: 2024-11-14
• LKQ annual dividend for 2024 was $1.20
• LKQ annual dividend for 2023 was $1.12
• LKQ's trailing twelve-month (TTM) dividend yield is 3.04%
• LKQ's payout ratio for the trailing twelve months (TTM) is 45.01%
LKQ Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-14 | $0.30 | quarterly | 2024-11-27 |
2024-08-15 | $0.30 | quarterly | 2024-08-29 |
2024-05-15 | $0.30 | quarterly | 2024-05-30 |
2024-03-13 | $0.30 | quarterly | 2024-03-28 |
2023-11-15 | $0.30 | quarterly | 2023-11-30 |
2023-08-16 | $0.28 | quarterly | 2023-08-31 |
2023-05-17 | $0.28 | quarterly | 2023-06-01 |
2023-03-15 | $0.28 | quarterly | 2023-03-30 |
2022-11-16 | $0.28 | quarterly | 2022-12-01 |
2022-08-10 | $0.25 | quarterly | 2022-09-01 |
2022-05-18 | $0.25 | quarterly | 2022-06-02 |
2022-03-02 | $0.25 | quarterly | 2022-03-24 |
2021-11-09 | $0.25 | quarterly | 2021-12-02 |
LKQ Dividend per year
LKQ Dividend growth
LKQ Dividend Yield
LKQ current trailing twelve-month (TTM) dividend yield is 3.04%. Interested in purchasing LKQ stock? Use our calculator to estimate your expected dividend yield:
LKQ Financial Ratios
LKQ Dividend FAQ
Other factors to consider when evaluating LKQ 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: LKQ'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, LKQ 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, LKQ 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 LKQ 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: LKQ 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, LKQ distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: LKQ 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 LKQ'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 LKQ'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.