McGrath Limited operates as an integrated residential real estate services company in Australia. It operates through Company Owned Sales, Company Owned Property Management, Franchise Services, and Other Services and Investments segments. The Company Owned Sales segment sells residential property on behalf of property vendors through its owned offices and agents. The Company Owned Property Management segment manages residential properties on behalf of owner clients. The Franchise Services segment manages franchise offices for property sales and property management activities. The Other Services and Investments segment provides auction, real estate training, and mortgage brokerage services, as well as other network services. As of June 30, 2022, it operated through 29 owned offices and 79 franchise offices. McGrath Limited was founded in 1988 and is headquartered in Pyrmont, Australia.
McGrath Dividend Announcement
• McGrath announced a semi annually dividend of A$0.02 per ordinary share which will be made payable on 2024-06-19. Ex dividend date: 2024-06-11
• McGrath annual dividend for 2024 was A$0.03
• McGrath annual dividend for 2023 was A$0.04
• McGrath's trailing twelve-month (TTM) dividend yield is 5.17%
• McGrath's payout ratio for the trailing twelve months (TTM) is 60.78%
McGrath Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-11 | A$0.02 | semi annually | 2024-06-19 |
2024-02-26 | A$0.01 | semi annually | 2024-03-12 |
2023-08-30 | A$0.03 | semi annually | 2023-09-14 |
2023-02-27 | A$0.01 | semi annually | 2023-03-14 |
2022-08-31 | A$0.01 | semi annually | 2022-09-20 |
2022-02-28 | A$0.01 | semi annually | 2022-03-23 |
2021-08-26 | A$0.01 | semi annually | 2021-09-21 |
2021-03-01 | A$0.01 | semi annually | 2021-03-23 |
2017-09-20 | A$0.01 | semi annually | 2017-10-05 |
2017-03-13 | A$0.01 | semi annually | 2017-03-28 |
2016-09-13 | A$0.04 | semi annually | 2016-09-28 |
McGrath Dividend per year
McGrath Dividend growth
McGrath Dividend Yield
McGrath current trailing twelve-month (TTM) dividend yield is 5.17%. Interested in purchasing McGrath stock? Use our calculator to estimate your expected dividend yield:
McGrath Financial Ratios
McGrath Dividend FAQ
Other factors to consider when evaluating McGrath 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: McGrath'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, McGrath 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, McGrath 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 McGrath 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: McGrath 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, McGrath distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: McGrath 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 McGrath'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 McGrath'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.