Meko AB operates and develops business in the automotive aftermarket in Sweden, Norway, Denmark, Poland, and Finland. It provides spare parts, consumables, and tools, as well as workshop services and car accessories under the ProMeister and Carwise brand. The company offers a range of solutions and products for the consumers and companies through its branches, affiliated workshops, and wholesale and logistics operations. It operates 401 branches; and 3,721 affiliated workshops under the AutoMester, AlltiBil, BilXtra, CarPeople, Din Bilpartner, Hella Service Partner, Inter Data Service, MECA Car Service, Mekonomen Bilverkstad, MekoPartner, O.K. Serwis, and Speedy brands. The company was formerly known as Mekonomen AB (publ) and changed its name to Meko AB in May 2022. Meko AB was founded in 1973 and is based in Stockholm, Sweden.
Meko Dividend Announcement
• Meko announced a semi annually dividend of kr1.85 per ordinary share which will be made payable on 2024-11-21. Ex dividend date: 2024-11-15
• Meko annual dividend for 2024 was kr3.70
• Meko annual dividend for 2023 was kr3.30
• Meko's trailing twelve-month (TTM) dividend yield is 2.81%
• Meko's payout ratio for the trailing twelve months (TTM) is 75.65%
Meko Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-15 | kr1.85 | semi annually | 2024-11-21 |
2024-05-17 | kr1.85 | semi annually | 2024-05-23 |
2023-11-22 | kr2.20 | semi annually | 2023-11-28 |
2023-05-24 | kr1.10 | semi annually | 2023-05-30 |
2022-05-23 | kr3.00 | semi annually | 2022-05-30 |
2018-05-11 | kr5.84 | semi annually | 2018-05-17 |
2017-04-26 | kr5.84 | semi annually | 2017-05-03 |
2016-04-13 | kr5.84 | semi annually | |
2015-04-15 | kr7.00 | semi annually | |
2014-04-09 | kr7.00 | semi annually | |
2013-04-17 | kr7.00 | semi annually | |
2012-05-24 | kr8.00 | semi annually | |
2011-04-15 | kr8.00 | semi annually | |
2010-04-21 | kr7.00 | semi annually |
Meko Dividend per year
Meko Dividend growth
Meko Dividend Yield
Meko current trailing twelve-month (TTM) dividend yield is 2.81%. Interested in purchasing Meko stock? Use our calculator to estimate your expected dividend yield:
Meko Financial Ratios
Meko Dividend FAQ
Other factors to consider when evaluating Meko 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: Meko'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, Meko 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, Meko 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 Meko 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: Meko 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, Meko distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Meko 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 Meko'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 Meko'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.