Migdal Insurance and Financial Holdings Ltd., together with its subsidiaries, provides insurance, pension, and financial services for private and corporate customers in Israel. The company deals and manages pension plans, life and health insurance products, pensions, and financial business plans; and provides personal accident and mortgage insurance solutions, and savings, as well as insurance agency services. It also markets investments; operates nostro accounts; and manages financial assets, including mutual funds and portfolios, as well as engages in the investment banking and distribution activities. The company was founded in 1934 and is based in Petah Tikva, Israel. Migdal Insurance and Financial Holdings Ltd. operates as a subsidiary of Eliahu Issues Ltd.
Migdal Insurance and Financial Dividend Announcement
• Migdal Insurance and Financial announced a semi annually dividend of ₪2.37 per ordinary share which will be made payable on 2024-06-24. Ex dividend date: 2024-06-18
• Migdal Insurance and Financial annual dividend for 2024 was ₪2.37
• Migdal Insurance and Financial annual dividend for 2023 was ₪5.41
• Migdal Insurance and Financial's trailing twelve-month (TTM) dividend yield is 0.78%
• Migdal Insurance and Financial's payout ratio for the trailing twelve months (TTM) is 4.09%
Migdal Insurance and Financial Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-18 | ₪2.37 | semi annually | 2024-06-24 |
2023-12-18 | ₪2.37 | semi annually | 2023-12-25 |
2023-05-01 | ₪3.04 | semi annually | 2023-05-08 |
2021-10-26 | ₪4.46 | semi annually | 2021-11-03 |
2019-08-01 | ₪33.21 | semi annually | 2019-08-19 |
2018-08-21 | ₪6.26 | semi annually | 2018-09-05 |
2017-03-26 | ₪10.44 | semi annually | 2017-03-30 |
2015-11-19 | ₪18.98 | semi annually | |
2015-04-06 | ₪18.98 | semi annually | |
2014-10-13 | ₪18.98 | semi annually | |
2014-05-07 | ₪18.98 | semi annually | |
2013-11-04 | ₪18.98 | semi annually | |
2013-05-29 | ₪18.98 | semi annually | |
2012-05-01 | ₪14.26 | semi annually | |
2011-04-11 | ₪14.26 | semi annually | |
2010-04-14 | ₪22.83 | semi annually |
Migdal Insurance and Financial Dividend per year
Migdal Insurance and Financial Dividend growth
Migdal Insurance and Financial Dividend Yield
Migdal Insurance and Financial current trailing twelve-month (TTM) dividend yield is 0.78%. Interested in purchasing Migdal Insurance and Financial stock? Use our calculator to estimate your expected dividend yield:
Migdal Insurance and Financial Financial Ratios
Migdal Insurance and Financial Dividend FAQ
Other factors to consider when evaluating Migdal Insurance and Financial 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: Migdal Insurance and Financial'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, Migdal Insurance and Financial 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, Migdal Insurance and Financial 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 Migdal Insurance and Financial 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: Migdal Insurance and Financial 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, Migdal Insurance and Financial distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Migdal Insurance and Financial 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 Migdal Insurance and Financial'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 Migdal Insurance and Financial'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.