MODEC, Inc., a general contractor, engages in the engineering, procurement, construction, and installation of floating production systems worldwide. The company provides floating production storage and offloading vessels; floating storage and offloading vessels; floating LNGs; floating storage regasification water-desalination and power generation; tension leg platforms; production semi-submersibles; mooring systems; and other technologies. It also offers operation and maintenance services. The company was founded in 1968 and is headquartered in Tokyo, Japan. MODEC, Inc. is a subsidiary of Mitsui E&S Holdings Co., Ltd.
MODEC Dividend Announcement
• MODEC announced a semi annually dividend of ¥30.00 per ordinary share which will be made payable on 2025-03-01. Ex dividend date: 2024-12-27
• MODEC annual dividend for 2024 was ¥60.00
• MODEC annual dividend for 2023 was ¥20.00
• MODEC's trailing twelve-month (TTM) dividend yield is 0.01%
• MODEC's payout ratio for the trailing twelve months (TTM) is 4.61%
MODEC Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-27 | ¥30.00 | semi annually | 2025-03-01 |
2024-06-27 | ¥30.00 | semi annually | 2024-09-10 |
2023-12-28 | ¥20.00 | semi annually | 2024-03-28 |
2021-12-29 | ¥15.00 | semi annually | |
2021-06-29 | ¥15.00 | semi annually | 2021-09-07 |
2020-12-29 | ¥23.75 | semi annually | 2021-03-24 |
2020-06-29 | ¥23.75 | semi annually | 2020-09-08 |
2019-12-27 | ¥22.50 | semi annually | 2020-03-23 |
2019-06-26 | ¥22.50 | semi annually | 2019-09-03 |
2018-12-26 | ¥10.00 | semi annually | 2019-03-22 |
2018-06-27 | ¥21.25 | semi annually | 2018-09-04 |
2017-12-27 | ¥20.00 | semi annually | 2018-03-26 |
2017-06-28 | ¥20.00 | semi annually | 2017-09-05 |
2016-12-28 | ¥18.75 | semi annually | |
2016-06-28 | ¥18.75 | semi annually | |
2015-12-28 | ¥17.50 | semi annually | |
2015-06-26 | ¥17.50 | semi annually | |
2014-12-26 | ¥16.25 | semi annually | |
2014-06-26 | ¥16.25 | semi annually | |
2013-12-26 | ¥15.00 | semi annually | |
2013-06-26 | ¥15.00 | semi annually | |
2012-12-26 | ¥13.75 | semi annually | |
2012-06-27 | ¥13.75 | semi annually |
MODEC Dividend per year
MODEC Dividend growth
MODEC Dividend Yield
MODEC current trailing twelve-month (TTM) dividend yield is 0.01%. Interested in purchasing MODEC stock? Use our calculator to estimate your expected dividend yield:
MODEC Financial Ratios
MODEC Dividend FAQ
Other factors to consider when evaluating MODEC 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: MODEC'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, MODEC 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, MODEC 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 MODEC 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: MODEC 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, MODEC distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: MODEC 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 MODEC'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 MODEC'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.