Nexans S.A. manufactures and sells cables in France and internationally. It operates through four segments: Building & Territories, High Voltage & Projects, Telecom & Data, and Industry & Solutions. The Building & Territories segment provides cabling systems and smart energy solutions for buildings, smart cities/grids, e-mobility, local infrastructures, decentralized energy systems, and rural electrifications. The High Voltage & Projects segment offers design, engineering, financing, asset management, and systems management solutions for offshore wind farms, subsea interconnections, and land high voltage, as well as smart solutions for the oil and gas sector. The Telecom & Data segment helps customers to deploy copper and fiber optic infrastructures, which include data transmission, telecom networks, hyperscale data centers, and LAN cabling solutions. The Industry & Solutions segment provides customized cabling and connectivity solutions to support OEMs and industrial infrastructure project managers in transport, automatic devices, renewable energy, resources, and other sectors. It also offers wire rods, electrical wires, and winding wires. The company was incorporated in 1994 and is headquartered in Courbevoie, France.
Nexans Dividend Announcement
• Nexans announced a annually dividend of $1.24 per ordinary share which will be made payable on 2024-06-13. Ex dividend date: 2024-05-21
• Nexans annual dividend for 2024 was $1.24
• Nexans annual dividend for 2023 was $1.14
• Nexans's trailing twelve-month (TTM) dividend yield is 2.25%
• Nexans's payout ratio for the trailing twelve months (TTM) is 32.85%
Nexans Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-21 | $1.24 | annually | 2024-06-13 |
2023-05-15 | $1.14 | annually | 2023-06-01 |
2022-05-16 | $0.63 | annually | 2022-06-02 |
2021-05-20 | $0.43 | annually | 2021-06-07 |
2019-05-15 | $0.17 | annually | 2019-06-05 |
2018-05-18 | $0.41 | annually | 2018-06-08 |
2017-05-17 | $0.27 | annually | 2017-06-07 |
2013-05-23 | $0.32 | annually |
Nexans Dividend per year
Nexans Dividend growth
Nexans Dividend Yield
Nexans current trailing twelve-month (TTM) dividend yield is 2.25%. Interested in purchasing Nexans stock? Use our calculator to estimate your expected dividend yield:
Nexans Financial Ratios
Nexans Dividend FAQ
Other factors to consider when evaluating Nexans 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: Nexans'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, Nexans 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, Nexans 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 Nexans 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: Nexans 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, Nexans distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Nexans 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 Nexans'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 Nexans'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.