Nexteer Automotive Group Limited, an investment holding company, designs, develops, manufactures, and distributes steering and driveline systems and components for automobile manufacturers and other automotive-related companies. It offers electric power steering (EPS) products, such as column, pinion, and rack assist, as well as dual pinion EPS; EPS remanufacturing products, intermediate shafts, and modular power packs; and hydraulic power steering products, such as magnetic torque overlay, smart flow pumps, power steering pumps and reservoirs, rack and pinion steering gears, and recirculating ball steering gears, as well as aftermarket products. The company also provides steering columns, including power tilts and telescopes, power rakes and telescopes, one-touch adjustable columns, manual rakes and telescopes, non-adjustable columns, intermediate shafts, transmission shifters, and stowable steering column, as well as electronics, modules, and sub-assemblies. In addition, it offers driveline products comprising front and rear wheel half shafts, intermediate drive shafts, and propeller shaft constant velocity joints. Further, the company provides advanced driver assistance systems and automated driving technologies, which include steer by wire, steering on demand system, quiet wheel steering, magnetic torque overlay, and high availability EPS for resilient operational availability, as well as offers customer support and engineering center services. It operates in North America, the Asia Pacific, Europe, the Middle East, Africa, and South America. The company was founded in 1906 and is headquartered in Auburn Hills, Michigan. Nexteer Automotive Group Limited is a subsidiary of Nexteer Automotive (Hong Kong) Holdings Limited.
Nexteer Automotive Dividend Announcement
• Nexteer Automotive announced a annually dividend of HK$0.02 per ordinary share which will be made payable on 2024-07-09. Ex dividend date: 2024-06-21
• Nexteer Automotive annual dividend for 2024 was HK$0.02
• Nexteer Automotive annual dividend for 2023 was HK$0.04
• Nexteer Automotive's trailing twelve-month (TTM) dividend yield is 6.27%
• Nexteer Automotive's payout ratio for the trailing twelve months (TTM) is 32.11%
• Nexteer Automotive's dividend growth over the last five years (2018-2023) was -30.07% year
Nexteer Automotive Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-21 | HK$0.02 | annually | 2024-07-09 |
2023-06-23 | HK$0.04 | annually | 2023-07-10 |
2022-06-23 | HK$0.07 | annually | 2022-07-11 |
2021-06-10 | HK$0.07 | annually | 2021-06-28 |
2020-07-03 | HK$0.25 | annually | 2020-07-20 |
2019-06-05 | HK$0.24 | annually | 2019-06-20 |
2018-06-06 | HK$0.22 | annually | 2018-06-22 |
2017-06-07 | HK$0.19 | annually | 2017-06-21 |
2016-06-08 | HK$0.12 | annually | 2016-06-23 |
2015-06-08 | HK$0.10 | annually | 2015-06-22 |
2014-06-09 | HK$0.07 | annually | 2014-06-20 |
Nexteer Automotive Dividend per year
Nexteer Automotive Dividend growth
Nexteer Automotive Dividend Yield
Nexteer Automotive current trailing twelve-month (TTM) dividend yield is 6.27%. Interested in purchasing Nexteer Automotive stock? Use our calculator to estimate your expected dividend yield:
Nexteer Automotive Financial Ratios
Nexteer Automotive Dividend FAQ
Other factors to consider when evaluating Nexteer Automotive 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: Nexteer Automotive'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, Nexteer Automotive 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, Nexteer Automotive 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 Nexteer Automotive 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: Nexteer Automotive 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, Nexteer Automotive distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Nexteer Automotive 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 Nexteer Automotive'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 Nexteer Automotive'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.