Nokian Renkaat Oyj develops and manufactures tires in Finland, Nordics, Russia, the rest of Europe, Asia, the Americas, and internationally. It operates through Passenger Car Tyres, Heavy Tyres, and Vianor segments. The Passenger Car Tyres segment develops and produces summer and winter tires for cars and vans. The Heavy Tyres segment offers tires for forestry machinery; and special tires for agricultural machinery, tractors, and industrial machinery, as well as retreading materials and truck tires. The Vianor segment sells car and van tires, as well as truck tires under the Nokian brand, and other tire brands; and other automotive products and services. The company offers its products through its own Vianor service centers and service centers run by partners, the Nokian Tyres Authorized Dealer (NAD) partners, the N-Tyre retailers, and other tire and vehicle retailers, as well as online stores. As of December 31, 2021, it operated 1,047 Vianor service centers; 2,282 NAD stores; and 110 N-Tyre stores. Nokian Renkaat Oyj was founded in 1898 and is headquartered in Nokia, Finland.
Nokian Renkaat Dividend Announcement
• Nokian Renkaat announced a semi annually dividend of $0.12 per ordinary share which will be made payable on 2024-12-19. Ex dividend date: 2024-10-31
• Nokian Renkaat annual dividend for 2024 was $0.32
• Nokian Renkaat annual dividend for 2023 was $0.32
• Nokian Renkaat's trailing twelve-month (TTM) dividend yield is 8.42%
• Nokian Renkaat's payout ratio for the trailing twelve months (TTM) is -2666.67%
• Nokian Renkaat's dividend growth over the last five years (2018-2023) was -23.17% year
• Nokian Renkaat's dividend growth over the last ten years (2013-2023) was -12.86% year
Nokian Renkaat Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-31 | $0.12 | semi annually | 2024-12-19 |
2024-05-01 | $0.20 | semi annually | 2024-05-30 |
2023-11-03 | $0.11 | semi annually | 2023-12-20 |
2023-04-27 | $0.21 | semi annually | 2023-05-26 |
2022-11-02 | $0.32 | semi annually | 2022-12-27 |
2022-04-29 | $0.30 | semi annually | 2022-05-26 |
2021-11-03 | $0.40 | semi annually | 2021-12-27 |
2021-03-31 | $0.43 | semi annually | 2021-04-30 |
2020-11-05 | $0.24 | semi annually | 2020-12-24 |
2020-04-03 | $0.93 | semi annually | 2020-05-04 |
2019-04-10 | $1.00 | semi annually | 2019-05-09 |
2018-04-11 | $1.20 | semi annually | 2018-05-10 |
2017-04-10 | $0.88 | semi annually | 2017-05-12 |
2016-04-12 | $0.93 | semi annually | |
2015-04-08 | $0.88 | semi annually | |
2014-04-09 | $1.37 | semi annually | |
2013-04-12 | $1.27 | semi annually |
Nokian Renkaat Dividend per year
Nokian Renkaat Dividend growth
Nokian Renkaat Dividend Yield
Nokian Renkaat current trailing twelve-month (TTM) dividend yield is 8.42%. Interested in purchasing Nokian Renkaat stock? Use our calculator to estimate your expected dividend yield:
Nokian Renkaat Financial Ratios
Nokian Renkaat Dividend FAQ
Other factors to consider when evaluating Nokian Renkaat 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: Nokian Renkaat'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, Nokian Renkaat 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, Nokian Renkaat 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 Nokian Renkaat 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: Nokian Renkaat 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, Nokian Renkaat distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Nokian Renkaat 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 Nokian Renkaat'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 Nokian Renkaat'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.