Novem Group S.A. develops and supplies trim elements and decorative function elements in car interiors for automotive industry in Luxembourg and internationally. The company's products portfolio includes instrument panels, impact-resistant trim parts in center console, door trims, and beltlines or dashboards. Novem Group S.A. was founded in 1947 and is based in Contern, Luxembourg.
Novem Dividend Announcement
• Novem announced a annually dividend of €0.75 per ordinary share which will be made payable on 2023-08-29. Ex dividend date: 2023-08-25
• Novem annual dividend for 2023 was €0.75
• Novem's trailing twelve-month (TTM) dividend yield is -%
• Novem's payout ratio for the trailing twelve months (TTM) is 209.04%
Novem Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2023-08-25 | €0.75 | annually | 2023-08-29 |
2022-08-26 | €0.40 | annually | 2022-08-30 |
Novem Dividend per year
Novem Dividend Yield
Novem current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Novem stock? Use our calculator to estimate your expected dividend yield:
Novem Financial Ratios
Novem Dividend FAQ
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
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