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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 dateDividend amountDividend typePay date
2023-08-25€0.75annually2023-08-29
2022-08-26€0.40annually2022-08-30

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

P/E ratio10.64
PEG ratio0.11
P/B ratio2.74
ROE27.51%
Payout ratio209.04%
Current ratio1.98
Quick ratio1.33
Cash Ratio0.83

Novem Dividend FAQ

Does Novem stock pay dividends?
Novem does not currently pay dividends to its shareholders.
Has Novem ever paid a dividend?
No, Novem has no a history of paying dividends to its shareholders. Novem is not known for its dividend payments.
Why doesn't Novem pay dividends?
There are several potential reasons why Novem would choose not to pay dividends to their shareholders:

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.
Will Novem ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Novem has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Novem a dividend aristocrat?
Novem is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Novem a dividend king?
Novem is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Novem a dividend stock?
No, Novem is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Novem stocks?
To buy Novem you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Novem stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.