Paragon Banking Group PLC provides financial services in the United Kingdom. It operates through three segments: Mortgage Lending, Commercial Lending, and Idem Capital. The Mortgages Lending segment offers buy-to-let, owner-occupied first and second charge lending, and related activities. The Commercial Lending segment provides SME lending, development finance, structured lending, and motor finance services. The Idem Capital segment engages in the acquisition and servicing of products, such as leases, motor finance agreements, mortgages, and unsecured loans; and offers servicing of loan portfolios for clients, including banks, private equity houses, and specialist lenders. It also provides a range of savings products to households. The company was formerly known as The Paragon Group of Companies PLC and changed its name to Paragon Banking Group PLC in September 2017. Paragon Banking Group PLC was founded in 1985 and is headquartered in Solihull, the United Kingdom.
Paragon Banking Dividend Announcement
• Paragon Banking announced a semi annually dividend of £13.20 per ordinary share which will be made payable on 2024-07-26. Ex dividend date: 2024-07-04
• Paragon Banking annual dividend for 2024 was £39.60
• Paragon Banking annual dividend for 2023 was £30.20
• Paragon Banking's trailing twelve-month (TTM) dividend yield is 5.73%
• Paragon Banking's payout ratio for the trailing twelve months (TTM) is 40.58%
• Paragon Banking's dividend growth over the last five years (2018-2023) was 12.85% year
• Paragon Banking's dividend growth over the last ten years (2013-2023) was 15.91% year
Paragon Banking Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-04 | £13.20 | semi annually | 2024-07-26 |
2024-02-01 | £26.40 | semi annually | 2024-03-08 |
2023-07-06 | £11.00 | semi annually | 2023-07-28 |
2023-02-02 | £19.20 | semi annually | 2023-03-03 |
2022-07-07 | £9.40 | semi annually | 2022-07-29 |
2022-01-27 | £18.90 | semi annually | 2022-03-04 |
2021-07-01 | £7.20 | semi annually | 2021-07-23 |
2021-01-28 | £14.40 | semi annually | 2021-02-26 |
2020-01-09 | £14.20 | semi annually | 2020-02-17 |
2019-07-04 | £7.00 | semi annually | 2019-07-26 |
2019-01-10 | £13.90 | semi annually | 2019-02-18 |
2018-07-05 | £5.50 | semi annually | 2018-07-27 |
2018-01-04 | £11.00 | semi annually | 2018-02-19 |
2017-07-06 | £4.70 | semi annually | 2017-07-28 |
2017-01-05 | £9.20 | semi annually | 2017-02-13 |
2016-06-30 | £4.30 | semi annually | 2016-07-22 |
2016-01-07 | £7.40 | semi annually | 2016-02-15 |
2015-07-02 | £3.60 | semi annually | 2015-07-24 |
2015-01-08 | £6.00 | semi annually | 2015-02-16 |
2014-07-02 | £3.00 | semi annually | 2014-07-25 |
2014-01-08 | £4.80 | semi annually | 2014-02-10 |
2013-07-03 | £2.40 | semi annually | 2013-07-26 |
2013-01-09 | £4.50 | semi annually | 2013-02-11 |
Paragon Banking Dividend per year
Paragon Banking Dividend growth
Paragon Banking Dividend Yield
Paragon Banking current trailing twelve-month (TTM) dividend yield is 5.73%. Interested in purchasing Paragon Banking stock? Use our calculator to estimate your expected dividend yield:
Paragon Banking Financial Ratios
Paragon Banking Dividend FAQ
Other factors to consider when evaluating Paragon Banking 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: Paragon Banking'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, Paragon Banking 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, Paragon Banking 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 Paragon Banking 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: Paragon Banking 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, Paragon Banking distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Paragon Banking 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 Paragon Banking'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 Paragon Banking'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.