Progress-Werk Oberkirch AG engages in the development and production of metal components and subsystems for mobility industry in Germany, Czechia, Canada, Mexico, Hog Kong, and China. It offers mechanical components for electrical and electronic applications, such as motor housings, rotor housings, and covers for electronic control units. The company also provides safety components for airbags and seats, as well as casings for steering wheel suspension; and structural components and sub-systems for vehicle body and chassis consisting of body components, instrument panel carriers, and air spring pots. Progress-Werk Oberkirch AG was founded in 1919 and is headquartered in Oberkirch, Germany.
Progress-Werk Oberkirch Dividend Announcement
• Progress-Werk Oberkirch announced a annually dividend of €1.75 per ordinary share which will be made payable on 2024-06-11. Ex dividend date: 2024-06-07
• Progress-Werk Oberkirch annual dividend for 2024 was €1.75
• Progress-Werk Oberkirch annual dividend for 2023 was €1.65
• Progress-Werk Oberkirch's trailing twelve-month (TTM) dividend yield is 6.29%
• Progress-Werk Oberkirch's payout ratio for the trailing twelve months (TTM) is 37.98%
Progress-Werk Oberkirch Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-07 | €1.75 | annually | 2024-06-11 |
2023-05-11 | €1.65 | annually | 2023-05-15 |
2022-05-11 | €1.50 | annually | 2022-05-13 |
2019-05-23 | €0.25 | annually | 2019-05-27 |
2018-05-24 | €1.65 | annually | 2018-05-28 |
2017-05-24 | €1.60 | annually | 2017-05-29 |
2016-06-01 | €1.55 | annually | 2016-06-01 |
2015-05-20 | €1.45 | annually | 2015-05-20 |
2014-05-22 | €1.80 | annually | 2014-05-22 |
2013-05-23 | €1.60 | annually | 2013-05-23 |
2012-05-25 | €1.40 | annually | 2012-05-25 |
2011-05-26 | €1.00 | annually | 2011-05-26 |
Progress-Werk Oberkirch Dividend per year
Progress-Werk Oberkirch Dividend growth
Progress-Werk Oberkirch Dividend Yield
Progress-Werk Oberkirch current trailing twelve-month (TTM) dividend yield is 6.29%. Interested in purchasing Progress-Werk Oberkirch stock? Use our calculator to estimate your expected dividend yield:
Progress-Werk Oberkirch Financial Ratios
Progress-Werk Oberkirch Dividend FAQ
Other factors to consider when evaluating Progress-Werk Oberkirch 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: Progress-Werk Oberkirch'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, Progress-Werk Oberkirch 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, Progress-Werk Oberkirch 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 Progress-Werk Oberkirch 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: Progress-Werk Oberkirch 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, Progress-Werk Oberkirch distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Progress-Werk Oberkirch 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 Progress-Werk Oberkirch'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 Progress-Werk Oberkirch'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.