Purmo Group Oyj provides indoor climate comfort solutions worldwide. It operates in two divisions, Radiators and Indoor Climate Systems (ICS). The Radiator division manufactures panel radiators comprising horizontal and decorative panel radiators, as well as vertical decorative radiators; and other radiators, such as towel warmers, decorative tubular radiators, and electric radiators. The ICS division offers radiant heating and cooling, air heating and cooling, and water distribution systems, as well as system components and controls to residential and non-residential buildings. The company also provides underfloor heating products, convectors, valves, and controls. It serves sanitary and heating wholesalers. The company was founded in 1953 and is headquartered in Helsinki, Finland. Purmo Group Oyj is a subsidiary of Rettig Group Ltd.
Purmo Dividend Announcement
• Purmo announced a quarterly dividend of €0.09 per ordinary share which will be made payable on 2025-01-24. Ex dividend date: 2025-01-16
• Purmo's trailing twelve-month (TTM) dividend yield is 4.0%
• Purmo's payout ratio for the trailing twelve months (TTM) is -64.22%
Purmo Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2025-01-16 | €0.09 | quarterly | 2025-01-24 |
2024-10-17 | €0.09 | quarterly | 2024-10-25 |
2024-07-18 | €0.09 | quarterly | 2024-07-26 |
2024-04-18 | €0.09 | quarterly | 2024-04-26 |
2024-03-14 | €0.09 | quarterly | 2024-03-22 |
2023-12-11 | €0.09 | quarterly | 2023-12-19 |
2023-09-14 | €0.09 | quarterly | 2023-09-22 |
2023-04-13 | €0.09 | quarterly | 2023-04-21 |
2022-09-23 | €0.18 | quarterly | 2022-10-03 |
2022-04-26 | €0.18 | quarterly | 2022-05-04 |
Purmo Dividend per year
Purmo Dividend growth
Purmo Dividend Yield
Purmo current trailing twelve-month (TTM) dividend yield is 4.0%. Interested in purchasing Purmo stock? Use our calculator to estimate your expected dividend yield:
Purmo Financial Ratios
Purmo Dividend FAQ
Other factors to consider when evaluating Purmo 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: Purmo'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, Purmo 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, Purmo 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 Purmo 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: Purmo 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, Purmo distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Purmo 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 Purmo'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 Purmo'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.