Reka Industrial Oyj manufactures and sells cables and rubbers in Finland, Poland, Sweden, Denmark, Norway, and Russia. It offers instrumentation cables, fire-resistant cables, medium and high voltage cables, wind power cables, halogen-free cables, network power cables, and standard cables under the FlameRex, DryRex, LiteRex, PoweRex, and Reka brands. The company also provides small and medium-sized rubber components for the vehicle and mechanical engineering industries. It serves the industry, construction, power distribution, and equipment manufacturers. The company was formerly known as Neo Industrial Plc and changed its name to Reka Industrial Oyj in December 2020. Reka Industrial Oyj was founded in 1898 and is based in Hyvinkää, Finland. Reka Industrial Oyj is a subsidiary of Reka Ltd.
Reka Industrial Dividend Announcement
• Reka Industrial announced a semi annually dividend of €2.00 per ordinary share which will be made payable on 2024-05-03. Ex dividend date: 2024-04-24
• Reka Industrial annual dividend for 2024 was €2.00
• Reka Industrial annual dividend for 2023 was €0.40
• Reka Industrial's trailing twelve-month (TTM) dividend yield is 41.67%
• Reka Industrial's payout ratio for the trailing twelve months (TTM) is -25.34%
Reka Industrial Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-04-24 | €2.00 | semi annually | 2024-05-03 |
2023-05-25 | €0.20 | semi annually | 2023-06-02 |
2023-05-12 | €0.20 | semi annually | 2023-05-23 |
2022-04-07 | €0.09 | semi annually | 2022-04-20 |
2021-04-09 | €0.05 | semi annually | 2021-05-10 |
2019-03-29 | €0.02 | semi annually | 2019-04-29 |
2018-10-24 | €0.04 | semi annually | 2018-11-05 |
2018-03-23 | €0.04 | semi annually | 2018-04-04 |
2017-03-31 | €0.04 | semi annually | 2017-04-27 |
2010-06-10 | €0.25 | semi annually | |
2009-06-11 | €0.25 | semi annually | |
2008-06-12 | €0.50 | semi annually | |
2007-03-23 | €0.30 | semi annually | |
2006-03-20 | €0.30 | semi annually |
Reka Industrial Dividend per year
Reka Industrial Dividend growth
Reka Industrial Dividend Yield
Reka Industrial current trailing twelve-month (TTM) dividend yield is 41.67%. Interested in purchasing Reka Industrial stock? Use our calculator to estimate your expected dividend yield:
Reka Industrial Financial Ratios
Reka Industrial Dividend FAQ
Other factors to consider when evaluating Reka Industrial 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: Reka Industrial'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, Reka Industrial 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, Reka Industrial 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 Reka Industrial 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: Reka Industrial 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, Reka Industrial distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Reka Industrial 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 Reka Industrial'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 Reka Industrial'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.