REN - Redes Energéticas Nacionais, SGPS, S.A., through its subsidiaries, engages in the transmission of electricity and natural gas in Portugal. It operates in two segments, Electricity and Gas; and Telecommunications. The company operates as a national electricity transmission network; purchases, sells, imports, and exports electricity and natural gas; manages a concession to operate a pilot area for the production of electric energy from ocean waves; and operates a telecommunications network. It also operates liquefied natural gas terminal maintenance and regasification facilities; manages projects and ventures in the natural gas sector; provides underground storage development, maintenance, and operation services; offers natural gas transport and management services; and distributes natural gas, as well as provides communication and sustainability, marketing, business management, business development and consulting, and IT project services. In addition, the company invests in assets, shares, companies, and associations; transmits and transforms electricity in Chile, as well as participates, finances, collaborates, and conducts management of companies; and manages back offices. As of December 31, 2021, it operated national electricity transmission system with 8,907 kilometers in lines, 70 transformer substations, and 17 switching and transition stations; and national natural gas transmission network with 1,375 kilometers of high-pressure gas pipelines, 66 junction stations for pipeline branching, 45 block valve stations, 5 T-branch interconnection stations, 85 gas pressure regulating and metering stations, and 2 custody transfer stations. The company was founded in 1994 and is headquartered in Lisbon, Portugal.
REN - Redes Energéticas Nacionais Dividend Announcement
• REN - Redes Energéticas Nacionais announced a semi annually dividend of €0.09 per ordinary share which will be made payable on 2024-05-31. Ex dividend date: 2024-05-29
• REN - Redes Energéticas Nacionais annual dividend for 2024 was €0.09
• REN - Redes Energéticas Nacionais annual dividend for 2023 was €0.15
• REN - Redes Energéticas Nacionais's trailing twelve-month (TTM) dividend yield is 6.64%
• REN - Redes Energéticas Nacionais's payout ratio for the trailing twelve months (TTM) is 120.06%
• REN - Redes Energéticas Nacionais's dividend growth over the last five years (2018-2023) was -2.07% year
• REN - Redes Energéticas Nacionais's dividend growth over the last ten years (2013-2023) was -0.98% year
REN - Redes Energéticas Nacionais Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-29 | €0.09 | semi annually | 2024-05-31 |
2023-12-21 | €0.06 | semi annually | 2023-12-27 |
2023-05-12 | €0.09 | semi annually | 2023-05-16 |
2022-12-21 | €0.06 | semi annually | 2022-12-23 |
2022-05-17 | €0.15 | semi annually | 2022-05-19 |
2021-05-07 | €0.17 | semi annually | 2021-05-11 |
2020-05-21 | €0.17 | semi annually | 2020-05-25 |
2019-05-21 | €0.17 | semi annually | 2019-05-23 |
2018-05-23 | €0.17 | semi annually | 2018-05-25 |
2017-05-29 | €0.17 | semi annually | 2017-05-31 |
2016-04-28 | €0.17 | semi annually | 2016-05-02 |
2015-05-11 | €0.17 | semi annually | 2015-05-13 |
2014-04-25 | €0.17 | semi annually | 2014-04-30 |
2013-05-22 | €0.17 | semi annually | 2013-05-27 |
REN - Redes Energéticas Nacionais Dividend per year
REN - Redes Energéticas Nacionais Dividend growth
REN - Redes Energéticas Nacionais Dividend Yield
REN - Redes Energéticas Nacionais current trailing twelve-month (TTM) dividend yield is 6.64%. Interested in purchasing REN - Redes Energéticas Nacionais stock? Use our calculator to estimate your expected dividend yield:
REN - Redes Energéticas Nacionais Financial Ratios
REN - Redes Energéticas Nacionais Dividend FAQ
Other factors to consider when evaluating REN - Redes Energéticas Nacionais 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: REN - Redes Energéticas Nacionais'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, REN - Redes Energéticas Nacionais 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, REN - Redes Energéticas Nacionais 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 REN - Redes Energéticas Nacionais 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: REN - Redes Energéticas Nacionais 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, REN - Redes Energéticas Nacionais distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: REN - Redes Energéticas Nacionais 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 REN - Redes Energéticas Nacionais'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 REN - Redes Energéticas Nacionais'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.