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Sýn hf. provides communication and media service in Iceland. The company operates radio station under the Vodafone, Stöð 2, Stöð 2 Sport, Visi, Biljana, FM957, and X977 brands. It offers a subscription-based television network, and advertisement services. The company was formerly known as Fjarskipti hf. and changed its name to Sýn hf. in April 2018. Sýn hf. was incorporated in 2005 and is headquartered in Reykjavík, Iceland.

Sýn Dividend Announcement

• Sýn announced a annually dividend of kr1.12 per ordinary share which will be made payable on 2023-04-07. Ex dividend date: 2023-03-20
• Sýn annual dividend for 2023 was kr1.12
• Sýn's trailing twelve-month (TTM) dividend yield is -%

Sýn Dividend History

Ex-Div dateDividend amountDividend typePay date
2023-03-20kr1.12annually2023-04-07
2015-03-20kr0.65annually

Sýn Dividend per year

Sýn Dividend Yield

Sýn current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Sýn stock? Use our calculator to estimate your expected dividend yield:

Sýn Financial Ratios

P/E ratio5.21
PEG ratio0.07
P/B ratio0.52
ROE9.82%
Payout ratio0.00%
Current ratio1.04
Quick ratio1.00
Cash Ratio0.03

Sýn Dividend FAQ

Does Sýn stock pay dividends?
Sýn does not currently pay dividends to its shareholders.
Has Sýn ever paid a dividend?
No, Sýn has no a history of paying dividends to its shareholders. Sýn is not known for its dividend payments.
Why doesn't Sýn pay dividends?
There are several potential reasons why Sýn would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Sýn ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Sýn has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Sýn a dividend aristocrat?
Sýn is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Sýn a dividend king?
Sýn is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Sýn a dividend stock?
No, Sýn is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Sýn stocks?
To buy Sýn you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Sýn stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.