Salzgitter AG, together with its subsidiaries, engages in steel and technology businesses worldwide. It operates through five segments: Strip Steel, Plate/Section Steel, Mannesmann, Trading, and Technology. The Strip Steel segment manufactures branded and special steels, such as hot-rolled strip steel and steel sheets, sections, tailored blanks, and components for the construction industry. The Plate/Section Steel segment produces various high-grade heavy plates for engineering, shipbuilding, and mechanical engineering, as well as trades in scrap. The Mannesmann segment is involved in the manufacture of line pipes, HFI-welded tubes, precision and stainless-steel tubes, and spiral-welded and longitudinal-welded large-diameter pipes; and seamless and welded tubes for the energy, automotive, and mechanical engineering sectors. The Trading segment operates a European sales network, as well as trading companies and agencies worldwide. The Technology segment engages in the provision of machinery and plants for the filling and packaging of beverages, as well as special machinery engineering for shoe manufacturing and elastomer production. The company also provides IT, facility management, logistics, automotive engineering, and research and development services, as well as supplies raw materials. Salzgitter AG was founded in 1858 and is headquartered in Salzgitter, Germany.
Salzgitter Dividend Announcement
• Salzgitter announced a annually dividend of $0.05 per ordinary share which will be made payable on 2024-06-18. Ex dividend date: 2024-05-31
• Salzgitter annual dividend for 2024 was $0.05
• Salzgitter annual dividend for 2023 was $0.12
• Salzgitter's trailing twelve-month (TTM) dividend yield is 3.03%
• Salzgitter's payout ratio for the trailing twelve months (TTM) is -229.25%
Salzgitter Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-31 | $0.05 | annually | 2024-06-18 |
2023-05-25 | $0.12 | annually | 2023-06-14 |
2022-06-03 | $0.08 | annually | 2022-06-23 |
2020-06-01 | $0.02 | annually | 2020-07-28 |
2019-05-23 | $0.07 | annually | 2019-06-12 |
2018-05-24 | $0.06 | annually | 2018-06-13 |
2017-06-01 | $0.04 | annually | 2017-06-21 |
2016-05-27 | $0.03 | annually | 2016-06-17 |
2015-05-26 | $0.03 | annually | |
2014-05-20 | $0.04 | annually | |
2013-05-21 | $0.04 | annually | |
2012-05-22 | $0.08 | annually |
Salzgitter Dividend per year
Salzgitter Dividend growth
Salzgitter Dividend Yield
Salzgitter current trailing twelve-month (TTM) dividend yield is 3.03%. Interested in purchasing Salzgitter stock? Use our calculator to estimate your expected dividend yield:
Salzgitter Financial Ratios
Salzgitter Dividend FAQ
Other factors to consider when evaluating Salzgitter 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: Salzgitter'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, Salzgitter 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, Salzgitter 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 Salzgitter 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: Salzgitter 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, Salzgitter distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Salzgitter 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 Salzgitter'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 Salzgitter'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.