Sandvik AB (publ) operates as an engineering company in the areas of mining and rock excavation, rock processing, manufacturing and machining, and materials technology in Sweden and internationally. The company offers mining and rock solutions, including drill rigs, underground loaders and trucks, rock drills and other tools, and parts and services, as well as digital and sustainability solutions; and rock processing applications, which include crushing, screening, feeding, breaking, demolition, and recycling. It also provides manufacturing solutions, comprising traditional metal cutting under the Sandvik Coromant, Walter, Wolfram, Seco, and Dormer Pramet brands; and manufactures tools and tooling systems for advanced metal cutting. In addition, the company develops and manufactures advanced stainless steels, powder-based alloys, and special alloys. It serves aerospace, automotive, construction, mining, general engineering, nuclear power generation, oil and gas, process, and renewable energy industries. The company was founded in 1862 and is headquartered in Stockholm, Sweden.
Sandvik Dividend Announcement
• Sandvik announced a annually dividend of $0.33 per ordinary share which will be made payable on 2024-05-15. Ex dividend date: 2024-05-01
• Sandvik annual dividend for 2024 was $0.33
• Sandvik annual dividend for 2023 was $0.48
• Sandvik's trailing twelve-month (TTM) dividend yield is 1.8%
• Sandvik's payout ratio for the trailing twelve months (TTM) is 56.36%
Sandvik Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-01 | $0.33 | annually | 2024-05-15 |
2023-05-01 | $0.48 | annually | 2023-05-15 |
2022-09-23 | $0.72 | annually | 2022-10-03 |
2022-04-28 | $0.51 | annually | 2022-05-13 |
2021-04-28 | $0.76 | annually | 2021-05-13 |
2019-05-01 | $0.45 | annually | 2019-05-16 |
2018-05-01 | $0.43 | annually | 2018-05-16 |
2017-04-28 | $0.31 | annually | 2017-05-12 |
2016-04-28 | $0.31 | annually | 2016-05-18 |
2015-05-07 | $0.42 | annually | 2015-05-29 |
2014-05-14 | $0.55 | annually | 2014-05-29 |
2013-04-26 | $0.55 | annually | 2013-05-13 |
2012-05-03 | $0.49 | annually | 2012-05-17 |
Sandvik Dividend per year
Sandvik Dividend growth
Sandvik Dividend Yield
Sandvik current trailing twelve-month (TTM) dividend yield is 1.8%. Interested in purchasing Sandvik stock? Use our calculator to estimate your expected dividend yield:
Sandvik Financial Ratios
Sandvik Dividend FAQ
Other factors to consider when evaluating Sandvik 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: Sandvik'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, Sandvik 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, Sandvik 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 Sandvik 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: Sandvik 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, Sandvik distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Sandvik 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 Sandvik'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 Sandvik'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.