Smart Metering Systems plc, together with its subsidiaries, installs, operates, and manages meter and energy infrastructure assets, and related data services in the United Kingdom. It operates through three segments: Asset Management, Asset Installation, and Energy Management. The company engages in the regulated management of gas meters, electric meters, and ADM devices. It also installs domestic, industrial, and commercial gas meters and electricity meters, as well as provides energy consultancy services. In addition, the company provides data management, gas utility connections, funding, gas and electric third-party asset management, electricity utility connections and management, engineer training and development, software development, and renewable asset management, as well as administrative services. The company was formerly known as UK Smart Metering Group Limited and changed its name to Smart Metering Systems plc in June 2011. Smart Metering Systems plc was founded in 1995 and is headquartered in Glasgow, the United Kingdom.
Smart Metering Systems Dividend Announcement
• Smart Metering Systems announced a quarterly dividend of £8.32 per ordinary share which will be made payable on 2024-07-25. Ex dividend date: 2024-07-04
• Smart Metering Systems annual dividend for 2024 was £24.96
• Smart Metering Systems annual dividend for 2023 was £31.01
• Smart Metering Systems's trailing twelve-month (TTM) dividend yield is 2.62%
• Smart Metering Systems's payout ratio for the trailing twelve months (TTM) is 244.49%
• Smart Metering Systems's dividend growth over the last five years (2018-2023) was 41.53% year
• Smart Metering Systems's dividend growth over the last ten years (2013-2023) was -7.97% year
Smart Metering Systems Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-04 | £8.32 | quarterly | 2024-07-25 |
2024-04-04 | £8.32 | quarterly | |
2024-01-04 | £8.32 | quarterly | 2024-01-25 |
2023-10-05 | £8.32 | quarterly | 2023-10-26 |
2023-07-06 | £7.56 | quarterly | 2023-07-27 |
2023-04-06 | £7.56 | quarterly | 2023-04-27 |
2023-01-05 | £7.56 | quarterly | 2023-01-26 |
2022-10-06 | £7.56 | quarterly | 2022-10-28 |
2022-06-30 | £6.88 | quarterly | 2022-07-28 |
2022-03-31 | £6.88 | quarterly | 2022-04-28 |
2022-01-06 | £6.88 | quarterly | 2022-01-27 |
2021-09-30 | £6.88 | quarterly | 2021-10-28 |
2021-07-01 | £6.25 | quarterly | 2021-07-29 |
2021-04-01 | £6.25 | quarterly | 2021-04-29 |
2021-01-07 | £6.25 | quarterly | 2021-01-28 |
2020-10-01 | £6.25 | quarterly | 2020-10-29 |
2020-04-23 | £4.58 | quarterly | 2020-06-04 |
2019-10-24 | £2.30 | quarterly | 2019-11-22 |
2019-04-25 | £3.98 | quarterly | 2019-06-06 |
2018-10-25 | £2.00 | quarterly | 2018-11-23 |
2018-04-26 | £3.46 | quarterly | 2018-05-31 |
2017-10-19 | £1.74 | quarterly | 2017-11-24 |
2017-04-27 | £2.73 | quarterly | 2017-06-01 |
2016-10-20 | £1.37 | quarterly | 2016-11-25 |
2016-04-28 | £2.20 | quarterly | 2016-06-02 |
2015-10-15 | £1.10 | quarterly | 2015-11-20 |
2015-04-23 | £1.88 | quarterly | 2015-06-01 |
2014-10-16 | £94.00 | quarterly | 2014-11-21 |
2014-04-23 | £1.61 | quarterly | 2014-05-30 |
2013-10-16 | £70.00 | quarterly | 2013-11-22 |
2013-04-24 | £1.15 | quarterly | 2013-05-31 |
Smart Metering Systems Dividend per year
Smart Metering Systems Dividend growth
Smart Metering Systems Dividend Yield
Smart Metering Systems current trailing twelve-month (TTM) dividend yield is 2.62%. Interested in purchasing Smart Metering Systems stock? Use our calculator to estimate your expected dividend yield:
Smart Metering Systems Financial Ratios
Smart Metering Systems Dividend FAQ
Other factors to consider when evaluating Smart Metering Systems 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: Smart Metering Systems'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, Smart Metering Systems 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, Smart Metering Systems 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 Smart Metering Systems 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: Smart Metering Systems 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, Smart Metering Systems distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Smart Metering Systems 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 Smart Metering Systems'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 Smart Metering Systems'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.