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Solid Försäkringsaktiebolag (publ) provides non-life insurance products for private individuals in Sweden, Denmark, Norway, Finland, and the rest of Europe. It operates in three segments: Personal Safety, Product, and Assistance. The company offers bicycle, consumer electronics, income, payment protection, ID theft, accident, travel and cancellation protection, and all-risk insurance products; and assistance, insurance associated with vehicle warranties, and various insurance products for the travel industry. It also provides a deductible for white goods, garden tools, glasses, watches, and jewelry. The company offers its products through retail chains, banks, credit institutions, travel agents, and car dealerships, as well as directly to consumers. Solid Försäkringsaktiebolag (publ) was incorporated in 1993 and is headquartered in Helsingborg, Sweden.

Solid Försäkringsaktiebolag Dividend Announcement

• Solid Försäkringsaktiebolag announced a annually dividend of kr4.50 per ordinary share which will be made payable on 2024-05-03. Ex dividend date: 2024-04-26
• Solid Försäkringsaktiebolag annual dividend for 2024 was kr4.50
• Solid Försäkringsaktiebolag annual dividend for 2023 was kr2.85
• Solid Försäkringsaktiebolag's trailing twelve-month (TTM) dividend yield is 5.29%
• Solid Försäkringsaktiebolag's payout ratio for the trailing twelve months (TTM) is 48.34%

Solid Försäkringsaktiebolag Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-04-26kr4.50annually2024-05-03
2023-04-27kr2.85annually2023-05-04

Solid Försäkringsaktiebolag Dividend per year

Solid Försäkringsaktiebolag Dividend Yield

Solid Försäkringsaktiebolag current trailing twelve-month (TTM) dividend yield is 5.29%. Interested in purchasing Solid Försäkringsaktiebolag stock? Use our calculator to estimate your expected dividend yield:

Solid Försäkringsaktiebolag Financial Ratios

P/E ratio8.66
PEG ratio-0.17
P/B ratio3.21
ROE38.21%
Payout ratio48.34%
Current ratio10.52
Quick ratio10.52
Cash Ratio5.00

Solid Försäkringsaktiebolag Dividend FAQ

Does Solid Försäkringsaktiebolag stock pay dividends?
Solid Försäkringsaktiebolag does not currently pay dividends to its shareholders.
Has Solid Försäkringsaktiebolag ever paid a dividend?
No, Solid Försäkringsaktiebolag has no a history of paying dividends to its shareholders. Solid Försäkringsaktiebolag is not known for its dividend payments.
Why doesn't Solid Försäkringsaktiebolag pay dividends?
There are several potential reasons why Solid Försäkringsaktiebolag 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 Solid Försäkringsaktiebolag 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 Solid Försäkringsaktiebolag 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 Solid Försäkringsaktiebolag a dividend aristocrat?
Solid Försäkringsaktiebolag 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 Solid Försäkringsaktiebolag a dividend king?
Solid Försäkringsaktiebolag 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 Solid Försäkringsaktiebolag a dividend stock?
No, Solid Försäkringsaktiebolag 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 Solid Försäkringsaktiebolag stocks?
To buy Solid Försäkringsaktiebolag 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 Solid Försäkringsaktiebolag 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.