Solvar Limited provides automotive and personal finance in Australia and New Zealand. The company offers vehicle loans that include loans for new and used cars, motorbikes, utility vehicles, trailers, tractors, trucks, caravan, boats, horse floats, ride on mowers, equipment, and jet skis, as well as secured and unsecured personal loans. It provides loans through brokers and dealers under the Money3, AFS, and Go Car Finance brand names. The company was formerly known as Money3 Corporation Limited and changed its name to Solvar Limited in November 2022. Solvar Limited was incorporated in 2005 and is headquartered in Bundoora, Australia.
Solvar Dividend Announcement
• Solvar announced a semi annually dividend of A$0.05 per ordinary share which will be made payable on 2024-10-11. Ex dividend date: 2024-09-03
• Solvar annual dividend for 2024 was A$0.10
• Solvar annual dividend for 2023 was A$0.16
• Solvar's trailing twelve-month (TTM) dividend yield is 7.75%
• Solvar's payout ratio for the trailing twelve months (TTM) is 75.81%
• Solvar's dividend growth over the last five years (2018-2023) was 11.67% year
• Solvar's dividend growth over the last ten years (2013-2023) was 15.25% year
Solvar Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-03 | A$0.05 | semi annually | 2024-10-11 |
2024-03-03 | A$0.05 | semi annually | 2024-04-19 |
2023-09-01 | A$0.09 | semi annually | 2023-10-09 |
2023-02-28 | A$0.07 | semi annually | 2023-04-13 |
2022-09-01 | A$0.07 | semi annually | 2022-10-06 |
2022-03-15 | A$0.06 | semi annually | 2022-04-29 |
2021-09-08 | A$0.07 | semi annually | 2021-10-14 |
2021-03-08 | A$0.03 | semi annually | 2021-04-08 |
2020-09-02 | A$0.03 | semi annually | 2020-10-09 |
2020-03-04 | A$0.05 | semi annually | 2020-04-20 |
2019-09-23 | A$0.05 | semi annually | 2019-10-22 |
2019-03-04 | A$0.05 | semi annually | 2019-05-23 |
2018-10-01 | A$0.05 | semi annually | 2018-10-23 |
2018-02-26 | A$0.04 | semi annually | 2018-05-21 |
2017-10-04 | A$0.03 | semi annually | 2017-10-27 |
2017-03-13 | A$0.03 | semi annually | 2017-05-15 |
2016-10-05 | A$0.03 | semi annually | |
2016-03-16 | A$0.03 | semi annually | |
2015-10-05 | A$0.03 | semi annually | |
2015-03-18 | A$0.02 | semi annually | |
2014-10-03 | A$0.02 | semi annually | |
2014-03-30 | A$0.02 | semi annually | |
2013-10-04 | A$0.02 | semi annually | |
2013-03-13 | A$0.02 | semi annually |
Solvar Dividend per year
Solvar Dividend growth
Solvar Dividend Yield
Solvar current trailing twelve-month (TTM) dividend yield is 7.75%. Interested in purchasing Solvar stock? Use our calculator to estimate your expected dividend yield:
Solvar Financial Ratios
Solvar Dividend FAQ
Other factors to consider when evaluating Solvar 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: Solvar'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, Solvar 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, Solvar 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 Solvar 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: Solvar 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, Solvar distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Solvar 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 Solvar'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 Solvar'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.