Somero Enterprises, Inc., together with its subsidiaries, designs, assembles, remanufactures, sells, and distributes concrete leveling, contouring, and placing equipment worldwide. It also offers related parts and accessories, as well as provides training services. The company's proprietary products include the CopperHead, Mini Screed C, S-485 Laser Screed, S-940 Laser Screed, S-22EZ Advanced Laser Screed, S-15R Laser Screed, S-10A Laser Screed, S-158C Laser Screed, and S-22E Laser Screed machines, as well as the 3-D Profiler System software and the Somero Floor Levelness System. It also provides Somero Sky Screed 25; Somero line dragon line-pulling and -placing system; STS-11M topping spreaders; SiteShape, a software package for real three-dimensional grade shaping; and factory certified remanufactured equipment. The company's equipment is used to place and screed the concrete slab in various building types, including floors in multi-story buildings; and used in the construction of warehouses, assembly plants, exterior paving and parking structures, retail centers, and other commercial construction projects. The company markets and sells its products primarily to small, medium, and large concrete contractors, as well as to self-performing general contractors. Somero Enterprises, Inc. was founded in 1985 and is headquartered in Fort Myers, Florida.
Somero Enterprises Dividend Announcement
• Somero Enterprises announced a semi annually dividend of £6.01 per ordinary share which will be made payable on 2024-10-18. Ex dividend date: 2024-09-19
• Somero Enterprises annual dividend for 2024 was £22.55
• Somero Enterprises annual dividend for 2023 was £28.61
• Somero Enterprises's trailing twelve-month (TTM) dividend yield is 7.62%
• Somero Enterprises's payout ratio for the trailing twelve months (TTM) is 70.27%
• Somero Enterprises's dividend growth over the last five years (2018-2023) was 33.45% year
• Somero Enterprises's dividend growth over the last ten years (2013-2023) was 38.81% year
Somero Enterprises Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-19 | £6.01 | semi annually | 2024-10-18 |
2024-04-11 | £16.54 | semi annually | 2024-05-10 |
2023-09-21 | £8.13 | semi annually | 2023-10-20 |
2023-04-06 | £20.48 | semi annually | 2023-05-05 |
2022-09-22 | £10.00 | semi annually | 2022-10-21 |
2022-04-07 | £15.09 | semi annually | 2022-05-06 |
2021-09-23 | £6.58 | semi annually | 2021-10-22 |
2021-04-08 | £13.17 | semi annually | 2021-04-30 |
2021-01-07 | £5.67 | semi annually | |
2020-09-24 | £6.04 | semi annually | 2020-10-15 |
2020-04-09 | £7.70 | semi annually | 2020-04-30 |
2019-09-26 | £4.66 | semi annually | 2019-10-17 |
2019-04-04 | £8.94 | semi annually | 2019-04-26 |
2018-09-27 | £4.20 | semi annually | 2018-10-17 |
2018-03-29 | £2.56 | semi annually | 2018-04-20 |
2017-09-28 | £2.05 | semi annually | 2017-10-18 |
2017-07-27 | £10.15 | semi annually | 2017-08-14 |
2017-03-30 | £6.89 | semi annually | 2017-04-17 |
2016-09-29 | £1.93 | semi annually | 2016-10-19 |
2016-03-17 | £3.48 | semi annually | 2016-04-04 |
2015-10-01 | £1.25 | semi annually | 2015-10-19 |
2015-04-23 | £2.65 | semi annually | 2015-05-11 |
2014-10-01 | £0.93 | semi annually | 2014-10-20 |
2014-04-23 | £0.77 | semi annually | 2014-05-12 |
2013-10-02 | £0.56 | semi annually | 2013-10-21 |
2013-04-24 | £0.52 | semi annually | 2013-05-13 |
Somero Enterprises Dividend per year
Somero Enterprises Dividend growth
Somero Enterprises Dividend Yield
Somero Enterprises current trailing twelve-month (TTM) dividend yield is 7.62%. Interested in purchasing Somero Enterprises stock? Use our calculator to estimate your expected dividend yield:
Somero Enterprises Financial Ratios
Somero Enterprises Dividend FAQ
Other factors to consider when evaluating Somero Enterprises 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: Somero Enterprises'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, Somero Enterprises 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, Somero Enterprises 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 Somero Enterprises 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: Somero Enterprises 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, Somero Enterprises distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Somero Enterprises 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 Somero Enterprises'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 Somero Enterprises'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.