Southern Cross Media Group Limited, together with its subsidiaries, engages in the creation of audio content for distribution on broadcast and digital networks. It operates in two segments, Audio and Television. The company owns 99 radio stations in FM, AM, and DAB+ radio, as well as 34 regional radio stations; broadcasts 93 free to air TV signals in regional Australia; operates LiSTNR, an audio destination for consumers housing radio, podcasts, music, and news; and offers sales representation for open audio platform SoundCloud and Sonos Radio. It also provides social media, live events, and digital platforms that deliver national and local entertainment, and news content. The company was formerly known as Macquarie Media Group. Southern Cross Media Group Limited was incorporated in 2005 and is based in South Melbourne, Australia.
Southern Cross Media Dividend Announcement
• Southern Cross Media announced a semi annually dividend of A$0.01 per ordinary share which will be made payable on 2024-04-12. Ex dividend date: 2024-03-13
• Southern Cross Media annual dividend for 2024 was A$0.01
• Southern Cross Media annual dividend for 2023 was A$0.07
• Southern Cross Media's trailing twelve-month (TTM) dividend yield is 1.87%
• Southern Cross Media's payout ratio for the trailing twelve months (TTM) is -3.42%
• Southern Cross Media's dividend growth over the last five years (2018-2023) was 4.30% year
• Southern Cross Media's dividend growth over the last ten years (2013-2023) was 0.61% year
Southern Cross Media Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-03-13 | A$0.01 | semi annually | 2024-04-12 |
2023-09-01 | A$0.02 | semi annually | 2023-10-04 |
2023-03-02 | A$0.05 | semi annually | 2023-04-11 |
2022-09-01 | A$0.05 | semi annually | 2022-10-04 |
2022-03-08 | A$0.04 | semi annually | 2022-04-07 |
2021-09-01 | A$0.05 | semi annually | 2021-10-01 |
2020-03-01 | A$0.00 | semi annually | |
2019-09-06 | A$0.03 | semi annually | 2019-10-08 |
2019-02-28 | A$0.03 | semi annually | 2019-04-11 |
2018-09-07 | A$0.03 | semi annually | 2018-10-09 |
2018-03-01 | A$0.03 | semi annually | 2018-04-12 |
2017-09-08 | A$0.03 | semi annually | 2017-10-10 |
2017-03-01 | A$0.03 | semi annually | 2017-04-11 |
2016-09-01 | A$0.02 | semi annually | 2016-10-11 |
2016-04-05 | A$0.02 | semi annually | 2016-05-06 |
2015-09-25 | A$0.02 | semi annually | 2015-11-04 |
2015-03-31 | A$0.02 | semi annually | 2015-05-12 |
2014-09-25 | A$0.02 | semi annually | 2014-11-03 |
2014-03-31 | A$0.03 | semi annually | 2014-04-24 |
2013-09-23 | A$0.03 | semi annually | 2013-10-21 |
2013-04-01 | A$0.03 | semi annually | 2013-04-26 |
Southern Cross Media Dividend per year
Southern Cross Media Dividend growth
Southern Cross Media Dividend Yield
Southern Cross Media current trailing twelve-month (TTM) dividend yield is 1.87%. Interested in purchasing Southern Cross Media stock? Use our calculator to estimate your expected dividend yield:
Southern Cross Media Financial Ratios
Southern Cross Media Dividend FAQ
Other factors to consider when evaluating Southern Cross Media 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: Southern Cross Media'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, Southern Cross Media 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, Southern Cross Media 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 Southern Cross Media 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: Southern Cross Media 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, Southern Cross Media distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Southern Cross Media 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 Southern Cross Media'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 Southern Cross Media'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.