SpareBank 1 SR-Bank ASA, together with its subsidiaries, provides various financial products and services for personal and corporate customers in Southern and Western Norway. The company offers its products and services in the areas of savings, loans, advice, insurance, and pensions. It also provides foreign exchange, administrative securities, commercial properties, leasing, accounting, estate agency, payroll/HR, and securities trading services, as well as management and securities management services. In addition, the company facilitates debt and equity funding; and sells real estate properties comprising holiday homes, new builds, and used homes. Further, it is involved in the customer trading of interest rate instruments; and purchasing of home mortgages. Additionally, the company offers green loan; credit and debit cards; consulting; and mobile and online banking services. The company also serves retail and corporate, small business, and agricultural customers, as well as the public sector. As of December 31, 2021, it had 34 branches in the counties of Rogaland, Vestland, Agder, and Oslo. SpareBank 1 SR-Bank ASA was founded in 1839 and is headquartered in Stavanger, Norway.
SpareBank 1 SR-Bank Dividend Announcement
• SpareBank 1 SR-Bank announced a annually dividend of kr7.50 per ordinary share which will be made payable on . Ex dividend date: 2024-04-19
• SpareBank 1 SR-Bank annual dividend for 2024 was kr7.50
• SpareBank 1 SR-Bank annual dividend for 2023 was kr7.00
• SpareBank 1 SR-Bank's trailing twelve-month (TTM) dividend yield is 5.14%
• SpareBank 1 SR-Bank's payout ratio for the trailing twelve months (TTM) is 40.30%
• SpareBank 1 SR-Bank's dividend growth over the last five years (2018-2023) was 10.49% year
• SpareBank 1 SR-Bank's dividend growth over the last ten years (2013-2023) was 16.65% year
SpareBank 1 SR-Bank Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-04-19 | kr7.50 | annually | |
2023-04-14 | kr7.00 | annually | 2023-04-21 |
2022-04-29 | kr6.00 | annually | 2022-05-06 |
2021-10-06 | kr3.10 | annually | 2021-10-13 |
2021-03-12 | kr5.50 | annually | 2021-03-19 |
2020-04-24 | kr5.50 | annually | |
2019-04-25 | kr4.50 | annually | 2019-05-03 |
2018-04-20 | kr4.25 | annually | 2018-04-27 |
2017-04-21 | kr2.25 | annually | 2017-04-28 |
2016-04-28 | kr1.50 | annually | |
2015-04-29 | kr2.00 | annually | |
2014-04-30 | kr1.60 | annually | |
2013-04-26 | kr1.50 | annually |
SpareBank 1 SR-Bank Dividend per year
SpareBank 1 SR-Bank Dividend growth
SpareBank 1 SR-Bank Dividend Yield
SpareBank 1 SR-Bank current trailing twelve-month (TTM) dividend yield is 5.14%. Interested in purchasing SpareBank 1 SR-Bank stock? Use our calculator to estimate your expected dividend yield:
SpareBank 1 SR-Bank Financial Ratios
SpareBank 1 SR-Bank Dividend FAQ
Other factors to consider when evaluating SpareBank 1 SR-Bank 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: SpareBank 1 SR-Bank'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, SpareBank 1 SR-Bank 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, SpareBank 1 SR-Bank 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 SpareBank 1 SR-Bank 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: SpareBank 1 SR-Bank 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, SpareBank 1 SR-Bank distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: SpareBank 1 SR-Bank 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 SpareBank 1 SR-Bank'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 SpareBank 1 SR-Bank'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.