Spirax-Sarco Engineering plc provides engineered solutions for the users of industrial and commercial steam systems, electrical heating and temperature management systems, and pumps and fluid path technologies. It offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating and curing, cleaning and sterilizing, hot water generation, space heating, and humidification; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes, heaters, and systems; and peristaltic and niche pumps and associated fluid path technologies, including pumps, tubing, and specialty filling systems and products for single-use applications. The company serves food, beverage, pharmaceutical and biotechnology, oil, gas, chemical, healthcare, power generation, buildings, mining and precious metal processing, water and wastewater, and pulp and paper, as well as original equipment manufacturers. The company sells its products directly, as well as through distributors. It operates in Europe, the Middle East, and Africa; the Asia Pacific; and the Americas. Spirax-Sarco Engineering plc was founded in 1888 and is headquartered in Cheltenham, the United Kingdom.
Spirax-Sarco Engineering Dividend Announcement
• Spirax-Sarco Engineering announced a semi annually dividend of $0.32 per ordinary share which will be made payable on 2024-12-02. Ex dividend date: 2024-10-18
• Spirax-Sarco Engineering annual dividend for 2024 was $0.99
• Spirax-Sarco Engineering annual dividend for 2023 was $0.96
• Spirax-Sarco Engineering's trailing twelve-month (TTM) dividend yield is 2.98%
• Spirax-Sarco Engineering's payout ratio for the trailing twelve months (TTM) is 61.44%
• Spirax-Sarco Engineering's dividend growth over the last five years (2018-2023) was 9.81% year
Spirax-Sarco Engineering Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-18 | $0.32 | semi annually | 2024-12-02 |
2024-04-25 | $0.67 | semi annually | 2024-06-10 |
2023-10-12 | $0.28 | semi annually | 2023-11-27 |
2023-04-20 | $0.68 | semi annually | 2023-06-05 |
2022-10-13 | $0.25 | semi annually | 2022-11-28 |
2022-04-21 | $0.61 | semi annually | 2022-06-06 |
2021-10-14 | $0.26 | semi annually | 2021-11-29 |
2021-04-23 | $0.60 | semi annually | 2021-06-07 |
2020-10-08 | $0.22 | semi annually | 2020-11-23 |
2020-04-30 | $0.47 | semi annually | 2020-06-08 |
2019-10-10 | $0.20 | semi annually | 2019-11-25 |
2019-04-25 | $0.45 | semi annually | 2019-06-10 |
2018-10-11 | $0.19 | semi annually | 2018-11-26 |
2018-04-26 | $0.41 | semi annually | 2018-06-11 |
2017-10-12 | $0.17 | semi annually | 2017-11-27 |
2017-04-26 | $0.34 | semi annually | 2017-06-12 |
2016-10-12 | $0.14 | semi annually | |
2016-04-27 | $0.35 | semi annually |
Spirax-Sarco Engineering Dividend per year
Spirax-Sarco Engineering Dividend growth
Spirax-Sarco Engineering Dividend Yield
Spirax-Sarco Engineering current trailing twelve-month (TTM) dividend yield is 2.98%. Interested in purchasing Spirax-Sarco Engineering stock? Use our calculator to estimate your expected dividend yield:
Spirax-Sarco Engineering Financial Ratios
Spirax-Sarco Engineering Dividend FAQ
Other factors to consider when evaluating Spirax-Sarco Engineering 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: Spirax-Sarco Engineering'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, Spirax-Sarco Engineering 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, Spirax-Sarco Engineering 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 Spirax-Sarco Engineering 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: Spirax-Sarco Engineering 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, Spirax-Sarco Engineering distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Spirax-Sarco Engineering 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 Spirax-Sarco Engineering'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 Spirax-Sarco Engineering'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.