Steel & Tube Holdings Limited engages in the distribution and processing of steel, fastenings, and metal floor decking products in New Zealand. It operates in two segments, Distribution and Infrastructure. The company offers structural steel, bar and plate products, and hollow steel sections; pipe and cable support products that include clip pipes, cables, and wire suspension systems; and stainless steel products, such as coils, sheets, plates, pipes, hygienic tube and associated fittings, and various structural bars, handrails, and architectural products to large scale projects and to the stainless steel fabricators, major corporations, and businesses in the construction, diary, water, food processing, energy, and manufacturing sectors. It also provides architectural stainless steel and other metals; chain and rigging services and solutions; pipes, valves, and fittings for petrochemical, power generation, mining, irrigation, fire protection, building services, and water and wastewater industries; profile metal roofing, cladding, and rainwater products; HST purlins and top hats; and fastening solutions for construction, manufacturing, general engineering, and fabrication sectors. In addition, the company offers fabricated reinforcing steel meshes, bars, ties, piles, beams, and columns for use in building and construction industry; composite floor decks; industrial consumable products, such as grinding discs and cut off wheels, adhesives and sealants, drills and drill sets, CRC and ROCOL, and industrial tools; galvanised, hot- and cold-rolled, aluminized, enameled, and colorsteel sheet and coil solutions; and reinforcing, fencing, fence panels, wire, gates, and nail products for use in agricultural, horticultural, and viticultural industries, as well as rural construction sector. Steel & Tube Holdings Limited was incorporated in 1953 and is based in Auckland, New Zealand.
Steel & Tube Dividend Announcement
• Steel & Tube announced a semi annually dividend of NZ$0.02 per ordinary share which will be made payable on 2024-09-27. Ex dividend date: 2024-09-04
• Steel & Tube annual dividend for 2024 was NZ$0.06
• Steel & Tube annual dividend for 2023 was NZ$0.08
• Steel & Tube's trailing twelve-month (TTM) dividend yield is 6.48%
• Steel & Tube's payout ratio for the trailing twelve months (TTM) is 221.64%
• Steel & Tube's dividend growth over the last five years (2018-2023) was 4.31% year
• Steel & Tube's dividend growth over the last ten years (2013-2023) was 12.56% year
Steel & Tube Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-09-04 | NZ$0.02 | semi annually | 2024-09-27 |
| 2024-03-13 | NZ$0.04 | semi annually | |
| 2023-09-07 | NZ$0.04 | semi annually | 2023-09-22 |
| 2023-03-22 | NZ$0.04 | semi annually | 2023-04-06 |
| 2022-09-08 | NZ$0.07 | semi annually | 2022-09-23 |
| 2022-03-10 | NZ$0.06 | semi annually | 2022-03-25 |
| 2021-09-09 | NZ$0.03 | semi annually | 2021-09-24 |
| 2021-03-11 | NZ$0.01 | semi annually | 2021-03-26 |
| 2020-03-12 | NZ$0.01 | semi annually | |
| 2019-09-12 | NZ$0.01 | semi annually | 2019-09-27 |
| 2019-03-14 | NZ$0.04 | semi annually | 2019-03-29 |
| 2018-03-14 | NZ$0.06 | semi annually | 2018-03-29 |
| 2017-09-14 | NZ$0.06 | semi annually | 2017-09-29 |
| 2017-03-16 | NZ$0.08 | semi annually | 2017-03-31 |
| 2016-09-15 | NZ$0.12 | semi annually | |
| 2016-03-10 | NZ$0.08 | semi annually | |
| 2015-09-23 | NZ$0.02 | semi annually | |
| 2015-03-18 | NZ$0.08 | semi annually | |
| 2014-09-10 | NZ$0.08 | semi annually | |
| 2014-03-12 | NZ$0.06 | semi annually | |
| 2013-09-11 | NZ$0.01 | semi annually | |
| 2013-03-13 | NZ$0.01 | semi annually |
Steel & Tube Dividend per year
Steel & Tube Dividend growth
Steel & Tube Dividend Yield
Steel & Tube current trailing twelve-month (TTM) dividend yield is 6.48%. Interested in purchasing Steel & Tube stock? Use our calculator to estimate your expected dividend yield:
Steel & Tube Financial Ratios
P/E ratio15.53
PEG ratio3.58
P/B ratio0.82
ROE5.11%
Payout ratio221.64%
Current ratio3.50
Quick ratio1.36
Cash Ratio0.15
Steel & Tube Dividend FAQ
How much is the next Steel & Tube dividend?
Steel & Tube's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Steel & Tube dividend. The next Steel & Tube dividend will be released in March, or September.
When is Steel & Tube dividend paid?
Steel & Tube pays dividends on a semi annually basis. The specific dates may vary each year but are generally around March, and September. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Steel & Tube pay?
The specific amount of Steel & Tube dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Steel & Tube's dividend history.
Does Steel & Tube stock pay dividends?
Yes, Steel & Tube does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Steel & Tube's dividend history.
How much dividend does Steel & Tube pay?
Steel & Tube paid NZ$0.064 in 2024, NZ$0.08 in 2023, NZ$0.13 in 2022, NZ$0.045 in 2021, and NZ$0.015 in 2020.
How often does Steel & Tube pay dividends?
Steel & Tube typically pays dividends on a semi annually basis. This means that dividends are usually distributed 2 times a year. The specific payout dates may vary each year but generally fall around March, and September.
What is Steel & Tube's dividend yield?
The current dividend yield for Steel & Tube is 6.48%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Steel & Tube's exact dividend yield.
When does Steel & Tube go ex dividend?
Steel & Tube's ex-dividend date for the latest dividend was on 2024-09-04. Steel & Tube typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Steel & Tube dividend paid?
Steel & Tube pays dividends on a semi annually basis, typically around March, or September, but the exact dates can vary each year.
Will Steel & Tube increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Steel & Tube will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Steel & Tube dividend per share?
Steel & Tube paid NZ$0.064 per share in 2024 and NZ$0.08 per share in 2023. The amount of dividend per share that Steel & Tube pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Steel & Tube a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Steel & Tube a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Steel & Tube a dividend stock?
Yes, Steel & Tube is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Steel & Tube a good dividend stock?
Whether Steel & Tube is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Steel & Tube has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Steel & Tube 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.
Other factors to consider when evaluating Steel & Tube 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.
Does Steel & Tube pay dividends monthly?
Steel & Tube typically pays dividends on a semi annually basis.
Does Steel & Tube pay dividends quarterly?
Steel & Tube currently pays dividends on a semi annually basis.
Has Steel & Tube ever paid a dividend?
Yes, Steel & Tube has a history of paying dividends to its shareholders. Steel & Tube is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Steel & Tube dividend stocks?
To buy Steel & Tube you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Steel & Tube stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy Steel & Tube stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Steel & Tube pay dividends 2024?
Steel & Tube pays dividends on a semi annually basis. 2024 dividend payments are in 2024-09-27. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Steel & Tube increase its dividend in 2024?
Decisions regarding Steel & Tube dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Steel & Tube dividend overview you can look into the above table of dividend history.
How Steel & Tube dividend works?
The Steel & Tube dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Steel & Tube's dividend process works:
1. Determination of Dividend: Steel & Tube'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, Steel & Tube 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, Steel & Tube 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 Steel & Tube 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. Determination of Dividend: Steel & Tube'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, Steel & Tube 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, Steel & Tube 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 Steel & Tube 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.
How are Steel & Tube dividends paid?
Steel & Tube dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Steel & Tube 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, Steel & Tube distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Steel & Tube 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.
1. Record Date: Steel & Tube 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, Steel & Tube distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Steel & Tube 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.
How many times does Steel & Tube pay dividends?
Steel & Tube typically pays dividends on a semi annually basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Steel & Tube pay dividends?
The general pattern is that Steel & Tube pays dividends around March, and September. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Steel & Tube dividend safe?
The safety of Steel & Tube's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Steel & Tube'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 Steel & Tube'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.
To assess the safety of Steel & Tube'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 Steel & Tube'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.