Suncorp Group Limited provides insurance, banking, and wealth products and services to retail, corporate, and commercial sectors in Australia and New Zealand. It operates through three segments: Insurance, Banking & Wealth, and Suncorp New Zealand segments. The Insurance segment designs, manufactures, and delivers general insurance products and services, including home and contents, motor, marine, travel, commercial property, industrial special risk, public liability and professional indemnity, workers' compensation, and compulsory third party products. The Banking & Wealth segment designs, manufactures, and delivers banking, and superannuation and fund administration services, such as commercial, agribusiness, small business, home and personal loans, savings and transaction accounts, foreign exchange services, treasury products and services, superannuation services, and funds administration services. The Suncorp New Zealand segment designs, manufactures, and delivers general and life insurance products comprising home and contents, motor, commercial property, public liability and professional indemnity, life, trauma, total and permanent disablement, and income protection. The company was formerly known as Suncorp-Metway Limited and changed its name to Suncorp Group Limited in December 2010. Suncorp Group Limited was founded in 1902 and is based in Brisbane, Australia.
Suncorp Dividend Announcement
• Suncorp announced a semi annually dividend of $0.29 per ordinary share which will be made payable on 2024-10-02. Ex dividend date: 2024-08-30
• Suncorp annual dividend for 2024 was $0.52
• Suncorp annual dividend for 2023 was $0.41
• Suncorp's trailing twelve-month (TTM) dividend yield is 4.03%
• Suncorp's payout ratio for the trailing twelve months (TTM) is 58.02%
• Suncorp's dividend growth over the last five years (2018-2023) was -7.88% year
• Suncorp's dividend growth over the last ten years (2013-2023) was -5.36% year
Suncorp Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-30 | $0.29 | semi annually | 2024-10-02 |
2024-03-06 | $0.22 | semi annually | 2024-04-18 |
2023-08-18 | $0.18 | semi annually | 2023-10-02 |
2023-02-17 | $0.23 | semi annually | 2023-04-07 |
2022-08-17 | $0.12 | semi annually | 2022-09-28 |
2022-02-17 | $0.16 | semi annually | 2022-04-08 |
2021-08-18 | $0.35 | semi annually | 2021-09-29 |
2021-02-18 | $0.18 | semi annually | 2021-04-08 |
2020-08-28 | $0.07 | semi annually | 2020-10-28 |
2020-02-20 | $0.17 | semi annually | 2020-04-07 |
2019-09-30 | $0.27 | semi annually | |
2019-08-16 | $0.30 | semi annually | 2019-10-02 |
2019-04-03 | $0.18 | semi annually | 2019-05-10 |
2019-03-01 | $0.19 | semi annually | 2019-04-09 |
2018-08-22 | $0.35 | semi annually | 2018-09-26 |
2018-02-23 | $0.26 | semi annually | 2018-04-12 |
2017-08-15 | $0.32 | semi annually | 2017-09-27 |
2017-03-02 | $0.25 | semi annually | 2017-04-10 |
2016-08-11 | $0.29 | semi annually | |
2016-02-18 | $0.21 | semi annually | |
2015-08-13 | $0.37 | semi annually | |
2015-02-19 | $0.29 | semi annually | |
2014-08-21 | $0.65 | semi annually | |
2014-02-27 | $0.31 | semi annually | |
2013-08-27 | $0.45 | semi annually | |
2013-02-28 | $0.26 | semi annually |
Suncorp Dividend per year
Suncorp Dividend growth
Suncorp Dividend Yield
Suncorp current trailing twelve-month (TTM) dividend yield is 4.03%. Interested in purchasing Suncorp stock? Use our calculator to estimate your expected dividend yield:
Suncorp Financial Ratios
Suncorp Dividend FAQ
Other factors to consider when evaluating Suncorp 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: Suncorp'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, Suncorp 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, Suncorp 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 Suncorp 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: Suncorp 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, Suncorp distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Suncorp 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 Suncorp'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 Suncorp'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.