Troax Group AB (publ), through its subsidiaries, produces and sells mesh panels in the Nordic region, the United Kingdom, North America, Continental Europe, and internationally. The company offers machine guarding systems, such as panels, posts, fixings, doors, locks and switches, barrier protection, and stainless steel machine guards; partition walls, anti-collapse systems, shelves, mesh panels for data centers, guard rails and kick plates on mezzanine, cage storages, single and double locker systems, and art storages; and mesh partition for storage spaces in apartment buildings, cellars, and attics; storage systems; vehicle storage systems; self storage systems, such as panels, hinged doors, roll up doors, mesh, kick plates, and corner guards, soffits, and burglar bars. It also provides accessories, comprising of wire tray systems, smart posts, cutting profiles, smart splice, kick plates, end profiles, panel curves, panel flexi, snapper, edge and gap covers, foam infills, PC holders, extension brackets, functional bonding, door closer, tubes, door frame fixings, cut profile partitioning and anti-collapse, raising foot, end raising foot, corner bracket, door closer partitioning, espagnolette, secure fasteners, shelf, store room numbering, door system holder numberplates, door system kit silence, spare parts securing plates, and door reinforcements. Troax Group AB (publ) was founded in 1955 and is headquartered in Hillerstorp, Sweden.
Troax Dividend Announcement
• Troax announced a annually dividend of kr3.94 per ordinary share which will be made payable on 2024-05-02. Ex dividend date: 2024-04-23
• Troax annual dividend for 2024 was kr3.94
• Troax annual dividend for 2023 was kr3.63
• Troax's trailing twelve-month (TTM) dividend yield is 1.7%
• Troax's payout ratio for the trailing twelve months (TTM) is 60.07%
• Troax's dividend growth over the last five years (2018-2023) was -39.54% year
Troax Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-04-23 | kr3.94 | annually | 2024-05-02 |
| 2023-04-27 | kr3.63 | annually | 2023-05-08 |
| 2022-04-28 | kr3.12 | annually | 2022-05-06 |
| 2021-04-27 | kr2.03 | annually | 2021-05-05 |
| 2020-06-26 | kr1.05 | annually | 2020-07-06 |
| 2020-04-24 | kr21.86 | annually | |
| 2019-05-15 | kr53.81 | annually | 2019-05-21 |
| 2018-05-03 | kr44.92 | annually | 2018-05-09 |
| 2017-05-11 | kr36.25 | annually | 2017-05-17 |
| 2016-05-11 | kr27.93 | annually |
Troax Dividend per year
Troax Dividend growth
Troax Dividend Yield
Troax current trailing twelve-month (TTM) dividend yield is 1.7%. Interested in purchasing Troax stock? Use our calculator to estimate your expected dividend yield:
Troax Financial Ratios
P/E ratio37.69
PEG ratio-35.81
P/B ratio6.99
ROE18.73%
Payout ratio60.07%
Current ratio2.37
Quick ratio1.76
Cash Ratio0.50
Troax Dividend FAQ
How much is the next Troax dividend?
Troax's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Troax dividend. The next Troax dividend will be released in April.
When is Troax dividend paid?
Troax pays dividends on a annually basis. The specific dates may vary each year but are generally around April. 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 Troax pay?
The specific amount of Troax 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 Troax's dividend history.
Does Troax stock pay dividends?
Yes, Troax 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 Troax's dividend history.
How much dividend does Troax pay?
Troax paid kr3.941 in 2024, kr3.63 in 2023, kr3.117 in 2022, kr2.027 in 2021, and kr22.907 in 2020.
How often does Troax pay dividends?
Troax typically pays dividends on a annually basis. This means that dividends are usually distributed 1 times a year. The specific payout dates may vary each year but generally fall around April.
What is Troax's dividend yield?
The current dividend yield for Troax is 1.7%. 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 Troax's exact dividend yield.
When does Troax go ex dividend?
Troax's ex-dividend date for the latest dividend was on 2024-04-23. Troax 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 Troax dividend paid?
Troax pays dividends on a annually basis, typically around April, but the exact dates can vary each year.
Will Troax 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 Troax 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 Troax dividend per share?
Troax paid kr3.941 per share in 2024 and kr3.63 per share in 2023. The amount of dividend per share that Troax 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 Troax 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 Troax 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 Troax a dividend stock?
Yes, Troax is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Troax a good dividend stock?
Whether Troax is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Troax has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Troax 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 Troax 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 Troax pay dividends monthly?
Troax typically pays dividends on a annually basis.
Does Troax pay dividends quarterly?
Troax currently pays dividends on a annually basis.
Has Troax ever paid a dividend?
Yes, Troax has a history of paying dividends to its shareholders. Troax is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Troax dividend stocks?
To buy Troax 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 Troax 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 Troax 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 Troax pay dividends 2024?
Troax pays dividends on a annually basis. 2024 dividend payments are in 2024-05-02. 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 Troax increase its dividend in 2024?
Decisions regarding Troax 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 Troax dividend overview you can look into the above table of dividend history.
How Troax dividend works?
The Troax 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 Troax's dividend process works:
1. Determination of Dividend: Troax'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, Troax 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, Troax 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 Troax 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: Troax'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, Troax 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, Troax 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 Troax 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 Troax dividends paid?
Troax dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Troax 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, Troax distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Troax 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: Troax 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, Troax distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Troax 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 Troax pay dividends?
Troax typically pays dividends on a 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 Troax pay dividends?
The general pattern is that Troax pays dividends around April. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Troax dividend safe?
The safety of Troax'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 Troax'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 Troax'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 Troax'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 Troax'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.