Turners Automotive Group Limited engages in the automotive retail business in New Zealand and Australia. It operates through Automotive Retail, Finance, Credit Management, and Insurance segments. The Automotive Retail segment engages in purchasing and remarketing of motor vehicles, trucks, heavy machinery, and commercial goods. The Finance segment provides asset-based finance to consumers and SME's. The Credit Management segment offers collection, credit management, and debt recovery services to the corporate and SME sectors. The Insurance segment engages in marketing and administration of a range of life and consumer insurance products, and saving products. The company was formerly known as Turners Limited and changed its name to Turners Automotive Group Limited in May 2017. Turners Automotive Group Limited was incorporated in 1984 and is based in Auckland, New Zealand.
Turners Automotive Dividend Announcement
• Turners Automotive announced a quarterly dividend of NZ$0.07 per ordinary share which will be made payable on 2024-10-30. Ex dividend date: 2024-10-11
• Turners Automotive annual dividend for 2024 was NZ$0.33
• Turners Automotive annual dividend for 2023 was NZ$0.24
• Turners Automotive's trailing twelve-month (TTM) dividend yield is 7.3%
• Turners Automotive's payout ratio for the trailing twelve months (TTM) is 24.93%
• Turners Automotive's dividend growth over the last five years (2018-2023) was 12.20% year
Turners Automotive Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-11 | NZ$0.07 | quarterly | 2024-10-30 |
2024-10-10 | NZ$0.06 | quarterly | 2024-10-30 |
2024-07-16 | NZ$0.07 | quarterly | 2024-07-26 |
2024-03-11 | NZ$0.06 | quarterly | 2024-03-27 |
2024-01-08 | NZ$0.06 | quarterly | 2024-01-26 |
2023-10-10 | NZ$0.06 | quarterly | 2023-10-27 |
2023-07-10 | NZ$0.07 | quarterly | 2023-07-28 |
2023-04-14 | NZ$0.06 | quarterly | 2023-04-27 |
2023-01-11 | NZ$0.05 | quarterly | 2023-01-26 |
2022-10-11 | NZ$0.05 | quarterly | 2022-10-27 |
2022-07-18 | NZ$0.07 | quarterly | 2022-07-28 |
2022-04-06 | NZ$0.06 | quarterly | 2022-04-20 |
2022-01-17 | NZ$0.05 | quarterly | 2022-01-27 |
2021-10-18 | NZ$0.05 | quarterly | 2021-10-28 |
2021-07-13 | NZ$0.06 | quarterly | 2021-07-28 |
2021-03-17 | NZ$0.06 | quarterly | 2021-03-30 |
2021-01-13 | NZ$0.04 | quarterly | 2021-01-28 |
2020-10-09 | NZ$0.04 | quarterly | 2020-10-22 |
2020-07-13 | NZ$0.06 | quarterly | 2020-07-24 |
2020-01-17 | NZ$0.04 | quarterly | 2020-01-30 |
2019-10-14 | NZ$0.04 | quarterly | 2019-10-22 |
2019-07-08 | NZ$0.05 | quarterly | 2019-07-18 |
2019-04-18 | NZ$0.04 | quarterly | 2019-04-30 |
2019-01-21 | NZ$0.04 | quarterly | 2019-01-30 |
2018-10-19 | NZ$0.04 | quarterly | 2018-10-30 |
2018-07-02 | NZ$0.05 | quarterly | 2018-07-18 |
2018-04-13 | NZ$0.04 | quarterly | 2018-04-20 |
2017-12-14 | NZ$0.03 | quarterly | 2017-12-22 |
2017-10-26 | NZ$0.03 | quarterly | 2017-11-03 |
2017-07-14 | NZ$0.04 | quarterly | 2017-07-21 |
2017-04-05 | NZ$0.04 | quarterly | 2017-04-12 |
2016-12-15 | NZ$0.03 | quarterly | |
2016-09-22 | NZ$0.03 | quarterly | |
2016-07-20 | NZ$0.07 | quarterly | |
2015-12-04 | NZ$0.01 | quarterly | |
2015-07-08 | NZ$0.01 | quarterly | |
2014-12-10 | NZ$0.00 | quarterly | |
2014-07-14 | NZ$0.01 | quarterly |
Turners Automotive Dividend per year
Turners Automotive Dividend growth
Turners Automotive Dividend Yield
Turners Automotive current trailing twelve-month (TTM) dividend yield is 7.3%. Interested in purchasing Turners Automotive stock? Use our calculator to estimate your expected dividend yield:
Turners Automotive Financial Ratios
Turners Automotive Dividend FAQ
Other factors to consider when evaluating Turners Automotive 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: Turners Automotive'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, Turners Automotive 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, Turners Automotive 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 Turners Automotive 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: Turners Automotive 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, Turners Automotive distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Turners Automotive 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 Turners Automotive'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 Turners Automotive'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.