VEEM Ltd manufactures and sells propulsion and stabilization systems. The company offers gyrostabilizers, CNC machined monobloc propellers shaft lines, and marine ride control fins; forever pipe, a bimetal centrifugally cast hollow bars; and engineering services. It also manufactures bespoke components for defense, mining, and processing industries. The company was founded in 1968 and is headquartered in Canning Vale, Australia. VEEM Ltd is a subsidiary of Veem Corporation Pty Ltd.
VEEM Dividend Announcement
• VEEM announced a semi annually dividend of A$0.01 per ordinary share which will be made payable on 2024-09-20. Ex dividend date: 2024-09-05
• VEEM annual dividend for 2024 was A$0.02
• VEEM annual dividend for 2023 was A$0.01
• VEEM's trailing twelve-month (TTM) dividend yield is 1.01%
• VEEM's payout ratio for the trailing twelve months (TTM) is 24.87%
• VEEM's dividend growth over the last five years (2018-2023) was 7.46% year
VEEM Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-05 | A$0.01 | semi annually | 2024-09-20 |
2024-03-05 | A$0.01 | semi annually | |
2023-09-05 | A$0.01 | semi annually | 2023-09-20 |
2023-03-08 | A$0.00 | semi annually | 2023-04-19 |
2022-09-06 | A$0.00 | semi annually | 2022-09-21 |
2022-03-08 | A$0.00 | semi annually | 2022-04-19 |
2021-09-06 | A$0.00 | semi annually | 2021-09-21 |
2021-03-05 | A$0.00 | semi annually | 2021-04-19 |
2020-09-11 | A$0.00 | semi annually | 2020-09-25 |
2020-03-06 | A$0.00 | semi annually | 2020-04-24 |
2019-09-12 | A$0.00 | semi annually | 2019-09-27 |
2019-03-07 | A$0.00 | semi annually | 2019-04-26 |
2018-09-06 | A$0.00 | semi annually | 2018-09-28 |
2018-03-08 | A$0.00 | semi annually | 2018-04-27 |
2017-09-06 | A$0.01 | semi annually | 2017-09-21 |
VEEM Dividend per year
VEEM Dividend growth
VEEM Dividend Yield
VEEM current trailing twelve-month (TTM) dividend yield is 1.01%. Interested in purchasing VEEM stock? Use our calculator to estimate your expected dividend yield:
VEEM Financial Ratios
VEEM Dividend FAQ
Other factors to consider when evaluating VEEM 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: VEEM'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, VEEM 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, VEEM 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 VEEM 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: VEEM 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, VEEM distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: VEEM 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 VEEM'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 VEEM'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.