Acerinox is a dividend paying company with a current yield of 6.13% that is well covered by earnings. Next payment date is on 19th July, 2024 with an ex-dividend date of 17th July, 2024.
Key information
6.1%
Dividend yield
68%
Payout ratio
Industry average yield
3.8%
Next dividend pay date
19 Jul 24
Ex dividend date
17 Jul 24
Dividend per share
n/a
Earnings per share
€0.58
Dividend yield forecast in 3Y
6.2%
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, ACX has been paying a dividend for less than 10 years.
Growing Dividend: ACX's dividend payments have increased, but the company has only paid a dividend for 7 years.
Dividend Yield vs Market
Acerinox Dividend Yield vs Market
How does ACX dividend yield compare to the market?
Segment
Dividend Yield
Company (ACX)
6.1%
Market Bottom 25% (AT)
1.9%
Market Top 25% (AT)
5.9%
Industry Average (Metals and Mining)
3.8%
Analyst forecast in 3 Years (ACX)
6.2%
Notable Dividend: ACX's dividend (6.13%) is higher than the bottom 25% of dividend payers in the Austrian market (1.91%).
High Dividend: ACX's dividend (6.13%) is in the top 25% of dividend payers in the Austrian market (5.87%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (67.7%), ACX's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (29.7%), ACX's dividend payments are well covered by cash flows.