Nexans is a dividend paying company with a current yield of 2.32% that is well covered by earnings. Next payment date is on 23rd May, 2024 with an ex-dividend date of 21st May, 2024.
Key information
2.3%
Dividend yield
45%
Payout ratio
Industry average yield
1.9%
Next dividend pay date
23 May 24
Ex dividend date
21 May 24
Dividend per share
n/a
Earnings per share
€5.06
Dividend yield forecast in 3Y
2.9%
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: NXS has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: NXS's dividend payments have increased, but the company has only paid a dividend for 7 years.
Dividend Yield vs Market
Nexans Dividend Yield vs Market
How does NXS dividend yield compare to the market?
Segment
Dividend Yield
Company (NXS)
2.3%
Market Bottom 25% (DE)
1.7%
Market Top 25% (DE)
4.8%
Industry Average (Electrical)
1.9%
Analyst forecast in 3 Years (NXS)
2.9%
Notable Dividend: NXS's dividend (2.32%) is higher than the bottom 25% of dividend payers in the German market (1.65%).
High Dividend: NXS's dividend (2.32%) is low compared to the top 25% of dividend payers in the German market (4.77%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (45.4%), NXS's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (31.1%), NXS's dividend payments are well covered by cash flows.