Pirelli & C is a dividend paying company with a current yield of 3.31% that is well covered by earnings. Next payment date is on 26th June, 2024 with an ex-dividend date of 24th June, 2024.
Key information
3.3%
Dividend yield
41%
Payout ratio
Industry average yield
3.4%
Next dividend pay date
26 Jun 24
Ex dividend date
24 Jun 24
Dividend per share
n/a
Earnings per share
€0.48
Dividend yield forecast in 3Y
4.8%
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: PIRCM has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: PIRCM's dividend payments have increased, but the company has only paid a dividend for 5 years.
Dividend Yield vs Market
Pirelli & C Dividend Yield vs Market
How does PIRCM dividend yield compare to the market?
Segment
Dividend Yield
Company (PIRCM)
3.3%
Market Bottom 25% (GB)
2.2%
Market Top 25% (GB)
5.8%
Industry Average (Auto Components)
3.4%
Analyst forecast in 3 Years (PIRCM)
4.8%
Notable Dividend: PIRCM's dividend (3.31%) is higher than the bottom 25% of dividend payers in the UK market (2.17%).
High Dividend: PIRCM's dividend (3.31%) is low compared to the top 25% of dividend payers in the UK market (5.78%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (41.3%), PIRCM's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (20.6%), PIRCM's dividend payments are well covered by cash flows.