AB Traction Dividend
Dividend criteria checks 4/6
AB Traction is a dividend paying company with a current yield of 3.71% that is well covered by earnings. Next payment date is on 10th May, 2024 with an ex-dividend date of 3rd May, 2024.
Key information
3.7%
Dividend yield
57%
Payout ratio
| Industry average yield | 1.8% |
| Next dividend pay date | 10 May 24 |
| Ex dividend date | 03 May 24 |
| Dividend per share | n/a |
| Earnings per share | kr18.24 |
| Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: TRAC B's dividend payments have been volatile in the past 10 years.
Growing Dividend: TRAC B's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| AB Traction Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (TRAC B) | 3.7% |
| Market Bottom 25% (SE) | 1.5% |
| Market Top 25% (SE) | 4.3% |
| Industry Average (Capital Markets) | 1.8% |
| Analyst forecast in 3 Years (TRAC B) | n/a |
Notable Dividend: TRAC B's dividend (3.71%) is higher than the bottom 25% of dividend payers in the Swedish market (1.53%).
High Dividend: TRAC B's dividend (3.71%) is low compared to the top 25% of dividend payers in the Swedish market (4.33%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (57.3%), TRAC B's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (88.5%), TRAC B's dividend payments are covered by cash flows.