Gränges Dividend
Dividend criteria checks 3/6
Gränges is a dividend paying company with a current yield of 2.24% that is well covered by earnings. Next payment date is on 15th November, 2024 with an ex-dividend date of 11th November, 2024.
Key information
2.2%
Dividend yield
32%
Payout ratio
| Industry average yield | 4.1% |
| Next dividend pay date | 15 Nov 24 |
| Ex dividend date | 11 Nov 24 |
| Dividend per share | n/a |
| Earnings per share | SEK 9.34 |
| Dividend yield forecast in 3Y | 3.6% |
Recent dividend updates
Recent updates
Does Gränges (STO:GRNG) Have A Healthy Balance Sheet?
Sep 26
Returns On Capital At Gränges (STO:GRNG) Paint A Concerning Picture
Aug 23These 4 Measures Indicate That Gränges (STO:GRNG) Is Using Debt Extensively
May 26Gränges (STO:GRNG) Is Paying Out A Larger Dividend Than Last Year
Apr 22Gränges (STO:GRNG) Is Increasing Its Dividend To kr2.25
Apr 07Gränges (STO:GRNG) Has Some Way To Go To Become A Multi-Bagger
Mar 21Is Gränges (STO:GRNG) A Risky Investment?
Feb 19Gränges' (STO:GRNG) Returns Have Hit A Wall
Nov 09We Think Gränges (STO:GRNG) Can Stay On Top Of Its Debt
Oct 14Some Investors May Be Worried About Gränges' (STO:GRNG) Returns On Capital
Jul 17These 4 Measures Indicate That Gränges (STO:GRNG) Is Using Debt Extensively
Jun 07Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: GRNG has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: GRNG's dividend payments have increased, but the company has only paid a dividend for 9 years.
Dividend Yield vs Market
| Gränges Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (GRNG) | 2.2% |
| Market Bottom 25% (SE) | 1.4% |
| Market Top 25% (SE) | 4.3% |
| Industry Average (Metals and Mining) | 4.1% |
| Analyst forecast in 3 Years (GRNG) | 3.6% |
Notable Dividend: GRNG's dividend (2.24%) is higher than the bottom 25% of dividend payers in the Swedish market (1.43%).
High Dividend: GRNG's dividend (2.24%) is low compared to the top 25% of dividend payers in the Swedish market (4.29%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (32.1%), GRNG's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (16.4%), GRNG's dividend payments are well covered by cash flows.