Upcoming Covestro dividend
Change(%)
0.00%
No change
Next payment 3.4€
Next payment date Apr 26, 2022
Last payment N/A
Last payment date N/A
00 D 00 H 00 M 00 S
Ex-Dividend: 4/22/22
Confirmed

For shareholders of Covestro (1COV), a dividend of 3,4 euros per share has been scheduled for April 26, 2022, with a yield of 6.22%.

To be a beneficiary of 3,4 euros in dividends from Covestro, purchase the shares before April 22, 2022.

Covestro AG, listed on the most important stock exchanges in Germany, the United States and Austria, using the symbol 1COV as the basis for its trading name, began paying dividends in 2016, maintaining a steady pace until 2022, with delays in the installment for 2023.

The amount paid responds to the financial results of the fiscal year, which is approved by the shareholders' meeting, varying from one period to another, is settled frequently in April, reaching a yield of 7.32% in 2022, and is still awaiting the announcement of 2023.

Payout Ratio Covestro Dividends

In the last fiscal period, Covestro paid no dividends, resulting in a dividend payout ratio of 0%.
Covestro has not distributed dividends in the last fiscal period, therefore, the payout ratio is 0%.
Dividend payout ratio
Payout Ratio

Dividend calendar of Covestro

These are the most important events of the Covestro calendar in 2024:

Event Day
Last trading date April 21, 2022
Ex-Dividend (Ex-Date) April 22, 2022
Record date April 25, 2022
Date of payment April 26, 2022
Data confirmed by the company Covestro (1COV).
Confirmed
Source
Historical annual dividend yields of Covestro
Over the past 5 years, Covestro has not consistently increased the annual dividend amount.
Increasing Dividends
Dividend yield
Dividend yield history in Covestro
Over the past 5 years, Covestro's annual dividend income has fallen by more than 10%.
Dividend stability

Dividend history of Covestro

In this table you can see the complete history:

YearEx-DividendAmountTotal
2022
04/22/2022
3.4 €
3.4 €
2021
04/19/2021
1.3 €
1.3 €
2020
07/31/2020
04/20/2020
1.2 €
2.4 €
3.6 €
2019
04/15/2019
2.4 €
2.4 €
2018
04/16/2018
2.2 €
2.2 €
2017
05/04/2017
1.35 €
1.35 €
2016
05/04/2016
0.7 €
0.7 €
Covestro dividend capture strategy
Step 1: Buy Covestro shares (1COV) one day before ex-dividend date
Date of purchase Apr 21, 2022
Next ex-dividend date Apr 22, 2022
Step 2: Sell Covestro shares (1COV) when the price recovers.
Date of sale (estimated) N/A
Average price recovery N/A
Average return on cost N/A
The dividend capture strategy is based on historical Covestro data. Past performance is no guarantee of future results.

Information about Covestro

Full name Covestro AG
Ticker 1COV
Sector Basic Materials
Industry Specialty Chemicals
Market Capitalization 10.31B €
ISIN DE0006062144
Number of Employees 17,536
Description of the company

Covestro AG is a chemical industry company specializing in the manufacture of thermal insulation and polycarbonate products. The company generates materials used in everyday life such as Adhesives, Coatings, Composites, Elastomers, Films, Foams, Plastics and Thermoplastic Polyurethane.

Its beginnings are related to the Bayer Group, which received a restructuring in 2004 where all activities, product portfolio and facilities of Bayer Polymers AG were reorganized and transferred (one part) to Lanxess and another part to form the division Bayer MaterialScience AG.

It was spun off from the parent company in 2015, going public and receiving a name change to Covestro, which stands for the union of the words "collaboration," "invest" and "strong."

Its products have applications in a wide range of industries, implemented in everyday life solutions and other more demanding uses with high performance materials such as Automotive, Construction, Cosmetics, Electronics, Household appliances, Energy production, Health care, Industrial and agricultural applications, Marine and boats, Packaging and printing, Safety and security, Sports, Leisure, Wooden articles and furniture, among others.

The organization has 18,000 employees, located at its 50 production sites which report to the headquarters located in Leverkusen, Germany, with sales of 18 billion euros in fiscal year 2022.

Frequently asked questions about Covestro dividends

Covestro pays dividends on a Anual basis.

Covestro is listed on the Bolsa de Fráncfort and is part of the DAX40.

Covestro has the Ticker or stock code 1COV.

The CEO of Covestro in 2024 is Dr. Markus Steilemann.

Covestro does not have a growing dividend program. Dividends have not shown a steady growth in the last 5 years.

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