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In this section of the page, you will find all the information you need to understand how Covestro (1COV) dividends work. In addition, you will be able to consult the payment date, the ex-dividend date, the last day to be entitled to the payment, the money to be received per share, the yield and any other doubts that may arise.
Covestro will distribute 3,4 euros per share in the form of a dividend on April 26, 2022.
The April 22, 2022 is the ex-dividend date. So if you wish to receive Covestro dividends, you must buy one day before this date.
There has been no final dividend for Covestro.
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.
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Payout Ratio Covestro Dividends
The dividend payout ratio, also known as the payout ratio, is an essential indicator for assessing the stability of a company's dividends. This ratio shows what proportion of the company's net profit is used to pay dividends to shareholders.
Dividend payout ratio = Total dividends ÷ Net income
An appropriate payout ratio may vary depending on the industry, the company's growth stage and its financial health.
Dividend calendar of Covestro
This is the Dividend Calendar of Covestro in 2023.
| 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 |
This data has been verified by Covestro's General Shareholders' Meeting.
For a company to have growing dividends by our standards, the annual dividend amount must have increased steadily for at least the last 5 years.
Dividend yield of Covestro vs. the sector
The company's dividend yield is compared to the industry average to determine its positioning.
Imagine you have a list of dividend yields for different companies in an industry. If you look for the "top 25%% percentile", you will find a number. This number tells you that the top 25%% of the companies with the highest dividends have a yield higher than that number.
On the other hand, the "top 75%% percentile" shows you another number, which tells you that 75%% of the companies have a higher yield than that number, thus showing a more common and less high yield.
For a company to have stable dividends by our standards, it is vital that it has not had an annual decline of more than 10% over the previous year.
Covestro dividend capture strategy
Information about Covestro
Frequently asked questions about Covestro dividends
Covestro is listed on the Bolsa de Fráncfort and is part of the DAX40.
Covestro has the Ticker or stock code 1COV.
At this moment, the value of a Covestro share is 0.00€.
Covestro does not have a growing dividend program. Dividends have not shown a steady growth in the last 5 years.
