Upcoming CTT - Correios De Portugal dividend
Change(%)
+36.00%
Increase
Next payment 0.17€
Next payment date May 16, 2024
Last payment 0.125€
Last payment date May 19, 2023
00 D 00 H 00 M 00 S
Ex-Dividend: 5/14/24
Confirmed

With a yield of 3.92%, shareholders of CTT - Correios De Portugal will receive 0,17 euros per share in dividends on May 16, 2024.

The Last Trading Day (May 13, 2024) is your deadline to acquire shares eligible for dividends.

The dividends paid by CTT - Correios De Portugal on May 19, 2023 were 0.125 euros per share.

CTT Correios de Portugal, S.A., participates in the most important stock market in the United Kingdom and Portugal, using the stock exchange name CTT, has a track record of more than ten years paying dividends, constantly with a punctual suspension in 2020, but resuming the commitment in 2021.

The value of the amount is modest and fluctuating, being paid in a single installment per year, generally delivered in the last days of May, obtaining a yield of approximately 3.40%.

Payout Ratio CTT - Correios De Portugal Dividends

CTT - Correios De Portugal paid 3% of its net income in the last fiscal period as dividends.
CTT - Correios De Portugal's earnings (1,045,247,872.00€) are sufficient to cover the dividend payment. This payment represents 3% of the total net profit of CTT.
Dividend payout ratio
Payout Ratio

Dividend calendar of CTT - Correios De Portugal

These are the most important events of the CTT - Correios De Portugal calendar in 2024:

Event Day
Last trading date May 13, 2024
Ex-Dividend (Ex-Date) May 14, 2024
Record date May 15, 2024
Date of payment May 16, 2024
Data confirmed by the company CTT - Correios De Portugal (CTT).
Confirmed
Source
Historical annual dividend yields of CTT - Correios De Portugal
Over the past 5 years, CTT - Correios De Portugal has not consistently distributed dividends.
Increasing Dividends
Dividend yield
Dividend yield of CTT - Correios De Portugal vs. the sector
CTT - Correios De Portugal's dividend yield (3.92%) is above the sector average (3.06%).
Comparison with industry average
CTT - Correios De Portugal's dividend yield is among the top 25% (3.58%) of the sector.
Evaluation with respect to competence.
Dividend yield history in CTT - Correios De Portugal
Over the past 5 years, CTT - Correios De Portugal has not consistently distributed dividends.
Dividend stability

Dividend history of CTT - Correios De Portugal

In this table you can see the complete history:

YearEx-DividendAmountTotal
2023
05/17/2023
0.125 €
0.125 €
2022
05/18/2022
0.123839 €
0.123839 €
2021
05/18/2021
0.087719 €
0.087719 €
2019
05/15/2019
0.103199 €
0.103199 €
2018
05/16/2018
0.392157 €
0.392157 €
2017
05/17/2017
0.495356 €
0.495356 €
2016
05/23/2016
0.485036 €
0.485036 €
2015
05/27/2015
0.479876 €
0.479876 €
2014
05/19/2014
0.412797 €
0.412797 €
CTT - Correios De Portugal dividend capture strategy
Step 1: Buy CTT - Correios De Portugal shares (CTT) one day before ex-dividend date
Date of purchase May 13, 2024
Next ex-dividend date May 14, 2024
Step 2: Sell CTT - Correios De Portugal shares (CTT) 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 CTT - Correios De Portugal data. Past performance is no guarantee of future results.

Information about CTT - Correios De Portugal

Full name CTT - Correios De Portugal, S.A.
Ticker CTT
Sector Industry
Industry Integrated Freight & Logistics
Market Capitalization 596.75 €
ISIN PTCTT0AM0001
Number of Employees 13,136
Description of the company

CTT Correios de Portugal, S.A., known by the brand name CTT, is the company that manages the postal service in Portugal, offering a wide range of services through its subsidiaries, whose name is derived from "Correos, Telégrafos e Teléfonos" (Post, Telegraphs and Telephones). They are an important partner for the country's companies, being internationally recognized.

Its beginnings are related to the approval of the first postal service in Portugal in 1520, which after three centuries, in 1799 became controlled by the public administration and in 1880 the "Department of Posts, Telegraphs and Lighthouses" was formed, obtaining financial autonomy and including the telephone service, as well as radio test broadcasts for a short period of time.

It was not until 1969 when it was finally configured as "CTT Correios e Telecomunicações de Portugal", becoming a joint stock company from 1992, being fully privatized in 2014, including in 2015 the banking services through the opening of CTT Bank.

The CCT group is formed by companies related to universal postal service, express mail services, rail freight, courier, electronic payment of services, commercial bank, with a solid position to the advances of society, so they have remained at the forefront by offering physical and digital plans.

Frequently asked questions about CTT - Correios De Portugal dividends

CTT - Correios De Portugal is listed on the Euronext Lisbon and is part of the PSI 20.

CTT - Correios De Portugal has the Ticker or stock code CTT.

The CEO of CTT - Correios De Portugal in 2024 is Prof. João Afonso Ramalho Sopas Pereira Bento.

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