Upcoming Ercros dividend
Change(%)
-36.00%
Decrease
Next payment 0.096€
Next payment date Jul 10, 2024
Last payment 0.15€
Last payment date Jun 28, 2023
00 D 00 H 00 M 00 S
Ex-Dividend: 7/8/24
Confirmed

July 10, 2024 marks the date when Ercros will pay 0,096 euros per share to its shareholders as a dividend.

To receive dividends, focus on the Ex-dividend Date (July 8, 2024) and the Last Trading Day (July 5, 2024).

Ercros, in its latest dividend payment, granted 0.15 euros on June 28, 2023.

Ercros, listed on the Madrid stock exchange under the letters ECR, has paid its dividends since 2017 on an increasing basis with fairly conservative amounts.

The company's Board of Directors and its Shareholders' Meeting are in charge of the decision process for the payment of this interest, which evaluates the amounts to be distributed, calculating a final annual yield of approximately 3.36%.

The company has deposited the annual fee in a single transaction, although on one occasion they paid a special amount, however, regular payments are made once a year generally between the months of June or July.

Payout Ratio Ercros Dividends

Ercros paid 6% of its net income in the last fiscal period as dividends.
Ercros's earnings (656,524,032.00€) are sufficient to cover the dividend payment. This payment represents 6% of the total net profit of ECR.
Dividend payout ratio
Payout Ratio

Dividend calendar of Ercros

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

Event Day
Last trading date July 5, 2024
Ex-Dividend (Ex-Date) July 8, 2024
Record date July 9, 2024
Date of payment July 10, 2024
Data confirmed by the company Ercros (ECR).
Confirmed
Source
Historical annual dividend yields of Ercros
Over the past 5 years, Ercros has not consistently distributed dividends.
Increasing Dividends
Dividend yield
Dividend yield of Ercros vs. the sector
Ercros's dividend yield (2.71%) is below the sector average (4.27%).
Comparison with industry average
Ercros's dividend yield is below the top 75% (4.27%) of the sector.
Evaluation with respect to competence.
Dividend yield history in Ercros
Over the past 5 years, Ercros has not consistently distributed dividends.
Dividend stability

Dividend history of Ercros

In this table you can see the complete history:

YearEx-DividendAmountTotal
2023
06/26/2023
0.15 €
0.15 €
2022
06/20/2022
0.085 €
0.085 €
2020
06/15/2020
0.05 €
0.05 €
2019
06/21/2019
0.06 €
0.06 €
2018
07/04/2018
0.05 €
0.05 €
2017
07/03/2017
0.04 €
0.04 €
Ercros dividend capture strategy
Step 1: Buy Ercros shares (ECR) one day before ex-dividend date
Date of purchase Jul 5, 2024
Next ex-dividend date Jul 8, 2024
Step 2: Sell Ercros shares (ECR) 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 Ercros data. Past performance is no guarantee of future results.

Information about Ercros

Full name Ercros, S.A.
Ticker ECR
Sector Energy
Industry Chemicals
Market Capitalization 324.14 €
Number of Employees 1,253
Description of the company

Ercros is a company dedicated to the chemical industry that manufactures products based on three main lines: chlorine derivatives, intermediate chemicals and pharmaceuticals.

Among the chlorine derivatives they develop Hydrochloric Acid, Hydrogen Peroxide, Ammonia, Potassium Carbonate, Sodium Chlorate, Vinyl Chloride (VCM), PVC Compounds, Sodium Hypochlorite, Polyvinyl Chloride (PVC-S), among others, also with respect to intermediate chemistry the products are related to Glues and resins, Methanol, Paraformaldehyde, Molding powders, etc., and in its third processing unit the results are Fusidic acid, Azithromycin, Clarithromycin, Erythromycins, Famotidine, etc.

It was founded in 1989 through the merger between Cros and the Unión Explosivos Río Tinto (ERT) group, which is divided into five business areas, ERT and Cros being the division dedicated to the creation of fertilizers.

However, due to a large amount of debts inherited by its predecessors, Ercros went through a strong economic complication, declaring a suspension of payments in 1992, closing several factories and considerably reducing the number of employees, for which reason it also had to sell many of its subsidiaries.

With the intention of resolving this situation, the directors reorganized the corporation and in 2000 began a new stage dedicated to the chemical sector, making new affiliations that today make it one of the most important non-petrochemical companies in Spain.

Frequently asked questions about Ercros dividends

Ercros is listed on the Madrid Stock Exchange and is part of the Ibex Medium.

Ercros has the Ticker or stock code ECR.

The CEO of Ercros in 2024 is Mr. Antonio Zabalza Marti.

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