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In this section of the page, you will find all the information you need to understand how Michelin (ML) 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.
Michelin will distribute 1,25 euros per share in the form of a dividend on May 19, 2023.
The May 17, 2023 is the ex-dividend date. So if you wish to receive Michelin dividends, you must buy one day before this date.
There has been no final dividend for Michelin.
Michelin, listed on the stock exchanges of Germany, the United States, the United Kingdom, Mexico and Paris under the ticker symbol MICP, has been paying dividends to its shareholders since 1999, showing a stable and uninterrupted track record until today.
The value of the amount granted is calculated by the finance department based on the income received during the year, which is then approved and announced by the shareholders' meeting on their official websites, and is generally paid in a single installment in May, reaching a yield of approximately 4.40%.
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Payout Ratio Michelin 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 Michelin
This is the Dividend Calendar of Michelin in 2023.
| Event | Day |
|---|---|
| Last trading date | May 16, 2023 |
| Ex-Dividend (Ex-Date) | May 17, 2023 |
| Record date | May 18, 2023 |
| Date of payment | May 19, 2023 |
This data has been verified by Michelin'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 Michelin 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.
Michelin dividend capture strategy
Information about Michelin
Frequently asked questions about Michelin dividends
Michelin is listed on the Bourse de Paris and is part of the CAC40.
Michelin has the Ticker or stock code ML.
At this moment, the value of a Michelin share is 0.00€.
Michelin does not have a growing dividend program. Dividends have not shown a steady growth in the last 5 years.
