Upcoming Michelin dividend
Change(%)
+8.00%
Increase
Next payment 1.35€
Next payment date May 24, 2024
Last payment 1.25€
Last payment date May 19, 2023
00 D 00 H 00 M 00 S
Ex-Dividend: 5/22/24
Confirmed

Holders of shares in Michelin can expect a dividend of 1,35 euros per share on May 24, 2024.

Buy shares before the Ex-dividend Date (May 22, 2024) and consider the Last Trading Day (May 21, 2024) to qualify for dividends.

Shareholders of Michelin received 1.25 euros per share on May 19, 2023.

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%.

Payout Ratio Michelin Dividends

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

Dividend calendar of Michelin

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

Event Day
Last trading date May 21, 2024
Ex-Dividend (Ex-Date) May 22, 2024
Record date May 23, 2024
Date of payment May 24, 2024
Data confirmed by the company Michelin (ML).
Confirmed
Source
Historical annual dividend yields of Michelin
Over the past 5 years, Michelin has not consistently increased the annual dividend amount.
Increasing Dividends
Dividend yield
Dividend yield history in Michelin
Over the past 5 years, Michelin's annual dividend income has fallen by more than 10%.
Dividend stability

Dividend history of Michelin

In this table you can see the complete history:

YearEx-DividendAmountTotal
2023
05/17/2023
1.25 €
1.25 €
2022
05/17/2022
1.125 €
1.125 €
2021
05/25/2021
0.575 €
0.575 €
2020
07/01/2020
0.5 €
0.5 €
2019
05/21/2019
0.925 €
0.925 €
2018
05/22/2018
0.8875 €
0.8875 €
2017
05/24/2017
0.8125 €
0.8125 €
2016
05/17/2016
0.7125 €
0.7125 €
2015
05/26/2015
0.625 €
0.625 €
2014
05/20/2014
0.625 €
0.625 €
2013
05/24/2013
0.6 €
0.6 €
2012
05/18/2012
0.525 €
0.525 €
2011
05/20/2011
0.445 €
0.445 €
2010
05/14/2010
0.24156 €
0.24156 €
2009
05/22/2009
0.24156 €
0.24156 €
2008
05/20/2008
05/14/2008
05/09/2008
0.386496 €
0.314028 €
0.314028 €
1.014552 €
2007
05/15/2007
0.350262 €
0.350262 €
2006
05/16/2006
0.326106 €
0.326106 €
2005
05/24/2005
0.30195 €
0.30195 €
2004
05/18/2004
0.336976 €
0.336976 €
2003
05/20/2003
0.224651 €
0.224651 €
2002
11/27/2002
05/22/2002
0.004831 €
0.205326 €
0.210157 €
2001
11/29/2001
05/22/2001
0.004831 €
0.193248 €
0.198079 €
2000
11/29/2000
05/30/2000
0.004831 €
0.171508 €
0.176339 €
Michelin dividend capture strategy
Step 1: Buy Michelin shares (ML) one day before ex-dividend date
Date of purchase May 21, 2024
Next ex-dividend date May 22, 2024
Step 2: Sell Michelin shares (ML) when the price recovers.
Date of sale (estimated) May 31, 2024
Average price recovery 9 days
Average return on cost 3.11%
The dividend capture strategy is based on historical Michelin data. Past performance is no guarantee of future results.

Information about Michelin

Full name Compagnie Générale des Établissements Michelin Société en commandite par actions
Ticker ML
Sector Cyclical Consumer Products
Market Capitalization 26.55B €
ISIN FR001400AJ45
Description of the company

Michelin, (Compagnie Générale des Établissements Michelin, S.A.) is a French company dedicated to the manufacture and marketing of tires, based in Clermont-Ferrand, is considered the most important organization in its sector in the world.

The company has 123 factories located in 26 countries, with commercial activities in 170 markets on all continents, approximately 125 thousand employees and 9 research and development centers.

It was founded in 1889 by the brothers André Michelin and Édouard who already had experience in the industry, created a model of detachable rubber for bicycle which they patented in 1891 being used in the Paris-Brest-Paris race in that year, since then it has been characterized by its participation as a manufacturer of tires for motorcycling and world rally competitions including Formula 1 and Formula E.

In 2007, they obtained the record of having manufactured the world's largest tire, the 59/80R63, designed for the Caterpillar 797B truck, which is used for mining excavation, weighing 5 tons each and measuring 4 and a half meters in diameter.

Among other activities, the company plans tourist guides, road maps, the Michelin Guide, the development of GPS-guided driving and the creation of automated routes in partnership with Tele Atlas.

Frequently asked questions about Michelin dividends

Michelin pays dividends on a Anual basis.

Michelin is listed on the Bourse de Paris and is part of the CAC40.

Michelin has the Ticker or stock code ML.

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

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