OM:KNOW Dividend History as at Oct 2024
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: SSAB AB (publ) is a steel producer and seller operating in Sweden, Finland, the rest of Europe, the United States, and internationally with a market cap of SEK52.17 billion.
Operations: SSAB AB (publ) generates revenue through its segments: Tibnor (SEK12.50 billion), SSAB Europe (SEK43.44 billion), SSAB Americas (SEK26.81 billion), Ruukki Construction (SEK5.41 billion), and SSAB Special Steels (SEK30.49 billion).
Dividend Yield: 9.4%
SSAB’s dividend payments are well covered by both earnings (48.7% payout ratio) and cash flows (49.5% cash payout ratio). Despite a high dividend yield of 9.4%, the company has only paid dividends for six years, with a volatile track record. Recent earnings reports show a decline, with Q2 2024 net income at SEK 2.42 billion compared to SEK 3.92 billion a year ago, indicating potential challenges ahead for sustaining dividends.
OM:SSAB A Dividend History as at Oct 2024
Key Takeaways
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include OM:AZA OM:KNOW and OM:SSAB A.
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Publish date : 2024-10-01 05:05:00
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