If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Cognor Holding SA is 1.28, which seems too high.
During the past 13 years, the highest Dividend Payout Ratio of Cognor Holding was 2.55. The lowest was 0.05. And the median was 0.12.
During the past 12 months, Cognor Holding's average Dividends Per Share Growth Rate was 713.30% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was -18.80% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Cognor Holding was 14.50% per year. The lowest was -18.80% per year. And the median was -2.15% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
Cognor Holding Dividend Yield % Historical Data
The historical data trend for Cognor Holding's Dividend Yield % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Cognor Holding's Dividend Yield %
For the Steel subindustry, Cognor Holding's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Cognor Holding's Dividend Yield % Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Cognor Holding's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Cognor Holding's Dividend Yield % falls into.
Cognor Holding Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Cognor Holding Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
PLN 1.220000
2023-05-04
2023-05-05
2023-05-16
Cash Dividend
annually
PLN:PLN 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
Cognor Holding's Trailing Annual Dividend Yield (%) for Today is calculated as
Cognor Holding's Forward Annual Dividend Yield (%) for Today is calculated as
Forward Annual Dividend Yield
=
Forward Full Year Dividend
/
Current Share Price
=
1.22
/
8.32
=
14.66 %
Current Share Price is zł8.32. Cognor Holding's Dividends per Share for the forward twelve months is calculated as zł1.22 * 1 = zł1.22.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
Thank you for viewing the detailed overview of Cognor Holding's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
Cognor Holding SA operates in the steel industry. Its activities are divided into four business segments such as; Scrap division focuses on buying, processing, refining and selling of scrap metal and nonferrous scrap. Production division which contributes major revenue is responsible for processing scrap metal into steel billets, as well as converting steel billets and nonferrous scrap into finished products. The Distribution division sells various commodities, such as steel products, steel and nonferrous scrap and steel billets. The Other division includes materials recycling, among others. The firm's products range comprises metal bars, steel sheet, plates, pipes, and rods, as well as sheet zinc and tin plates, among others. Firm's majority revenue comes from Poland.
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