Surteco Group stock dividend – Surteco Group SE Announces 0.7 Cash Dividend
June 2, 2023
🌥️Dividends Yield
On June 1, 2023, Surteco Group ($BER:SUR) SE announced a cash dividend of 0.7 EUR per share. This was slightly lower than the dividends of the past three years, which amounted to 1.0 EUR per share, resulting in dividend yields of 3.38%, 3.38%, and 2.95%, giving an average yield of 3.24%. The ex-dividend date for this dividend has been set for June 8, 2023. If you are seeking companies with strong dividend yields, then Surteco Group SE might be worth your consideration.
With three years of consistent dividends and a current yield of 3.24%, this company might be a good addition to any income-generating portfolio. Moreover, with their focus on providing innovative solutions to the furniture industry, they have plenty of potential for long-term growth as well.
Share Price
The news saw the company’s stock open at €19.8 and close at the same rate, suggesting a slight increase in investor confidence. This is the fourth consecutive year that SURTECO GROUP has paid out a dividend to its shareholders. SURTECO GROUP SE has seen its share price increase steadily in recent years, and the dividend announcement is expected to bolster investor confidence in the company even further. With its strong financial performance and commitment to rewarding its shareholders, it’s no surprise that SURTECO GROUP SE is one of the most successful businesses in the industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Surteco Group. More…
| Total Revenues | Net Income | Net Margin |
| 740.33 | 15.29 | 1.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Surteco Group. More…
| Operations | Investing | Financing |
| 58.29 | -265.5 | 240.58 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Surteco Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.12k | 674.91 | 28.49 |
Key Ratios Snapshot
Some of the financial key ratios for Surteco Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.6% | -4.7% | 3.9% |
| FCF Margin | ROE | ROA |
| 1.1% | 4.2% | 1.6% |
Analysis
GoodWhale has conducted an analysis of SURTECO GROUP‘s wellbeing and are pleased to share our findings. According to our Risk Rating, SURTECO GROUP is a medium risk investment in terms of financial and business aspects. We have detected two risk warnings in the income sheet and balance sheet. To gain access to more detailed information, become a registered user with GoodWhale. More…
Summary
Investing in SURTECO GROUP can be a good option for income-seeking investors due to its attractive dividend yield. Over the past three years, the company has paid an average dividend yield of 3.24%, with dividend payments of 1.0 and 0.8 EUR per share in the last two years. The next ex-dividend date is June 8, 2023. This could be a good time to start investing in SURTECO GROUP to maximize dividend yield.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
