Geberit AG's Dividend Analysis
In This Article:
Exploring the Sustainability of Geberit AG's Upcoming Dividend
Geberit AG (GBERY) recently announced a dividend of $1.41 per share, payable on 2024-05-08, with the ex-dividend date set for 2024-04-19. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's look into Geberit AG's dividend performance and assess its sustainability.
What Does Geberit AG Do?
-
This Powerful Chart Made Peter Lynch 29% A Year For 13 Years
-
How to calculate the intrinsic value of a stock?
Geberit AG is a leading manufacturer of sanitary products, which include flushing systems, piping systems, and bathroom ceramics. Products are primarily sold through the wholesale channel. Geberit has an extensive history in sanitary products, having filed a patent for its first flushing mechanism in 1912. The company generates sales in 50 countries and operates 26 production plants, the majority of which are in Europe. Geberit shares are listed on the SIX Swiss Exchange. The majority of sales are generated from residential and renovation activities.
A Glimpse at Geberit AG's Dividend History
Geberit AG has maintained a consistent dividend payment record since 2011. Dividends are currently distributed on a yearly basis. Below is a chart showing annual Dividends Per Share for tracking historical trends.
Breaking Down Geberit AG's Dividend Yield and Growth
As of today, Geberit AG currently has a 12-month trailing dividend yield of 2.56% and a 12-month forward dividend yield of 2.57%. This suggests an expectation of increased dividend payments over the next 12 months.
Over the past three years, Geberit AG's annual dividend growth rate was 3.70%. Extended to a five-year horizon, this rate increased to 4.10% per year. And over the past decade, Geberit AG's annual dividends per share growth rate stands at an impressive 10.70%.
Based on Geberit AG's dividend yield and five-year growth rate, the 5-year yield on cost of Geberit AG stock as of today is approximately 3.13%.
The Sustainability Question: Payout Ratio and Profitability
To assess the sustainability of the dividend, one needs to evaluate the company's payout ratio. The dividend payout ratio provides insights into the portion of earnings the company distributes as dividends. A lower ratio suggests that the company retains a significant part of its earnings, thereby ensuring the availability of funds for future growth and unexpected downturns. As of 2023-12-31, Geberit AG's dividend payout ratio is 0.68.