Michelin share dividend and yield
After the Covid-19 pandemic which particularly affected Michelin, the group finally returned to its historical highs and, after a temporary drop in its dividend, it rose again before dropping again while maintaining an attractive yield. On this page, we propose to tell you more about the Michelin share dividend with its precise current and historical amount, the yield of this dividend and the dates on which it is detached and paid to shareholders.
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What is the amount of the dividend paid by Michelin?
The last known dividend for Michelin shares is the dividend that was paid in 2023 for the fiscal year 2022. This dividend amounted to €1.25 per share and was paid in May 2023.
Remember that the previous dividend, i.e. the 2022 dividend paid for the 2022 financial year, was €4.50 per share, but that during 2022, the nominal value of Michelin shares was divided by 4.
On what date does the Michelin dividend payment take place?
The payment of the Michelin share dividend is triggered shortly after the detachment date. However, before this detachment, the amount of the dividend must be defined by the Board of Directors and then presented to the shareholders for a vote at the Annual General Meeting. Of course, this whole procedure takes place after the official publication of the financial results of the previous year.
Michelin currently pays its dividend annually, as is the case for most French listed companies. The dividend is detached and paid once a year, usually in May.
In 2022, for example, Michelin's dividend was detached on 17 May and then paid to shareholders on 19 May, two days later.
What is the next expected dividend for Michelin shares?
At the moment, we do not yet know the amount of the next Michelin share dividend that will be paid in 2024. Indeed, it will be calculated only after the financial results of the year 2023.
The last dividend paid in May 2023 was €1.25 per share. It can be seen that the group has significantly reduced the amount of this dividend compared to the previous year. Currently, thanks to this increased dividend, the Michelin share has a yield of 3.90%.
History of Michelin share dividends :
Michelin has been paying a dividend to its shareholders for many years. In fact, since 2000, i.e. for more than 23 years, the dividend has been paid every year without interruption. We now propose you to discover the annual amount of the Michelin dividend over the last ten years as well as the rate of evolution of this last year by year.
- In 2023, Michelin's dividend was €1.25 with an increase of 11.11%.
- In 2022, Michelin's dividend was €4.50 with an increase of 95.65%.
- In 2021, Michelin's dividend was €2.30 with a 15% increase
- In 2020, Michelin's dividend was €2 with a decrease of 45.95%.
- In 2019, the Michelin dividend was €3.70 with an increase of 4.23%.
- In 2018, Michelin's dividend was €3.55 with a 9.23% increase
- In 2017, the Michelin dividend was €3.25 with an increase of 14.04%.
- In 2016, the Michelin dividend was €2.85 with an increase of 14%.
- In 2015, Michelin's dividend was €2.50 with a 0% increase
- In 2014, the Michelin dividend was €2.50 with an increase of 4.17%.
- In 2013, Michelin's dividend was €2.40 with an increase of 14.29%.
Looking at the history of the dividend, we can see that it has increased significantly over time. In one year, the progression is thus strongly downward. Over the last 5 years, Michelin's dividend has risen by an average of 16.008% per year and over the last ten years, this increase has been an average of 13.57% per year.
What is the dividend yield on Michelin shares?
To understand what the dividend yield of the Michelin share is, it is necessary to understand that it is a way of calculating the profitability of this value. Indeed, the yield corresponds here to the division of the amount of the dividend by the stock exchange price of this share.
The dividend paid by Michelin in 2023 showed a yield of 3.9%.
Michelin's Payout Ratio is also an interesting element to study. It is currently 39%, which means that the company does not dip too much into its profits to pay its shareholders and keeps a large part of it for its strategic investments.
What is the dividend yield of the Michelin share over several years?
Over the past 10 years, Michelin Group has paid a dividend with an average yield of 3.23%, which is below its 2022 yield. Here is its history:
- In 2023, the dividend yield was 3.90%.
- In 2022, the yield on this dividend was 3.73%.
- In 2021, the dividend yield was 1.84%.
- In 2020, the dividend yield was 2.17%.
- In 2019, the dividend yield was 3.43%.
- In 2018, the dividend yield was 2.96%.
- In 2017, the dividend yield was 2.77%.
- In 2016, the dividend yield was 3.17%.
- In 2015, the dividend yield was 2.44%.
- In 2014, the dividend yield was 2.82%.
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