In This Article:
Insight into Upcoming Dividend and Historical Performance
D'Ieteren Group (SIETY) recently announced a dividend of $2.04 per share, payable on 2024-06-28, with the ex-dividend date set for 2024-06-17. 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 D'Ieteren Group's dividend performance and assess its sustainability.
What Does D'Ieteren Group Do?
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D'Ieteren Group imports and distributes vehicles belonging to the Volkswagen brand pool (D'Ieteren Auto) and provides car glass repair and replacement solutions (Belron). D'Ieteren Auto also sells used vehicles, provides spare parts and accessories, offers car financing and long-term rental services, and distributes motorcycle and scooter products. D'Ieteren Auto's operations are focused in Belgium. Belron provides car glass repair solutions under different brands, including Carglass, Safelite AutoGlass, and Autoglass in Europe. Customers of The D'Ieteren group generate approximately half its revenue from D'Ieteren Auto and the other half from Belron.
A Glimpse at D'Ieteren Group's Dividend History
D'Ieteren Group has maintained a consistent dividend payment record since 2014. Dividends are currently distributed on a yearly basis. Below is a chart showing annual Dividends Per Share for tracking historical trends.
Breaking Down D'Ieteren Group's Dividend Yield and Growth
As of today, D'Ieteren Group currently has a 12-month trailing dividend yield of 1.51% and a 12-month forward dividend yield of 1.91%. This suggests an expectation of increase dividend payments over the next 12 months. Over the past three years, D'Ieteren Group's annual dividend growth rate was 44.20%. Extended to a five-year horizon, this rate decreased to 26.70% per year. And over the past decade, D'Ieteren Group's annual dividends per share growth rate stands at an impressive 11.80%.
Based on D'Ieteren Group's dividend yield and five-year growth rate, the 5-year yield on cost of D'Ieteren Group stock as of today is approximately 4.93%.
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, D'Ieteren Group's dividend payout ratio is 0.22.