In This Article:
Assessing the Sustainability and Growth of Flughafen Zuerich AG's Dividends
Flughafen Zuerich AG (FLGZY) recently announced a dividend of $0.24 per share, payable on 2024-05-13, with the ex-dividend date set for 2024-04-24. 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 delve into Flughafen Zuerich AG's dividend performance and evaluate its sustainability.
Understanding Flughafen Zuerich AG
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Flughafen Zuerich AG operates Zurich Airport, providing services for international, domestic, and regional flights. It generates revenue through aviation servicesprimarily from passenger and landing feesand non-aviation services, including retail and parking charges, facility management, and other airport services. With the majority of its passengers traveling within Europe, the company has positioned itself as a key hub for European travel, particularly to popular tourist destinations.
Flughafen Zuerich AG's Dividend Track Record
Flughafen Zuerich AG has maintained a consistent dividend payment record since 2023, distributing dividends annually. Although specific data regarding the increase of dividends each year since a particular year is not available, the company's commitment to providing shareholder value through dividends is evident. The annual Dividends Per Share chart below showcases Flughafen Zuerich AG's historical trends in dividend payments.
Dividend Yield and Growth Prospects
As of today, Flughafen Zuerich AG boasts a 12-month trailing dividend yield of 1.73% and a 12-month forward dividend yield of 2.69%. This forward-looking metric anticipates an increase in dividend payments over the next year. The company's 5-year yield on cost is also at 1.73%, reflecting the return on investment from dividends based on the original purchase price of the stock.
Evaluating Dividend Sustainability
When assessing dividend sustainability, the dividend payout ratio is a crucial metric. Flughafen Zuerich AG's payout ratio stands at 0.33 as of December 31, 2023, indicating a balanced approach to distributing earnings and retaining capital for growth. The company's profitability rank is 7 out of 10, suggesting healthy profitability compared to peers. With a track record of net profit in 8 out of the past 10 years, Flughafen Zuerich AG's financial stability supports its dividend policy.