Clarivate Plc (CLVT-PA) Dividends
Market Cap: $755.51M
Avg Volume: 129.51K
Industry: Information Technology Services
Sector: Technology
Dividend Overview
Clarivate Plc (CLVT-PA) pays a quarterly dividend to its shareholders. The current dividend yield is 28.18%, which means that for every $100 invested at the current price, investors would receive approximately $28.18 in dividends per year (this can change based on future dividend payments and price movements).
About CLVT-PA's Dividend
Clarivate Plc pays a quarterly dividend of $1.31 per share, which totals $5.25 annually. This means that for each share you own, you'll receive $5.25 in dividends over the course of a year, distributed across four quarterly payments.
The most recent ex-dividend date was May 14, 2024. If you purchase the stock before its ex-dividend date, you'll be eligible for the upcoming dividend payment.
Clarivate Plc's payout ratio is -0.06% which means that -0.06% of the company's earnings are paid out as dividends. A low payout ratio indicates that the company has a strong financial position and can invest in growth opportunities, while maintaining room to increase dividends in the future.
Clarivate Plc's dividend has grown by 0.50% over the past year. A positive growth rate can be a sign of the company's confidence in its future earnings.
CLVT-PA Dividend History
| Dividend | Yield | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $1.3125 | 28.18% | May 14, 2024 | May 15, 2024 | June 01, 2024 | |
| $1.3125 | 14.32% | February 14, 2024 | February 15, 2024 | March 01, 2024 | |
| $1.3125 | 17.52% | November 14, 2023 | November 15, 2023 | December 01, 2023 | |
| $1.3125 | 16.62% | August 14, 2023 | August 15, 2023 | September 01, 2023 | |
| $1.3125 | 14.83% | May 12, 2023 | May 15, 2023 | June 01, 2023 | |
| $1.3125 | 11.26% | February 14, 2023 | February 15, 2023 | March 01, 2023 | |
| $1.3125 | 11.98% | November 14, 2022 | November 15, 2022 | December 01, 2022 | |
| $1.3125 | 9.76% | August 12, 2022 | August 15, 2022 | September 01, 2022 | |
| $1.3125 | 6.98% | May 12, 2022 | May 13, 2022 | June 01, 2022 | |
| $1.3125 | 3.94% | February 14, 2022 | February 15, 2022 | March 01, 2022 | |
| $1.3125 | 1.47% | November 12, 2021 | November 15, 2021 | December 01, 2021 | |
| $1.12292 | 1.24% | August 12, 2021 | August 13, 2021 | September 01, 2021 |
Dividend Growth
Clarivate Plc (CLVT-PA) dividend payments have grown 50.07% over the past year
Note: This growth rate represents the year-over-year growth in total dividends paid by the company, which may differ from the growth in dividends per share if the number of outstanding shares has changed.
Dividend Safety
Dividend safety refers to the ability of a company to continue paying its dividends to shareholders without interruption or reduction. A company with a high level of dividend safety is generally considered to have a strong financial position, with a consistent history of paying dividends and a low risk of default.
Key Safety Indicators for CLVT-PA
- Dividend Payout Ratio: -0.06% Low risk
- Dividend & Capex Coverage Ratio: 1.98x Strong coverage
- Dividend Frequency: Quarterly
- Recent Dividend Growth: 0.50% Positive
What These Indicators Mean
A low payout ratio (typically less than 60%) indicates that a company has enough earnings to pay dividends and retain earnings to reinvest in the business. Clarivate Plc's payout ratio is -0.06% , which is very conservative and suggests strong dividend sustainability.
The Dividend & Capex Coverage Ratio of 1.98x indicates how well the company can cover both its dividend payments and capital expenditures from operating cash flows. This strong ratio above 1.5x indicates Clarivate Plc can comfortably cover its dividends and necessary investments from its operating cash flow.
Clarivate Plc's quarterly dividend structure is the most common among dividend-paying companies, providing a balance between regular income for investors and financial flexibility for the company.
Clarivate Plc's dividend growth rate of 0.50% is positive but modest, indicating steady but cautious dividend policies.
It is worth noting that dividend safety can change over time based on a company's financial performance, industry conditions, and management decisions. Regular monitoring of these metrics is recommended for dividend-focused investors.