Steel Partners Holdings L.P (SPLP) Dividends
Market Cap: $689.04M
Avg Volume: 3.86K
Industry: Conglomerates
Sector: Industrials
Dividend Overview
Steel Partners Holdings L.P (SPLP) pays a special dividend to its shareholders. The current dividend yield is 0.96%, which means that for every $100 invested at the current price, investors would receive approximately $0.96 in dividends per year (this can change based on future dividend payments and price movements).
About SPLP's Dividend
Steel Partners Holdings L.P pays a special dividend. The total annual dividend is approximately $0.15 per share, meaning for each share you own, you'll receive about $0.15 in dividends over the course of a year.
The most recent ex-dividend date was December 29, 2016. If you purchase the stock before its ex-dividend date, you'll be eligible for the upcoming dividend payment.
Steel Partners Holdings L.P's payout ratio is 836.47% which means that 836.47% of the company's earnings are paid out as dividends. A high payout ratio indicates that the company is returning most of its earnings to shareholders.
Steel Partners Holdings L.P's dividend has grown by 0.01% over the past year. A positive growth rate can be a sign of the company's confidence in its future earnings.
SPLP Dividend History
| Dividend | Yield | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.15 | 0.96% | December 29, 2016 | January 03, 2017 | January 13, 2017 | December 22, 2016 |
Dividend Growth
Steel Partners Holdings L.P (SPLP) dividend payments have grown 1.18% 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 SPLP
- Dividend Payout Ratio: 836.47% High risk
- Dividend & Capex Coverage Ratio: 4.88x Strong coverage
- Dividend Frequency: Special
- Recent Dividend Growth: 0.01% 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. Steel Partners Holdings L.P's payout ratio is 836.47% , which is high and may be difficult to sustain if earnings decline.
The Dividend & Capex Coverage Ratio of 4.88x 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 Steel Partners Holdings L.P can comfortably cover its dividends and necessary investments from its operating cash flow.
Steel Partners Holdings L.P's dividend growth rate of 0.01% 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.