SiriusPoint (SPNT-PB) Dividends
Market Cap: $1.93B
Avg Volume: 41.31K
Industry: Insurance - Reinsurance
Sector: Financial Services
Dividend Overview
SiriusPoint (SPNT-PB) pays a quarterly dividend to its shareholders. The current dividend yield is 7.95%, which means that for every $100 invested at the current price, investors would receive approximately $7.95 in dividends per year (this can change based on future dividend payments and price movements).
About SPNT-PB's Dividend
SiriusPoint pays a quarterly dividend of $0.50 per share, which totals $2.00 annually. This means that for each share you own, you'll receive $2.00 in dividends over the course of a year, distributed across four quarterly payments.
The most recent ex-dividend date was February 13, 2025. If you purchase the stock before its ex-dividend date, you'll be eligible for the upcoming dividend payment.
SiriusPoint's payout ratio is 0.08% which means that 0.08% 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.
SPNT-PB Dividend History
| Dividend | Yield | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.5 | 7.95% | February 13, 2025 | February 13, 2025 | February 28, 2025 | |
| $0.5 | 7.92% | November 15, 2024 | November 15, 2024 | November 30, 2024 | |
| $0.5 | 7.98% | August 15, 2024 | August 15, 2024 | August 30, 2024 | |
| $0.5 | 7.99% | May 14, 2024 | May 15, 2024 | May 31, 2024 | |
| $0.5 | 8.03% | February 13, 2024 | February 14, 2024 | February 29, 2024 | |
| $0.5 | 7.99% | November 14, 2023 | November 15, 2023 | November 30, 2023 | |
| $0.5 | 8.13% | August 14, 2023 | August 15, 2023 | August 31, 2023 | |
| $0.5 | 8.63% | May 12, 2023 | May 15, 2023 | May 31, 2023 | |
| $0.5 | 8.17% | February 10, 2023 | February 13, 2023 | February 28, 2023 | |
| $0.5 | 8.64% | November 14, 2022 | November 15, 2022 | November 30, 2022 | |
| $0.5 | 8.34% | August 15, 2022 | August 16, 2022 | August 31, 2022 | |
| $0.5 | 5.82% | May 13, 2022 | May 16, 2022 | May 31, 2022 | |
| $0.5 | 3.73% | February 24, 2022 | February 25, 2022 | February 28, 2022 | |
| $0.5 | 1.80% | November 12, 2021 | November 15, 2021 | November 30, 2021 | |
| $0.5 | 1.72% | August 13, 2021 | August 16, 2021 | August 31, 2021 |
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 SPNT-PB
- Dividend Payout Ratio: 0.08% Low risk
- Dividend & Capex Coverage Ratio: 4.67x Strong coverage
- Dividend Frequency: Quarterly
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. SiriusPoint's payout ratio is 0.08% , which is very conservative and suggests strong dividend sustainability.
The Dividend & Capex Coverage Ratio of 4.67x 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 SiriusPoint can comfortably cover its dividends and necessary investments from its operating cash flow.
SiriusPoint'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.
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.