Covestro AG Dividend yield




   EUR/share 
 Price  45.84
 Dividend  1.30
 Earnings  8.65
 Cash-flow  11.18
 Book value  38.20
 Equity  34.33

Covestro AG is part of Chemicals business, which is part of Basic Materials industry. Covestro AG is a company from Germany, and his stocks are publicly traded.

Covestro AG paid a total dividend of 251 million EUR last year, for a market value of 8,847 millions (Market Cap 8,251 millions). Dividend per share of Covestro AG is 1.30 EUR, and his stock market price 45.84 EUR.

According to the chart below, where dividend yield is displayed, Covestro AG has a dividend yield of 2.84%, which is similar to the amount offered by both the market average and companies from Germany. However, it is lower than the average of Basic Materials industry. The company should be deeply analized because dividend yields should be similar among companies from the same industry unless they carry an opposite strategy.

In addition, you should compare Covestro AG dividend yield with other Chemicals companies or firms from Germany.

Dividend yield of Covestro AG

Covestro AG Dividend Payout

About the ability of Covestro AG to maintain his current dividend of EUR 1.30 per share, an amount that accounts for 2.84%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Covestro AG payout on ernings is currently 15.03%, which is lower than the market average and companies of Basic Materials industry, which are 38.25% and 40.37% respectively. Both figures lead us to believe that there is confidence that Covestro AGcan maintain his current dividend.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Covestro AG is EUR 11.18 per share, which is higher than the dividend per share paid by the company of EUR 1.30, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Covestro AG, compared againt world market average, Germany companies, Basic Materials industry and Chemicals sector companies.

Covestro AG payout

Covestro AG Dividend History

Year Yield  EUR  Paypout  Shares* 
Present2.84%1.3015.03%193
20212.40%1.3052.21%193
20202.38%1.2040.68%193
20195.79%2.4023.74%183
20185.09%2.2020.37%188
20171.57%1.3532.93%203
20161.15%0.7041.42%203

*In millions

Covestro AG Stock performance

Finally, last moth Covestro AG showed a return of -2.90% compared to a worldwide 1.12% average, and a 3.95% of Basic Materials firms. Over the last year, the company obtained a -20.10% versus a worldwide performance of a 5.73%. More detailed information can be seen in the following graph for Germany and Chemicals firms.

Covestro AG stock and market return