Using TipRanks’ Dividend Calendar for the German market, we have shortlisted two companies, Vonovia SE (DE:VNA) and PUMA SE (DE:PUM), that will go ex-dividend in May 2023.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
These stocks offer stable dividends and have also earned Buy ratings from analysts. To receive the next payout, investors must possess the stock by the ex-dividend date.
The TipRanks Dividend Calendar tool offers a daily overview of stocks that are going ex-dividend. The tool also provides the dividend schedule of companies for the upcoming months, which can help users decide their options accordingly.
Let’s take a look at the details.
When is Vonovia SE’s Dividend Payment Date?
Vonovia is a German real estate company specializing in the residential sector. The company’s current dividend yield is 8.84%, as compared to the industry average of 2.1%.
The company will go ex-dividend on May 19 for its next payment on May 23. For the fiscal year 2022, the company will pay a dividend of €0.85 per share, which is lower than the previous year’s payment of €1.66 per share. Even though the company witnessed strong sales numbers, the bottom line was a bit shaky, resulting in a dividend cut. However, the operational performance remains strong, and the management is actively focused on reducing its substantial debt burden.
VNA stock has a Moderate Buy rating on TipRanks, backed by a total of 12 recommendations. The average price target of €30.21 implies a huge growth of 64.14%.
PUMA SE Dividend Date
PUMA is a globally recognized German brand that specializes in the design and sale of sportswear clothing and footwear.
The company will distribute its next dividends on May 29 and will go ex-dividend on May 25. With an annual dividend payout of €0.82 per share, the company offers a yield of approximately 1.47%. The company raised its dividend by 14% in 2022 after reporting solid sales and earnings for the year. The dividend payment falls within the upper range of the company’s targeted payout ratio, which is set between 25% and 35% of net earnings.
According to TipRanks consensus, PUM stock has a Strong Buy rating based on 12 Buy and four Hold recommendations. At an average price forecast of €73.49, analysts predict a growth of almost 50% in the share price.
Conclusion
Investors looking for extra dividend income and wanting to grab the upcoming dividends of these companies should buy these stocks prior to their ex-dividend dates.
