Wed, Jan 22, 2025 08:00 – Acerinox S.A. (ANIOY: Pink Limited) – Ex-Dividend – As of Thu, Jan 23, 2025, Acerinox S.A. traded ex-dividend. Acerinox S.A. will disburse a Cash Dividend dividend of $0.09829 to shareholders of ANIOY. You may find a complete list of dividends at otcmarkets.com.
Acerinox S.A. (ANIOY), a leading stainless steel manufacturer, has recently announced an important dividend payout for its shareholders. Here are the key details about this dividend announcement and some background information on the company:
Dividend Details
Ex-Dividend Date: January 22, 2025
Record Date: January 23, 2025
Dividend Amount: $0.09829 per share
Payment Date: February 10, 2025 (expected)[1][2]
The ex-dividend date is significant as it marks the cut-off point for dividend eligibility. Investors who purchase ANIOY shares on or after January 22, 2025, will not be eligible for this dividend payment.
Company Overview
Acerinox S.A. is a Spain-based multinational corporation known for its stainless steel manufacturing. The company operates through subsidiaries across various countries, including:
– Spain
– United States
– South Africa
– Malaysia (recently sold)
Acerinox has a global network of manufacturing facilities with a total melting shop capacity of approximately 3.5 million tons per year
Financial Performance
For the third quarter of 2024, Acerinox reported:
EBITDA of €114 million
Profit after tax and non-controlling interests of €48 million
Revenue of €4.1 billion for the first nine months of 2024 (7% decrease from 2023)
Recent Developments
1. Acquisition of Haynes International: Acerinox has received approval from the UK Competition and Markets Authority to acquire Haynes International, pending only the decision of Austrian authorities.
2. Production Adjustments: In October 2024, Acerinox temporarily suspended steel production at its Los Barrios plant in Spain due to lower demand.
3. Sale of Bahru Stainless: The company has plans to sell its Malaysian unit, Bahru Stainless, for $95 million to Malaysian Worldwide Stainless.
Dividend History and Yield
Acerinox has a history of paying dividends twice a year. The company’s dividend yield as of January 2025 is approximately 6.21%[8]. The total annual dividend for 2024 was €0.62 per share, split between two payments.
Investors should note that dividends are subject to change and are not guaranteed. It’s always advisable to conduct thorough research and consider seeking professional financial advice before making investment decisions.
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