The CSR Limited (ASX: CSR) share price has fallen 12% since the company released its full year results on 11 May.
And yesterday’s trading session didn’t help either, with the building products company’s shares shedding 2.17% to $4.97 at market close.
Let’s take a look at the details in relation to the upcoming CSR dividend.
CSR delivers strong cash generation and returns for shareholders
The CSR board announced its biggest ever final dividend (not including previous special dividends) to shareholders. This came after the company recorded a stellar performance for the year ending 31 March 2022 (YEM22).
Despite registering a 20% increase in net profit after tax (NPAT), investors hit the sell button on CSR shares. A flurry of broker downgrades were issued following concerns regarding headwinds in the housing market such as interest rates.
Nonetheless, the CSR board declared a fully franked final dividend payment of 18 cents per share. This represents a lift of 24% on the previous final dividend of 14.5 cents apiece (again, not including the added special dividend of 9.5 cents apiece).
Management stated that this brings the full year dividend to 31.5 cents per share for the YEM22.
Notably, this is at the top end of CSR’s dividend policy of 60-80% of NPAT before factoring in significant items.
The record date for the final dividend falls on 30 May, with payment to eligible shareholders on 1 July 2022.
CSR share price snapshot
Looking at this time last year, CSR shares have declined by around 15% in value.
It’s worth noting that the company’s shares touched a 52-week low of $4.92 last Friday before edging slightly higher.
On valuation grounds, CSR commands a market capitalisation of roughly $2.52 billion and has a trailing dividend yield of 5.45%.
The post Hoping to bag the next CSR dividend? Here’s what you need to know appeared first on The Motley Fool Australia.
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More reading
- Why is the CSR share price lagging the ASX 200 on Friday?
- Why is the CSR share price plunging 9% today?
- CSR share price lifts as company constructs 20% more profit
- Do CSR shares have a dividend reinvestment plan?
- Is the CSR share price fully valued in April 2022?
Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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