Yesterday, Ericsson NT shares went ex-date. When comparing it to the closing price yesterday, the stock decreased by 2.8%, which is slightly higher than the DY of 2.5%.
This refers to the previously approved dividend of EUR 6 per share or a dividend yield of 2.5%. On the market closing price yesterday, the stock declined by 2.8%, which is slightly higher than the dividend yield.
The payment date is set for 11 July 2023.
As a reminder, in FY 2022 Ericsson NT recorded a 1.7% increase in the top line, an EBITDA decrease of 27%, and a bottom line decrease of 32.8% YoY. Further, a similar trend of lower profitability continued during Q1 2023.
In the graph below, we are bringing you a historical overview of the company’s dividend per share and dividend yield. Note that the yields were calculated based on the closing price the day before the initial dividend proposal.
To put things in perspective, since the beginning of the year, Ericsson’s share price decreased by 7.2%, while only 2.8% can be attributed to the ex-date – as without the dividend payment incentive for investors to invest in a stock vanishes.
Dividend per Share (2013 – 2023) (EUR)
Dividend Yield (2013 – 2023) (%)
Source: ZSE, InterCapital Research