Previous close | 3.8615 |
Open | 3.7370 |
Bid | 3.5370 x 0 |
Ask | 3.5930 x 0 |
Day's range | 3.5060 - 3.7370 |
52-week range | 3.3620 - 7.4620 |
Volume | |
Avg. volume | 779,672 |
Market cap | 2.213B |
Beta (5Y monthly) | 1.97 |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 0.15 (3.01%) |
Ex-dividend date | 05 Feb 2024 |
1y target est | N/A |
FRANKFURT (Reuters) -German conglomerate Thyssenkrupp on Thursday cut its full-year outlook, citing weak demand for its products that is not expected to stabilise in the short-term and sending its shares lower in late Frankfurt trade. Frankfurt-listed shares in the company, which is seeking to sell 20% in its ailing steel division to Czech billionaire Daniel Kretinsky, were 3.4% lower at 1839 GMT. Thyssenkrupp's closely watched free cash flow before mergers and acquisitions (M&A), a key gauge for investors regarding the group's operational performance, is now expected to turn negative at 100 million euros.
FRANKFURT/DUESSELDORF (Reuters) -Thyssenkrupp, Salzgitter and France's Vallourec are reviewing a sale of their steel joint venture HKM after they were approached by a potential buyer, Germany's largest steelmaker said on Friday. A sale of HKM, of which Thyssenkrupp owns 50%, would be a major step in the group's efforts to restructure its steel business, ahead of a potential partial sale to Czech billionaire Daniel Kretinsky. "We confirm that we have been approached by an interested party for the acquisition of HKM," Thyssenkrupp said in a statement, adding a sales process was being reviewed in consultation with Salzgitter and Vallourec, which hold 30% and 20% in HKM, respectively.
In the search for reliable dividend stocks in Germany, investors often find themselves navigating through a mix of attractive opportunities and potential pitfalls. A key factor to consider is the sustainability of a company's dividend payouts. High payout ratios, such as those seen with Thyssenkrupp, can be a red flag indicating that dividends might not be supported by the firm’s financial health over the long term.