Latest news with #Glanbiaplc
Agriland
16-05-2025
- Business
- Agriland
Tirlán announces no change in milk price for April supplies
Tirlán has today (Friday, May 16) announced that it will pay a total of 50.08c/L (including VAT) for April creamery milk supplies at 3.6% butterfat and 3.3% protein. This is consistent with the co-op's March supplies, with no change in price. The base milk price for April is 49.58 c/L (including VAT), which is also unchanged from March. The price also consists of a Sustainability Action Payment of 0.5c/L (including VAT) to all qualifying suppliers. The base price and Sustainability Action Payment will be adjusted to reflect the actual constituents of milk delivered by suppliers. The actual average price paid by Tirlán for April creamery milk, based on delivered constituents will be 54.99 c/L (including VAT), the processor. Tirlán chairperson John Murphy said that while markets are 'relatively stable' there has been a decline in returns for some individual products. Murphy said: 'We are pleased to be able to maintain farm gate milk price at over 50c/L for the high-volume month of April. 'The outcome of trade discussions over the coming period is likely to impact on market direction. Consumer reaction to higher prices will also need to be closely watched,' Murphy added. The board of Tirlán has said it will continue to monitor developments on a monthly basis. Tirlán Earlier this week (May 12), it was announced that over 11,000 Tirlán co-op members would benefit from a spin-out of €173 million worth of Glanbia plc shares. The board of Tirlán Co-operative Society Limited has approved the distribution of 15 million Glanbia plc shares to co-op members. Based on a Glanbia plc closing share price of €11.51 as of last Friday (May 9), this will be worth approximately €5,156 for every 1,000 shares that a member holds in Tirlán co-op, or over €16,804 to an average active Tirlán co-op member. The co-op said the spin-out was 'overwhelmingly approved' by members of Tirlán at a special general meeting held on October 4, 2024. Following the completion of the spin-out, Tirlán co-op will remain the largest individual shareholder in Glanbia plc, with 23.7% of the issued share capital.
Yahoo
01-05-2025
- Business
- Yahoo
European Dividend Stocks And 2 More Top Picks
As European markets experience a positive upswing, with the STOXX Europe 600 Index climbing 2.77% amid easing trade tensions, investors are increasingly looking towards dividend stocks as a stable source of income in uncertain economic times. In this environment, selecting dividend stocks that offer consistent payouts and potential for growth can be an effective strategy to navigate market fluctuations while benefiting from regular income streams. Name Dividend Yield Dividend Rating Julius Bär Gruppe (SWX:BAER) 4.88% ★★★★★★ Zurich Insurance Group (SWX:ZURN) 4.39% ★★★★★★ Bredband2 i Skandinavien (OM:BRE2) 4.61% ★★★★★★ OVB Holding (XTRA:O4B) 4.42% ★★★★★★ S.N. Nuclearelectrica (BVB:SNN) 9.22% ★★★★★★ HEXPOL (OM:HPOL B) 5.02% ★★★★★★ Deutsche Post (XTRA:DHL) 4.93% ★★★★★★ Cembra Money Bank (SWX:CMBN) 4.27% ★★★★★★ Rubis (ENXTPA:RUI) 7.11% ★★★★★★ Banque Cantonale Vaudoise (SWX:BCVN) 4.34% ★★★★★★ Click here to see the full list of 234 stocks from our Top European Dividend Stocks screener. Below we spotlight a couple of our favorites from our exclusive screener. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Glanbia plc is a global nutrition company operating through its subsidiaries, with a market capitalization of approximately €2.90 billion. Operations: Glanbia plc generates revenue through its Glanbia Nutritionals segment, contributing $2.10 billion, and its Glanbia Performance Nutrition segment, which adds $1.81 billion. Dividend Yield: 3.2% Glanbia's dividend payments, while covered by earnings (63.5% payout ratio) and cash flows (29.9% cash payout ratio), have been historically volatile and unreliable, with a yield of 3.24%, below the Irish market's top tier. Recent strategic moves include plans to divest its Slim-Fast brand to focus on growth opportunities, despite declining sales from $5.43 billion to $3.84 billion and reduced net income from $344.4 million to $164.7 million year-over-year, reflecting financial challenges impacting dividend stability prospects. Unlock comprehensive insights into our analysis of Glanbia stock in this dividend report. Our expertly prepared valuation report Glanbia implies its share price may be too high. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Strabag SE is a global construction company with a market capitalization of approximately €9.14 billion. Operations: Strabag SE generates revenue through its segments: North + West (€7.35 billion), South + East (€7.28 billion), and International + Special Divisions (€3.06 billion). Dividend Yield: 3.2% Strabag's dividend payments, although covered by earnings (34% payout ratio) and cash flows (39.8% cash payout ratio), have been unstable over the past decade. The recent annual dividend of €2.50 per share reflects an increase, yet the yield remains below Austria's top tier at 3.23%. Despite a volatile share price and declining revenue forecasts, Strabag reported improved net income of €823 million for 2024, indicating potential financial resilience amidst market fluctuations. Take a closer look at Strabag's potential here in our dividend report. According our valuation report, there's an indication that Strabag's share price might be on the cheaper side. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: MPC Münchmeyer Petersen Capital AG is a publicly owned investment manager with a market cap of €171.31 million. Operations: MPC Münchmeyer Petersen Capital AG generates revenue through its Management Services segment (€34.81 million), Transaction Services segment (€6.19 million), and Miscellaneous activities (€2.03 million). Dividend Yield: 5.6% MPC Münchmeyer Petersen Capital's dividend payments are well-covered by both earnings and cash flows, with payout ratios of 56.6% and 64.6%, respectively. Despite only three years of dividend history, the yield is competitive at 5.56%, ranking in Germany's top quartile. While dividends have been stable, large one-off items affect earnings quality. Recent results show net income growth to €16.81 million for 2024, supporting its dividend sustainability amidst favorable analyst price targets and good relative value trading conditions. Click to explore a detailed breakdown of our findings in MPC Münchmeyer Petersen Capital's dividend report. Our comprehensive valuation report raises the possibility that MPC Münchmeyer Petersen Capital is priced lower than what may be justified by its financials. Delve into our full catalog of 234 Top European Dividend Stocks here. Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio's performance. Simply Wall St is your key to unlocking global market trends, a free user-friendly app for forward-thinking investors. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ISE:GL9 WBAG:STR and XTRA:MPCK. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Agriland
29-04-2025
- Business
- Agriland
Tirlán reports group revenue up 5% to €2.66bn in 2024
Tirlán today (Tuesday, April 29) reported that its group revenue increased by 5% last year to hit the €2.66 billion mark against the backdrop of, what one of the country's largest co-op's described as, a 'challenging year'. According to the Kilkenny-based co-op – which processed a third of the Irish milk pool at 3.028 billion litres last year – its operating profit in 2024 also 'remained consistent at €67.2 million'. Tirlán's latest financial results released today highlight that it delivered earnings before interest, tax, depreciation and amortisation (EBITDA) of €118.5 million for 2024. The co-op also emphasised that it drove down its core net debt last year by €17 million to €138 million to settle at the lowest level in over a decade. Source: Tirlán According to the chair of the co-op, John Murphy, Tirlán delivered 'strong milk and grain prices and supports throughout a challenging year' – with farmers in Co. Kilkenny receiving the lion's share of milk payments worth €263 million. '2024 was a year of two distinct halves for our co-op and our members. We supported our members financially with a Member Support Package of €30 million offered in the face of significant weather challenges in the first half of the year that curtailed milk supply and resulted in the late sowing of crops. 'Dairy markets strengthened as the year progressed, with milk supplies finishing strongly and competitive prices for both milk and grain. 'Over €1.5 billion was paid out to farm families for milk and grain, demonstrating the importance of the agriculture sector as an indigenous Irish employer and driver of the rural economy,' Murphy added. The co-op underlined in its 2024 annual report that 'strengthened markets were also reflected in an average milk price of 52c/L including VAT and constituents' last year. The annual report detailed that although milk supply 'made a strong recovery in the later months of 2024' it finished the year approximately 1% back on 2024 volumes. TIrlán also said it 'paid the highest grain price at harvest of €210 per tonne for green feed barley', with close to half of grain supplied to the co-op now achieving a premium payment. Tirlán The co-op's members also received €7.1 million last year through a share Interest 'dividend' payment of 20.96 cent per share. 'Over 4,500 dairy, grain and drystock farmer members were paid €5.9 million as part of the 2024 trading bonus scheme that rewards farmer members and customers for their loyalty and trade with Tirlán,' the co-op detailed. Last year Tirlán's members also approved the distribution of 15 million Glanbia plc shares to co-op members, with the 'spin-out' worth €148.2 million – based on a shareholding and Glanbia plc share price of €9.88 as at April, 4 2025 – on track for completion in the second half of May 2025. 'It brings the total value of spin-outs since 2012 to almost €600 million,' Tirlán also added. According to Tirlán's chair, the co-op 'hit many milestones' in 2024 which included the Farming for Water: River Slaney Project and the new €220 million Kilkenny Cheese joint venture facility which entered the commissioning phase.
