Latest news with #SixtSE
Bloomberg
4 days ago
- Automotive
- Bloomberg
Germany's Merz Criticizes Plan to Make Car-Rental Firms Buy EVs
German Chancellor Friedrich Merz criticized plans that newspaper Bild said the European Union is working on that would prohibit car-rental firms and large corporations from buying non-electric vehicles for their fleets from 2030. Under the deliberations, companies like Sixt SE and Europcar Mobility Group SA would only be allowed to purchase electric vehicles from that date, Bild reported on Sunday, citing EU sources it didn't identify.
Yahoo
5 days ago
- Automotive
- Yahoo
EU to Force Car-Rental Firms to Buy EVs Only From 2030: Bild
(Bloomberg) -- The European Commission is working on a plan to prohibit car-rental firms and large corporations from buying non-electric vehicles for their fleets from 2030, according to German newspaper Bild. Why the Federal Reserve's Building Renovation Costs $2.5 Billion The Dutch Intersection Is Coming to Save Your Life Milan Corruption Probe Casts Shadow Over Property Boom Mumbai Facelift Is Inspired by 200-Year-Old New York Blueprint How San Jose's Mayor Is Working to Build an AI Capital Under the deliberations, companies like Sixt SE and Europcar Mobility Group SA would only be allowed to purchase electric vehicles from that date, the publication said, citing European Union sources it didn't identify. The move would affect 60% of the new car business, if enacted, it cited one Brussels lawmaker as saying. The Commission plans to present the proposal, which would be a de facto acceleration of the EU's plan to phase out combustion engines, later in the summer before submitting it for parliamentary approval, the newspaper said. The EU confirmed to Bild that work is underway on new regulations, while declining to provide details. The EU currently plans to phase out combustion vehicle sales by 2035. A Rebel Army Is Building a Rare-Earth Empire on China's Border Thailand's Changing Cannabis Rules Leave Farmers in a Tough Spot How Starbucks' CEO Plans to Tame the Rush-Hour Free-for-All What the Tough Job Market for New College Grads Says About the Economy Godzilla Conquered Japan. Now Its Owner Plots a Global Takeover ©2025 Bloomberg L.P.
Bloomberg
5 days ago
- Automotive
- Bloomberg
EU to Force Car-Rental Firms to Buy EVs Only From 2030: Bild
The European Commission is working on a plan to prohibit car-rental firms and large corporations from buying non-electric vehicles for their fleets from 2030, according to German newspaper Bild. Under the deliberations, companies like Sixt SE and Europcar Mobility Group SA would only be allowed to purchase electric vehicles from that date, the publication said, citing European Union sources it didn't identify.
Yahoo
01-06-2025
- Business
- Yahoo
Income Investors Should Know That Sixt SE (ETR:SIX2) Goes Ex-Dividend Soon
Sixt SE (ETR:SIX2) stock is about to trade ex-dividend in four days. The ex-dividend date is usually set to be two business days before the record date, which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade can take two business days or more to settle. In other words, investors can purchase Sixt's shares before the 6th of June in order to be eligible for the dividend, which will be paid on the 11th of June. The company's next dividend payment will be €2.70 per share, and in the last 12 months, the company paid a total of €2.70 per share. Based on the last year's worth of payments, Sixt stock has a trailing yield of around 3.2% on the current share price of €83.60. If you buy this business for its dividend, you should have an idea of whether Sixt's dividend is reliable and sustainable. As a result, readers should always check whether Sixt has been able to grow its dividends, or if the dividend might be cut. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. Sixt is paying out an acceptable 52% of its profit, a common payout level among most companies. Yet cash flows are even more important than profits for assessing a dividend, so we need to see if the company generated enough cash to pay its distribution. Thankfully its dividend payments took up just 28% of the free cash flow it generated, which is a comfortable payout ratio. It's encouraging to see that the dividend is covered by both profit and cash flow. This generally suggests the dividend is sustainable, as long as earnings don't drop precipitously. See our latest analysis for Sixt Click here to see the company's payout ratio, plus analyst estimates of its future dividends. Businesses with strong growth prospects usually make the best dividend payers, because it's easier to grow dividends when earnings per share are improving. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. With that in mind, we're encouraged by the steady growth at Sixt, with earnings per share up 3.6% on average over the last five years. Earnings per share growth has been slim, and the company is already paying out a majority of its earnings. While there is some room to both increase the payout ratio and reinvest in the business, generally the higher a payout ratio goes, the lower a company's prospects for future growth. Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. In the last 10 years, Sixt has lifted its dividend by approximately 8.4% a year on average. It's encouraging to see the company lifting dividends while earnings are growing, suggesting at least some corporate interest in rewarding shareholders. From a dividend perspective, should investors buy or avoid Sixt? While earnings per share growth has been modest, Sixt's dividend payouts are around an average level; without a sharp change in earnings we feel that the dividend is likely somewhat sustainable. Pleasingly the company paid out a conservatively low percentage of its free cash flow. In summary, while it has some positive characteristics, we're not inclined to race out and buy Sixt today. So while Sixt looks good from a dividend perspective, it's always worthwhile being up to date with the risks involved in this stock. In terms of investment risks, we've identified 2 warning signs with Sixt and understanding them should be part of your investment process. Generally, we wouldn't recommend just buying the first dividend stock you see. Here's a curated list of interesting stocks that are strong dividend payers. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) 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. Sign in to access your portfolio
