Legrand (EPA:LR) Has Announced That It Will Be Increasing Its Dividend To €2.38

Legrand SA (EPA:LR) will increase its dividend on the 2nd of June to €2.38, which is 8.2% higher than last year's payment from the same period of €2.20. This makes the dividend yield about the same as the industry average at 1.5%.Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Legrand's Future Dividend Projections Appear Well Covered By Earnings Unless the payments are sustainable, the dividend yield doesn't mean too much. Based on the last payment, Legrand was quite comfortably earning enough to cover the dividend. This means that a large portion of its earnings are being retained to grow the business. The next year is set to see EPS grow by 38.4%. If the dividend continues along recent trends, we estimate the payout ratio will be 39%, which is in the range that makes us comfortable with the sustainability of the dividend. ENXTPA:LR Historic Dividend February 15th 2026 See our latest analysis for Legrand Legrand Has A Solid Track Record The company has been paying a dividend for a long time, and it has been quite stable which gives us confidence in the future dividend potential. The annual payment during the last 10 years was €1.15 in 2016, and the most recent fiscal year payment was €2.20. This means that it has been growing its distributions at 6.7% per annum over that time. The growth of the dividend has been pretty reliable, so we think this can offer investors some nice additional income in their portfolio. The Dividend Looks Likely To Grow Investors could be attracted to the stock based on the quality of its payment history. It's encouraging to see that Legrand has been growing its earnings per share at 13% a year over the past five years. Shareholders are getting plenty of the earnings returned to them, which combined with strong growth makes this quite appealing. We Really Like Legrand's Dividend Overall, a dividend increase is always good, and we think that Legrand is a strong income stock thanks to its track record and growing earnings. Earnings are easily covering distributions, and the company is generating plenty of cash. All in all, this checks a lot of the boxes we look for when choosing an income stock. Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. As an example, we've identified 1 warning sign for Legrand that you should be aware of before investing. Is Legrand not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks. New: AI Stock Screener & AlertsOur new AI Stock Screener scans the market every day to uncover opportunities.• Dividend Powerhouses (3%+ Yield)• Undervalued Small Caps with Insider Buying• High growth Tech and AI CompaniesOr build your own from over 50 metrics.Explore Now for Free