For investors in Swiss watch brands, new data shows long-running price declines will continue.
The Swatch Group AG (SWGAY) recently announced a dividend of $0.36 per share, payable on 2024-05-30, with the ex-dividend date set for 2024-05-13. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's look into The Swatch Group AG's dividend performance and assess its sustainability.
Coming off a "hype watch"-fueled 2023, luxury Swiss watch giant Rolex is taking a step back with some toned-down debuts for 2024, mirroring a watch market that’s returning to normalcy.