Thule Group AB

Last update: May 9, 2026 at 09:32

Dividend Safety Rating

Caution

THULE.ST's dividend shows some areas that warrant monitoring. Strengths include a 7.5x interest coverage & 29.5% net debt / total assets. Areas of concern: 489.6% fcf payout ratio & Yes dividend cut.

Based on 14 of 15 metrics

Strengths

Current Ratio: 2.1xStrong short-term liquidity to meet obligations.
Debt-to-Equity: 57.8Conservative debt level relative to equity.
Interest Coverage: 7.5xEarnings cover interest payments many times over.

Risks

FCF Payout Ratio: 489.6%Free cash flow is tight relative to the dividend.
Dividend Cut: YesDividend was cut or suspended in recent history.

Payout & Coverage

Caution

Earnings Payout Ratio

78.5%Caution

FCF Payout Ratio

489.6%Danger

CFO Payout Ratio

66.6%Caution

Interest Coverage

7.5xSafe

Balance Sheet

Very Safe

Net Debt / Total Assets

29.5%Safe

Current Ratio

2.1xVery Safe

Debt-to-Equity

57.8Very Safe

Profitability

Safe

Return on Equity

14.7%Safe

Operating Margin

16.5%Safe

Gross Margin

44.9%Safe

Profit Margin Stability

StableSafe

Dividend Track Record

Caution

5 yrsCaution

YesDanger

N/AN/A

StableSafe

About Thule Group AB

Thule Group AB is a Swedish company specializing in the development, manufacture, and sale of outdoor, sports, and transportation products. Founded in 1942 in Hillerstorp, it has grown into a global leader with brands offering cargo carriers, roof racks, bike racks, roof boxes, strollers, backpacks, luggage, rooftop tents, and accessories for active lifestyles. The portfolio includes prominent brands like Thule, Case Logic for electronics bags, Chariot carriers, Yepp child bike seats, SportRack, and Tepui rooftop tents, recently expanded by the 2024 acquisition of Australian Quad Lock for mobile phone attachments. Thule Group AB serves consumers in outdoor activities such as biking, camping, skiing, water sports, and travel, with products sold through 4,700 points of sale across 136 countries. Headquartered in Malmö, the company employs around 2,800 people and focuses on innovation, durability, safety, and sustainability, including sponsorships for disabled children and donations to migrant programs. Its diverse sales come from regions like the USA, Germany, other Europe, and Asia-Pacific, emphasizing premium quality in the automotive accessories and consumer cyclicals sectors.

Dividend Overview

Dividend Yield

3.46%

Annual Dividend

SEK 8.30

Frequency

Semi-Annual

Payout Ratio

78.45%

FCF Payout Ratio

489.62%

Stock Price

—

52-Week Range

SEK 190.00 – SEK 319.40

Dividend History (2016–2025)

THULE.ST annual dividend per share and yield history

Earnings & Profitability

THULE.ST earnings per share and net profit margin

Key Dates

Next Ex-Dividend Date

May 12, 2026

Next Payment Date

—

Dividend Growth

3-Year Dividend CAGR

-13.89%

5-Year Dividend CAGR

N/A

10-Year Dividend CAGR

23.57%

3-Year Total Growth

-36.15%

5-Year Total Growth

N/A

10-Year Total Growth

730.00%

Income Calculator

THULE.ST Dividend Calculator

Number of Shares

Total Investment

SEK 0.00

Annual Income

SEK 830.00

Quarterly Income

SEK 207.50

Monthly Income

SEK 69.17

Frequently Asked Questions

What is THULE.ST's current dividend yield?

Thule Group AB (THULE.ST) currently has a dividend yield of 3.46%, based on a stock price of — and an annual dividend of SEK 8.30.

When is THULE.ST's next dividend payment date?

THULE.ST's next ex-dividend date is 2026-05-12 and the next payment date is —. You must own the stock before the ex-dividend date to receive the upcoming payment.

How much does THULE.ST pay in dividends per year?

Thule Group AB paid SEK 8.30 per share in annual dividends in 2025. The dividends are paid semi-annual.

Has THULE.ST been increasing its dividend?

Thule Group AB has grown its dividend at a 5-year CAGR of — and a 10-year CAGR of 23.57%.

Is THULE.ST's dividend safe?

Thule Group AB has a payout ratio of 78.45%. Its free cash flow payout ratio is 489.62%. The payout ratio is moderate. Monitor earnings to ensure sustainability.

How is THULE.ST's Dividend Safety Rating calculated?

The Dividend Safety Rating evaluates Thule Group AB's dividend sustainability across four categories: Payout & Coverage (30%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (30%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for consumer cyclical companies. The overall score ranges from 0 to 100.

Want to understand how we rate dividend safety? Read our full methodology

Track THULE.ST Dividends with OnlyDividends

What will THULE.ST actually pay you after taxes? Track every payout, get notified on payment dates, and stop guessing.

This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.

Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.

Market data provided by Twelve Data.