Covivio SA

Dividend Aristocrat

Last update: Mar 23, 2026 at 13:52

About Covivio SA

Covivio SA is a leading French real estate investment trust and SBF 120-listed company managing a €23.6 billion portfolio across Europe. Specializing as an investor, developer, manager, and service designer, it focuses on creating sustainable, innovative properties including offices, residential units, and hotels in prime locations within major cities like Paris, Berlin, Milan, and Düsseldorf. The portfolio emphasizes high-quality office buildings in Paris and Milan, alongside significant German residential assets in Berlin, Hamburg, and Dresden, supplemented by hotel management through its WiZiU platform in France and Belgium via partnerships with brands like Accor, Hilton, IHG, and Marriott. Covivio generates nearly all revenue from rental income, with French offices as the primary contributor, followed by Italian offices and German residences. Committed to urban revitalization and climate challenges, it develops mixed-use projects with stakeholders to foster flexible, user-centered spaces that enhance client experiences and support high-performance cities. With a 97.3% occupation rate and 1,013 employees, Covivio plays a pivotal role in the European real estate sector, shaping tomorrow's lifestyles and business environments.

Dividend Overview

Dividend Yield

2.79%

Annual Dividend

€1.50

Frequency

Annual

Payout Ratio

52.79%

FCF Payout Ratio

N/A

Stock Price

€53.70

52-Week Range

€43.40 – €62.80

Dividend Health Score

Safe

Dividend Health Assessment

COV.PA's dividend appears safe and well-supported. Strengths include a 52.8% earnings payout ratio and 19.9% fcf payout ratio. Areas of concern: 1.7x interest coverage and 0.8x current ratio. As a Dividend Aristocrat with 25+ consecutive years of increases, COV.PA has a proven commitment to shareholders. As a REIT, higher payout ratios are normal since they are required to distribute most taxable income.

Based on 14 of 14 metrics

Payout & Coverage

Safe

Earnings Payout Ratio

52.8%Very Safe

FCF Payout Ratio

19.9%Very Safe

CFO Payout Ratio

9.3%Very Safe

Interest Coverage

1.7xWarning

Balance Sheet

Caution

Net Debt / Total Assets

39.1%Caution

Current Ratio

0.8xWarning

Debt-to-Equity

84.9Very Safe

Profitability

Safe

Return on Equity

9.4%Caution

Operating Margin

81.3%Very Safe

Gross Margin

76.6%Very Safe

Profit Margin Stability

VolatileWarning

Dividend Track Record

Caution

Dividend Streak

11+ yrsVery Safe

5-Year Dividend CAGR

-6.1%Danger

Earnings Stability

Mostly StableCaution

Dividend History (2016–2025)

COV.PA annual dividend per share and yield history

Earnings & Profitability

COV.PA earnings per share and net profit margin

Key Dates

Next Ex-Dividend Date

July 15, 2026

Next Payment Date

—

Dividend Growth

3-Year Dividend CAGR

-2.27%

5-Year Dividend CAGR

-6.12%

10-Year Dividend CAGR

-2.04%

3-Year Total Growth

-6.67%

5-Year Total Growth

-27.08%

10-Year Total Growth

-18.60%

This company has increased its dividend for 25+ consecutive years.

Income Calculator

COV.PA Dividend Calculator

Number of Shares

Total Investment

€5,370.00

Annual Income

€150.00

Quarterly Income

€37.50

Monthly Income

€12.50

Frequently Asked Questions

What is COV.PA's current dividend yield?

Covivio SA (COV.PA) currently has a dividend yield of 2.79%, based on a stock price of €53.70 and an annual dividend of €1.50.

When is COV.PA's next dividend payment date?

COV.PA's next ex-dividend date is 2026-07-15 and the next payment date is null. You must own the stock before the ex-dividend date to receive the upcoming payment.

How much does COV.PA pay in dividends per year?

Covivio SA paid €3.50 per share in annual dividends in 2025. The dividends are paid annual.

Has COV.PA been increasing its dividend?

Yes, Covivio SA is a 1. Its dividend has grown at a 5-year CAGR of -6.12%, a 3-year CAGR of -2.27%, and a 10-year CAGR of -2.04%.

Is COV.PA's dividend safe?

Covivio SA has a payout ratio of 52.79%. A payout ratio below 60% is generally considered sustainable.

How is COV.PA's Dividend Health Score calculated?

The Dividend Health Score evaluates Covivio SA's dividend sustainability across four categories: Payout & Coverage (40%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (20%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for real estate companies. The overall score ranges from 0 to 100.

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

Track COV.PA Dividends with OnlyDividends

What will COV.PA 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 Health Score, 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.