
SES S.A.
SGBAFCommunication Services · Broadcasting · Stock · semiannual payer
Forward Yield
13.45%
Annual Dividend
$0.59
Payout Ratio
37%
5-Yr Growth
-8.1%
Ex-Date
Oct 13, 2026
Frequency
Semiannual
Key facts about SGBAF's dividend
Data as of · Source: SmarterDividends data
- As of Oct 12, 2026, SES S.A. (SGBAF) has a forward dividend yield of 13.45%, based on an annual dividend of $0.59 per share and a share price of $4.23.
- As of Oct 12, 2026, SGBAF's dividend safety grade from SmarterDividends is D (46 out of 100), which rates the dividend as unsafe.
- SGBAF last cut its regular dividend in 2025.
- SGBAF's next ex-dividend date is Oct 13, 2026, with payment on Oct 15, 2026. Shares must be owned before that date to receive the dividend.
- As of Oct 12, 2026, SGBAF pays out 37% of its trailing 12-month earnings as dividends (its payout ratio).
- SGBAF's dividend has shrunk at an average rate of 8.1% a year over the past five years.
- As of Oct 12, 2026, SGBAF's 13.45% yield is 61% above its five-year average yield of 8.35%.
- As of Oct 12, 2026, SmarterDividends' blended fair-value estimate for SGBAF is $13.75 per share, 225% above the $4.23 share price, so SGBAF screens as undervalued.
- SES S.A. (SGBAF) pays its dividend semiannual, 2 times a year.
Cite this page
SmarterDividends, "SGBAF Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 12, 2026, https://smarterdividends.com/stocks/SGBAF
Summary
As of Oct 12, 2026, SES S.A. (SGBAF) yields 13.45% ($0.59 a year per share) and has a dividend safety grade of D (46/100).
Is SGBAF a good dividend stock?
MixedSES S.A. (SGBAF) pays a semiannual dividend yielding 13.45% ($0.59/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Comfortable payout ratio (37%)
Risks
- Cut its dividend in 2025
- Dividend has been shrinking, not growing
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 13.45%
- Payout Ratio
- 37%
- Annual Dividend
- $0.59
- 5-Yr Avg Growth
- -8.1%
- Ex-Dividend Date
- Oct 13, 2026
- Years of Growth
- 0
- Frequency
- semiannual
- Beta
- 0.98
- Market Cap
- $1.7B
- P/E Ratio
- —
- 5-Yr Total Return
- -53%
- 52-Week Range
- $4.23 – $11.40
- Dividend Safety
- D · 46/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
Is SGBAF a good dividend stock?
Mixed. SES S.A. (SGBAF) pays a semiannual dividend yielding 13.45% ($0.59/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Is SGBAF undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, SGBAF's fair value is about $13.75 versus a $4.23 share price — so it looks undervalued (+225% vs. fair value).
Is SGBAF's dividend safe?
SGBAF has a dividend-safety grade of D (46/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2025, debt and yield-versus-history.
What is SGBAF's fair value?
Our blended fair-value estimate for SGBAF is about $13.75 per share, roughly 225% above the current $4.23 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is SGBAF a buy, hold, or sell?
We don't issue formal ratings, but on the data SGBAF screens as "mixed" and undervalued. SES S.A. (SGBAF) pays a semiannual dividend yielding 13.45% ($0.59/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.
Will SGBAF cut its dividend?
SGBAF earns a dividend-safety grade of D (46/100), and has cut its dividend before (last in 2025). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does SGBAF pay a dividend?
Yes. SES S.A. pays a semiannual dividend of about $0.59 per share annually, a forward yield of roughly 13.45%.
What is SGBAF's dividend yield?
As of Oct 12, 2026, SGBAF's forward dividend yield is 13.45%, based on a $0.59 annual dividend and a $4.23 share price.
What is SGBAF's dividend per share?
As of Oct 12, 2026, SGBAF pays $0.59 per share per year, distributed on a semiannual basis.
What is SGBAF's dividend payout ratio?
As of Oct 12, 2026, SGBAF's payout ratio is 37% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has SGBAF grown its dividend?
SGBAF does not currently have a long dividend-growth streak on record.
When is the next SGBAF ex-dividend date?
As of Oct 12, 2026, the next ex-dividend date on record for SGBAF is Oct 13, 2026.
SGBAF Price — Last 12 Months
Daily close
Price Return
1 Year
-48%
3 Years
-28%
5 Years
-53%
52-Week Range
$4.23 – $11.40
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is SGBAF worth?
Undervaluedlow confidenceOur blended fair-value estimate for SES S.A. is $13.75 per share, versus a market price of $4.23. That implies 225% of upside — a margin of safety of about 69%.
Fair Value
$13.75
Current Price
$4.23
Upside
+225%
Margin of Safety
69%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 12.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.2% discount rate (CAPM), 12.0% growth for five years fading to 2.5% over the next five, -$0.86 EPS, $0.59 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
SGBAF Dividend Safety Score
Risky
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full SGBAF dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Apr 15, 2025 | — | $0.2840 | regular |
| Oct 15, 2024 | — | $0.2730 | regular |
| Apr 16, 2024 | Apr 18, 2024 | $0.5310 | regular |
| Apr 18, 2023 | Apr 20, 2023 | $0.5470 | regular |
| Apr 19, 2022 | Apr 21, 2022 | $0.5390 | regular |
| Apr 20, 2021 | Apr 22, 2021 | $0.4820 | regular |
| Apr 21, 2020 | Apr 23, 2020 | $0.4340 | regular |
| Apr 23, 2019 | Apr 25, 2019 | $0.9010 | regular |
| Apr 23, 2018 | Apr 25, 2018 | $0.9830 | regular |
| Apr 24, 2017 | Apr 26, 2017 | $1.4380 | regular |
| Apr 25, 2016 | Apr 27, 2016 | $1.4590 | regular |
| Apr 20, 2015 | Apr 22, 2015 | $1.2750 | regular |
| Apr 17, 2014 | Apr 24, 2014 | $1.4780 | regular |
Income Calculator
At $0.59 / yr per share
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