About N.V. Bekaert S.A. (BEKAY) — Dividend Analysis 2026
NV Bekaert SA provides steel wire transformation and coating technologies worldwide. The company operates through four business units: Rubber Reinforcement, Steel Wire Solutions, Specialty Businesses, and Bridon-Bekaert Ropes Group. It offers tire cord and bead wire products for tire sector; hose reinforcement wire and conveyor belt reinforcement products; and steel wire products and solutions for agriculture, energy and utilities, mining, construction, consumer goods, and the industrial sectors. The company also provides ropes for a range of sectors, including surface and underground mining, offshore and onshore energy, crane and industrial, fishing and marine, and structures; fine steel cords for elevator and timing belts; and window regulator and heating cords for the automotive sector. In addition, it offers building products that reinforce concrete, masonry, plaster, and asphalt; fiber technologies for the filtration, heat-resistant textiles, electroconductive textiles, hydrogen electrolysis technologies, the safe discharge of static energy, sensor technologies, and the semiconductor business; and combustion technologies for gas and hydrogen burners, and residential and commercial heat exchangers. The company was founded in 1880 and is headquartered in Zwevegem, Belgium.
Is BEKAY a good dividend investment in 2026?
BEKAY offers a 4.69% forward yield with a 50% payout ratio. Strand Safety Score: 38/100 (High Risk). The 5-year dividend CAGR of -46.1% is modest — investors should weigh current income against growth alternatives.
BEKAY DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your BEKAY portfolio grows to $19.65 vs $557.07 without reinvestment. This is the compound interest effect in action.
BEKAY dividend growth history & forecast
BEKAY has grown its dividend by 0% over the last year and -46.1% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 4.69%.
FCF ($331M) is below dividends paid ($1.1B) — risk of cut (FCF: $331M · Dividends est.: $1.1B)
Debt Leverage0.0× Debt/EBITDA
30 / 30 pts
30/30
Debt/EBITDA 0.0× — low leverage, balance sheet is strong
Earnings Momentum+0.1B → +0.2B → +0.3B
8 / 30 pts
8/30
Net income is positive but trending down — watch for further deterioration
OVERALL ASSESSMENT
Dividend sustainability questionable — consider alternative income stocks.
STRAND SCORE
38
/100
Strand Safety Score™ is proprietary to DividendFlow. Inputs: FCF, Debt/EBITDA, Net Income from SEC filings via FMP. Not financial advice. N/A for ETFs, pre-revenue companies, and tickers without income statements.
🌍 BEKAY Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold BEKAY.
Gross yield
4.69%
Tax rate
15.00%
After-tax yield
3.99%
Real yield (−CPI)
1.19%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
4.69%
1.89%
$469 / yr
🇺🇸 US Taxable (15%) ✓
15%
3.99%
1.19%
$399 / yr
🇺🇸 US Taxable (20%)
20%
3.75%
0.95%
$375 / yr
🇬🇧 UK ISA
0%
4.69%
1.89%
$469 / yr
🇬🇧 UK Taxable
8.75%
4.28%
1.48%
$428 / yr
🇨🇦 TFSA
0%
4.69%
1.89%
$469 / yr
🇨🇦 CA Taxable
25%
3.52%
0.72%
$352 / yr
🇦🇺 Super (pension)
15%
3.99%
1.19%
$399 / yr
🇦🇺 AU Taxable
30%
3.28%
0.48%
$328 / yr
🇩🇪 DE Taxable
26.375%
3.45%
0.65%
$345 / yr
🇫🇷 FR Taxable
30%
3.28%
0.48%
$328 / yr
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 BEKAY Income Goal & Break-Even
Dividend Break-Even
50yr+
Years for dividends to fully repay your BEKAY investment of $4.55/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$491.84
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$-1980.45
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in BEKAY for:
Shares needed
132,293
Capital required
$601,933
Monthly income
$2,000
Based on current dividend of $0.21/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 BEKAY Dividend Payment Schedule
BEKAY pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$0.45 / payment
$1.81 / year after tax
100 shares
$4.54 / payment
$18.14 / year after tax
1,000 shares
$45.35 / payment
$181.42 / year after tax
📊 BEKAY vs Industrials Benchmarks
How BEKAY compares to typical Industrials averages.
Benchmark: Industrials
Dividend Yield▲+2.49% vs sectorBetter
BEKAY
4.69%
avg
2.20%
5Y Dividend CAGR▼-53.60% vs sectorBelow avg
BEKAY
-46.10%
avg
7.50%
Payout Ratio▼+6.00% vs sectorBelow avg
BEKAY
50.00%
avg
44.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for BEKAY sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ BEKAY Insider Activity
No recent SEC filings reported in the last 90 days.
🔬
Financial Health Scores
Altman Z-Score
10.52
✅ Safe Zone — low bankruptcy risk
Safe: >3.0 · Grey: 1.81–3.0 · Distress: <1.81
Piotroski F-Score
5/9
⚠️ Moderate fundamentals
Strong: 7–9 · Moderate: 4–6 · Weak: 0–3
Altman Z-Score predicts bankruptcy risk. Piotroski F-Score measures financial strength across 9 criteria. High scores → lower dividend cut risk. Data via FMP financial statements.
📊 About This Data
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the BEKAY dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →