About Invesco European Small Company Fund Class A (ESMAX) — Dividend Analysis 2026
The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities of small-capitalization European issuers, and in derivatives and other instruments that have economic characteristics similar to such securities. The fund's manager considers an issuer to be a small-capitalization issuer if it has a market capitalization, at the time of purchase, no larger than the largest capitalized issuer included in the Russell 2000® Index. The fund invests primarily in equity securities and depositary receipts.
Is ESMAX a good dividend investment in 2026?
ESMAX offers a 36.55% forward yield with a 50% payout ratio. Strand Safety Score: 0/100 (Critical Risk). The 5-year dividend CAGR of 0% is modest — investors should weigh current income against growth alternatives.
ESMAX DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your ESMAX portfolio grows to $225.3K vs $46.5K without reinvestment. This is the compound interest effect in action.
ESMAX dividend growth history & forecast
ESMAX has grown its dividend by 0% over the last year and 0% 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 36.55%.
Company generates negative FCF ($0) — borrowing to pay dividends
Debt Leverage0.0× Debt/EBITDA
0 / 30 pts
0/30
Company not generating EBITDA — debt servicing risk is elevated
Earnings Momentum-0.0B → -0.0B → +0.0B
0 / 30 pts
0/30
Company is reporting net losses — dividend sustainability is in question
OVERALL ASSESSMENT
High risk of dividend cut — weak fundamentals across multiple factors.
STRAND SCORE
0
/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.
🌍 ESMAX Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold ESMAX.
Gross yield
36.55%
Tax rate
15.00%
After-tax yield
31.07%
Real yield (−CPI)
28.27%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
36.55%
33.75%
$3,655 / yr
🇺🇸 US Taxable (15%) ✓
15%
31.07%
28.27%
$3,107 / yr
🇺🇸 US Taxable (20%)
20%
29.24%
26.44%
$2,924 / yr
🇬🇧 UK ISA
0%
36.55%
33.75%
$3,655 / yr
🇬🇧 UK Taxable
8.75%
33.35%
30.55%
$3,335 / yr
🇨🇦 TFSA
0%
36.55%
33.75%
$3,655 / yr
🇨🇦 CA Taxable
25%
27.41%
24.61%
$2,741 / yr
🇦🇺 Super (pension)
15%
31.07%
28.27%
$3,107 / yr
🇦🇺 AU Taxable
30%
25.58%
22.78%
$2,558 / yr
🇩🇪 DE Taxable
26.375%
26.91%
24.11%
$2,691 / yr
🇫🇷 FR Taxable
30%
25.58%
22.78%
$2,558 / 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.
🎯 ESMAX Income Goal & Break-Even
Dividend Break-Even
4yr
Years for dividends to fully repay your ESMAX investment of $12.03/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$139.6K
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$137.1K
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in ESMAX for:
Shares needed
6,423
Capital required
$77,269
Monthly income
$2,000
Based on current dividend of $4.40/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 ESMAX Dividend Payment Schedule
ESMAX pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$9.34 / payment
$37.37 / year after tax
100 shares
$93.42 / payment
$373.69 / year after tax
1,000 shares
$934.23 / payment
$3736.94 / year after tax
📊 ESMAX vs Financial Services Benchmarks
How ESMAX compares to typical Financial Services averages.
Benchmark: Financial Services
Dividend Yield▲+33.65% vs sectorBetter
ESMAX
36.55%
avg
2.90%
5Y Dividend CAGR▼-7.10% vs sectorBelow avg
ESMAX
0.00%
avg
7.10%
Payout Ratio▼+12.00% vs sectorBelow avg
ESMAX
50.00%
avg
38.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for ESMAX sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ ESMAX Insider Activity
No recent SEC filings reported in the last 90 days.
🔬
Financial Health Scores
Altman Z-Score
1197.40
✅ Safe Zone — low bankruptcy risk
Safe: >3.0 · Grey: 1.81–3.0 · Distress: <1.81
Piotroski F-Score
4/9
⚠️ 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 ESMAX 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 →