Toromont Industries Dividend

What is Toromont Industries's current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.59%

Current Dividend Yield

Dividend Yield vs Market

Toromont Industries Dividend Yield vs Market
How does TIH dividend yield compare to the market?
SegmentDividend Yield
Company (TIH)1.6%
Market Bottom 25% (CA)2.1%
Market Top 25% (CA)6.1%
Industry Average (Trade Distributors)2.9%
Analyst forecast in 3 Years (TIH)1.6%

Notable Dividend: TIH's dividend (1.63%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (2.07%).

High Dividend: TIH's dividend (1.63%) is low compared to the top 25% of dividend payers in the Canadian market (6.12%).


Stability and Growth of Payments

Stable Dividend: TIH's dividends per share have been stable in the past 10 years.

Growing Dividend: TIH's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (33%), TIH's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (40.9%), TIH's dividend payments are well covered by cash flows.


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