Toromont Industries Dividend
What is Toromont Industries's current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Toromont Industries Dividend Yield vs Market|
|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.