Toromont Industries Dividends and Buybacks
Dividend criteria checks 3/6
Toromont Industries is a dividend paying company with a current yield of 1.68% that is well covered by earnings. Next payment date is on 6th January, 2025 with an ex-dividend date of 6th December, 2024.
Key information
1.7%
Dividend yield
0.8%
Buyback Yield
| Total Shareholder Yield | 2.4% |
| Future Dividend Yield | 1.7% |
| Dividend Growth | -3.9% |
| Next dividend pay date | 06 Jan 25 |
| Ex dividend date | 06 Dec 24 |
| Dividend per share | CA$1.920 |
| Payout ratio | 30% |
Recent dividend and buyback updates
Recent updates
Returns On Capital At Toromont Industries (TSE:TIH) Have Stalled
Nov 22
Estimating The Fair Value Of Toromont Industries Ltd. (TSE:TIH)
Oct 31Toromont Industries Ltd.'s (TSE:TIH) Price Is Out Of Tune With Earnings
Oct 01Toromont Industries (TSE:TIH) Hasn't Managed To Accelerate Its Returns
Aug 19Estimating The Fair Value Of Toromont Industries Ltd. (TSE:TIH)
Jul 29Is Now The Time To Put Toromont Industries (TSE:TIH) On Your Watchlist?
Jul 16Toromont Industries Ltd. (TSE:TIH) Investors Are Less Pessimistic Than Expected
Jul 02Toromont Industries Ltd. Just Missed EPS By 11%: Here's What Analysts Think Will Happen Next
May 05Shareholders Are Optimistic That Toromont Industries (TSE:TIH) Will Multiply In Value
Apr 30Are Toromont Industries Ltd. (TSE:TIH) Investors Paying Above The Intrinsic Value?
Apr 14What Toromont Industries Ltd.'s (TSE:TIH) P/E Is Not Telling You
Mar 31These 4 Measures Indicate That Toromont Industries (TSE:TIH) Is Using Debt Reasonably Well
Mar 01Toromont Industries (TSE:TIH) Is Increasing Its Dividend To CA$0.48
Feb 17Earnings Update: Here's Why Analysts Just Lifted Their Toromont Industries Ltd. (TSE:TIH) Price Target To CA$135
Feb 16Toromont Industries (TSE:TIH) Could Become A Multi-Bagger
Jan 08Getting In Cheap On Toromont Industries Ltd. (TSE:TIH) Is Unlikely
Dec 27Stability and Growth of Payments
Fetching dividends data
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.
Dividend Yield vs Market
| Toromont Industries Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (TIH) | 1.7% |
| Market Bottom 25% (CA) | 1.8% |
| Market Top 25% (CA) | 6.4% |
| Industry Average (Trade Distributors) | 2.5% |
| Analyst forecast (TIH) (up to 3 years) | 1.7% |
Notable Dividend: TIH's dividend (1.68%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.81%).
High Dividend: TIH's dividend (1.68%) is low compared to the top 25% of dividend payers in the Canadian market (6.45%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (30.5%), TIH's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (98.8%), TIH's dividend payments are not well covered by cash flows.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 11:01 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Toromont Industries Ltd. is covered by 18 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Heasman | Accountability Research Corporation |
| Devin Dodge | BMO Capital Markets Equity Research |
| null null | BMO Capital Markets Equity Research |