Toromont Industries Dividend
Dividend criteria checks 4/6
Toromont Industries is a dividend paying company with a current yield of 1.59% that is well covered by earnings. Next payment date is on 2nd October, 2024 with an ex-dividend date of 6th September, 2024.
Key information
1.6%
Dividend yield
29%
Payout ratio
Industry average yield | 2.5% |
Next dividend pay date | 02 Oct 24 |
Ex dividend date | 06 Sep 24 |
Dividend per share | CA$1.920 |
Earnings per share | CA$6.33 |
Dividend yield forecast in 3Y | 1.6% |
Recent dividend updates
Recent updates
Toromont 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 27Toromont Industries Ltd. (TSE:TIH) Shares Could Be 23% Above Their Intrinsic Value Estimate
Nov 29Toromont Industries (TSE:TIH) Seems To Use Debt Quite Sensibly
Nov 13Toromont Industries (TSE:TIH) Is Investing Its Capital With Increasing Efficiency
Sep 27Does Toromont Industries (TSE:TIH) Deserve A Spot On Your Watchlist?
Sep 08Is Toromont Industries Ltd. (TSE:TIH) Worth CA$110 Based On Its Intrinsic Value?
Aug 19Toromont Industries (TSE:TIH) Seems To Use Debt Quite Sensibly
Aug 04Toromont Industries (TSE:TIH) Is Achieving High Returns On Its Capital
Jun 29Do Toromont Industries' (TSE:TIH) Earnings Warrant Your Attention?
Jun 10Toromont Industries (TSE:TIH) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
May 04Does Toromont Industries (TSE:TIH) Have A Healthy Balance Sheet?
Apr 18Returns on Capital Paint A Bright Future For Toromont Industries (TSE:TIH)
Mar 22Toromont Industries (TSE:TIH) Is Increasing Its Dividend To CA$0.43
Feb 19We Ran A Stock Scan For Earnings Growth And Toromont Industries (TSE:TIH) Passed With Ease
Jan 21Toromont Industries (TSE:TIH) Seems To Use Debt Rather Sparingly
Jan 09A Look At The Intrinsic Value Of Toromont Industries Ltd. (TSE:TIH)
Dec 15Slowing Rates Of Return At Toromont Industries (TSE:TIH) Leave Little Room For Excitement
Dec 02Does Toromont Industries (TSE:TIH) Deserve A Spot On Your Watchlist?
Oct 18These 4 Measures Indicate That Toromont Industries (TSE:TIH) Is Using Debt Safely
Oct 04Is Toromont Industries Ltd. (TSE:TIH) Trading At A 22% Discount?
Sep 05Do Toromont Industries' (TSE:TIH) Earnings Warrant Your Attention?
Jul 14Does Toromont Industries (TSE:TIH) Have A Healthy Balance Sheet?
Jun 30Upcoming Dividend Payment
Stability 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) | 1.6% |
Market Bottom 25% (CA) | 1.7% |
Market Top 25% (CA) | 6.0% |
Industry Average (Trade Distributors) | 2.5% |
Analyst forecast in 3 Years (TIH) | 1.6% |
Notable Dividend: TIH's dividend (1.59%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.72%).
High Dividend: TIH's dividend (1.59%) is low compared to the top 25% of dividend payers in the Canadian market (6.04%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (28.8%), TIH's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (55.8%), TIH's dividend payments are covered by cash flows.