Transcontinental Dividend
Dividend criteria checks 5/6
Transcontinental is a dividend paying company with a current yield of 6.02% that is well covered by earnings. Next payment date is on 22nd July, 2024 with an ex-dividend date of 27th June, 2024.
Key information
6.0%
Dividend yield
84%
Payout ratio
| Industry average yield | 2.0% |
| Next dividend pay date | 22 Jul 24 |
| Ex dividend date | 27 Jun 24 |
| Dividend per share | n/a |
| Earnings per share | CA$1.07 |
| Dividend yield forecast in 3Y | 6.4% |
Recent dividend updates
Recent updates
Some Shareholders Feeling Restless Over Transcontinental Inc.'s (TSE:TCL.A) P/E Ratio
Jun 07
At CA$11.10, Is Transcontinental Inc. (TSE:TCL.A) Worth Looking At Closely?
Nov 18Transcontinental (TSE:TCL.A) Has Affirmed Its Dividend Of CA$0.225
Sep 12Transcontinental (TSE:TCL.A) Has A Somewhat Strained Balance Sheet
Sep 08Transcontinental (TSE:TCL.A) Is Due To Pay A Dividend Of CA$0.225
Jul 03Transcontinental's (TSE:TCL.A) Dividend Will Be CA$0.225
Jun 13Transcontinental (TSE:TCL.A) Will Pay A Dividend Of CA$0.225
Mar 12Is Transcontinental (TSE:TCL.A) A Risky Investment?
Mar 09Transcontinental (TSE:TCL.A) Has Announced A Dividend Of CA$0.225
Dec 17Transcontinental (TSE:TCL.A) Is Due To Pay A Dividend Of CA$0.225
Sep 19These 4 Measures Indicate That Transcontinental (TSE:TCL.A) Is Using Debt Extensively
Aug 13Transcontinental (TSE:TCL.A) Has Affirmed Its Dividend Of CA$0.23
Jun 11Is Transcontinental (TSE:TCL.A) A Risky Investment?
Apr 22At CA$20.83, Is Transcontinental Inc. (TSE:TCL.A) Worth Looking At Closely?
Jan 20Transcontinental (TSE:TCL.A) Will Pay A Dividend Of CA$0.23
Dec 27Transcontinental (TSE:TCL.A) Will Pay A Dividend Of CA$0.23
Dec 13Does Transcontinental (TSE:TCL.A) Have A Healthy Balance Sheet?
Dec 10Transcontinental (TSE:TCL.A) Is Due To Pay A Dividend Of CA$0.23
Sep 29Transcontinental (TSE:TCL.A) Has Affirmed Its Dividend Of CA$0.23
Sep 15Here's Why Transcontinental (TSE:TCL.A) Can Manage Its Debt Responsibly
Sep 10Transcontinental (TSE:TCL.A) Has Announced A Dividend Of CA$0.23
Jun 12Transcontinental Inc. Just Beat EPS By 33%: Here's What Analysts Think Will Happen Next
Jun 11Is There Now An Opportunity In Transcontinental Inc. (TSE:TCL.A)?
Jun 01Transcontinental (TSE:TCL.A) Has A Pretty Healthy Balance Sheet
Apr 13Read This Before Considering Transcontinental Inc. (TSE:TCL.A) For Its Upcoming CA$0.23 Dividend
Mar 14Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: TCL.A's dividends per share have been stable in the past 10 years.
Growing Dividend: TCL.A's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Transcontinental Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (TCL.A) | 6.0% |
| Market Bottom 25% (CA) | 1.9% |
| Market Top 25% (CA) | 6.4% |
| Industry Average (Packaging) | 2.0% |
| Analyst forecast in 3 Years (TCL.A) | 6.4% |
Notable Dividend: TCL.A's dividend (6.02%) is higher than the bottom 25% of dividend payers in the Canadian market (1.85%).
High Dividend: TCL.A's dividend (6.02%) is low compared to the top 25% of dividend payers in the Canadian market (6.38%).
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (84.4%), TCL.A's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (22.5%), TCL.A's dividend payments are well covered by cash flows.