Transcontinental Dividend
Dividend criteria checks 5/6
Transcontinental is a dividend paying company with a current yield of 5.15% that is well covered by earnings.
Key information
5.2%
Dividend yield
68%
Payout ratio
Industry average yield | 1.8% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | CA$0.900 |
Earnings per share | CA$1.36 |
Dividend yield forecast | 5.7% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: TCL.B's dividends per share have been stable in the past 10 years.
Growing Dividend: TCL.B's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
Transcontinental Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (TCL.B) | 5.2% |
Market Bottom 25% (CA) | 1.7% |
Market Top 25% (CA) | 5.9% |
Industry Average (Packaging) | 1.8% |
Analyst forecast (TCL.B) (up to 3 years) | 5.7% |
Notable Dividend: TCL.B's dividend (5.15%) is higher than the bottom 25% of dividend payers in the Canadian market (1.73%).
High Dividend: TCL.B's dividend (5.15%) is low compared to the top 25% of dividend payers in the Canadian market (5.89%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (67.7%), TCL.B's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (21.9%), TCL.B's dividend payments are well covered by cash flows.