Tree Island Steel Dividend
Dividend criteria checks 4/6
Tree Island Steel is a dividend paying company with a current yield of 6.59% that is well covered by earnings. Next payment date is on 15th April, 2024 with an ex-dividend date of 27th March, 2024.
Key information
6.6%
Dividend yield
44%
Payout ratio
Industry average yield | 2.1% |
Next dividend pay date | 15 Apr 24 |
Ex dividend date | 27 Mar 24 |
Dividend per share | n/a |
Earnings per share | CA$0.28 |
Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Recent updates
Tree Island Steel's (TSE:TSL) Soft Earnings Don't Show The Whole Picture
Mar 22Calculating The Intrinsic Value Of Tree Island Steel Ltd. (TSE:TSL)
Jul 31Tree Island Steel (TSE:TSL) Is Paying Out A Dividend Of CA$0.05
Jun 20Investors Should Be Encouraged By Tree Island Steel's (TSE:TSL) Returns On Capital
May 10If You Like EPS Growth Then Check Out Tree Island Steel (TSE:TSL) Before It's Too Late
Mar 04We Think That There Are Issues Underlying Tree Island Steel's (TSE:TSL) Earnings
Nov 17We Think Tree Island Steel (TSE:TSL) Can Stay On Top Of Its Debt
Sep 13Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, TSL has been paying a dividend for less than 10 years.
Growing Dividend: TSL's dividend payments have increased, but the company has only paid a dividend for 9 years.
Dividend Yield vs Market
Tree Island Steel Dividend Yield vs Market |
---|
Segment | Dividend Yield |
---|---|
Company (TSL) | 6.6% |
Market Bottom 25% (CA) | 2.0% |
Market Top 25% (CA) | 6.3% |
Industry Average (Metals and Mining) | 2.1% |
Analyst forecast in 3 Years (TSL) | n/a |
Notable Dividend: TSL's dividend (6.59%) is higher than the bottom 25% of dividend payers in the Canadian market (1.98%).
High Dividend: TSL's dividend (6.59%) is in the top 25% of dividend payers in the Canadian market (6.36%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (44.2%), TSL's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (32.8%), TSL's dividend payments are well covered by cash flows.