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 yield2.1%
Next dividend pay date15 Apr 24
Ex dividend date27 Mar 24
Dividend per sharen/a
Earnings per shareCA$0.28
Dividend yield forecast in 3Yn/a

Recent dividend updates

Recent updates

Tree Island Steel's (TSE:TSL) Soft Earnings Don't Show The Whole Picture

Mar 22
Tree Island Steel's (TSE:TSL) Soft Earnings Don't Show The Whole Picture

Calculating The Intrinsic Value Of Tree Island Steel Ltd. (TSE:TSL)

Jul 31
Calculating The Intrinsic Value Of Tree Island Steel Ltd. (TSE:TSL)

Tree Island Steel (TSE:TSL) Is Paying Out A Dividend Of CA$0.05

Jun 20
Tree Island Steel (TSE:TSL) Is Paying Out A Dividend Of CA$0.05

Investors Should Be Encouraged By Tree Island Steel's (TSE:TSL) Returns On Capital

May 10
Investors Should Be Encouraged By Tree Island Steel's (TSE:TSL) Returns On Capital

If You Like EPS Growth Then Check Out Tree Island Steel (TSE:TSL) Before It's Too Late

Mar 04
If You Like EPS Growth Then Check Out Tree Island Steel (TSE:TSL) Before It's Too Late

We Think That There Are Issues Underlying Tree Island Steel's (TSE:TSL) Earnings

Nov 17
We Think That There Are Issues Underlying Tree Island Steel's (TSE:TSL) Earnings

We Think Tree Island Steel (TSE:TSL) Can Stay On Top Of Its Debt

Sep 13
We Think Tree Island Steel (TSE:TSL) Can Stay On Top Of Its Debt

Stability 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
How does TSL dividend yield compare to the market?
SegmentDividend 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.


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