Stingray Group Dividend

Dividend criteria checks 3/6

Stingray Group is a dividend paying company with a current yield of 3.91% that is well covered by earnings. Next payment date is on 14th June, 2024 with an ex-dividend date of 31st May, 2024.

Key information

3.9%

Dividend yield

56%

Payout ratio

Industry average yield2.9%
Next dividend pay date14 Jun 24
Ex dividend date31 May 24
Dividend per sharen/a
Earnings per shareCA$0.54
Dividend yield forecast in 3Y3.9%

Recent dividend updates

Stingray Group (TSE:RAY.A) Has Affirmed Its Dividend Of CA$0.075

Mar 23
Stingray Group (TSE:RAY.A) Has Affirmed Its Dividend Of CA$0.075

Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075

Feb 16
Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075

Stingray Group (TSE:RAY.A) Is Paying Out A Dividend Of CA$0.075

Nov 17
Stingray Group (TSE:RAY.A) Is Paying Out A Dividend Of CA$0.075

Recent updates

Stingray Group (TSE:RAY.A) Has Affirmed Its Dividend Of CA$0.075

Mar 23
Stingray Group (TSE:RAY.A) Has Affirmed Its Dividend Of CA$0.075

Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075

Feb 16
Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075

Does Stingray Group (TSE:RAY.A) Deserve A Spot On Your Watchlist?

Jan 24
Does Stingray Group (TSE:RAY.A) Deserve A Spot On Your Watchlist?

Stingray Group (TSE:RAY.A) Is Paying Out A Dividend Of CA$0.075

Nov 17
Stingray Group (TSE:RAY.A) Is Paying Out A Dividend Of CA$0.075

Is Stingray Group (TSE:RAY.A) Using Too Much Debt?

Nov 07
Is Stingray Group (TSE:RAY.A) Using Too Much Debt?

Stingray Group (TSE:RAY.A) Has Affirmed Its Dividend Of CA$0.075

Aug 27
Stingray Group (TSE:RAY.A) Has Affirmed Its Dividend Of CA$0.075

Stingray Group (TSE:RAY.A) Will Pay A Dividend Of CA$0.075

Aug 13
Stingray Group (TSE:RAY.A) Will Pay A Dividend Of CA$0.075

Stingray Group (TSE:RAY.A) Is Paying Out A Dividend Of CA$0.075

May 07
Stingray Group (TSE:RAY.A) Is Paying Out A Dividend Of CA$0.075

Stingray Group (TSE:RAY.A) Has Affirmed Its Dividend Of CA$0.075

Mar 28
Stingray Group (TSE:RAY.A) Has Affirmed Its Dividend Of CA$0.075

Stingray Group (TSE:RAY.A) Is Paying Out A Dividend Of CA$0.075

Feb 12
Stingray Group (TSE:RAY.A) Is Paying Out A Dividend Of CA$0.075

Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075

Nov 26
Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075

Stingray Group (TSE:RAY.A) Is Due To Pay A Dividend Of CA$0.075

Aug 24
Stingray Group (TSE:RAY.A) Is Due To Pay A Dividend Of CA$0.075

Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075

Aug 07
Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075

Stingray Group (TSE:RAY.A) Has Affirmed Its Dividend Of CA$0.075

May 12
Stingray Group (TSE:RAY.A) Has Affirmed Its Dividend Of CA$0.075

Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075

Apr 19
Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075

Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075

Apr 05
Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075

Stingray Group (TSE:RAY.A) Has Re-Affirmed Its Dividend Of CA$0.075

Nov 16
Stingray Group (TSE:RAY.A) Has Re-Affirmed Its Dividend Of CA$0.075

Should You Think About Buying Stingray Group Inc. (TSE:RAY.A) Now?

Nov 14
Should You Think About Buying Stingray Group Inc. (TSE:RAY.A) Now?

Stingray Group (TSE:RAY.A) Has Affirmed Its Dividend Of CA$0.075

Aug 22
Stingray Group (TSE:RAY.A) Has Affirmed Its Dividend Of CA$0.075

Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075

Aug 08
Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075

Stingray Group (TSE:RAY.A) Has A Somewhat Strained Balance Sheet

Jun 07
Stingray Group (TSE:RAY.A) Has A Somewhat Strained Balance Sheet

Is Stingray Group Inc. (TSE:RAY.A) The Right Choice For A Smart Dividend Investor?

Apr 14
Is Stingray Group Inc. (TSE:RAY.A) The Right Choice For A Smart Dividend Investor?

Upcoming Dividend Payment

TodayApr 16 2024Ex Dividend DateMay 31 2024Dividend Pay DateJun 14 202414 days from Ex DividendBuy in the next 45 days to receive the upcoming dividend

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: Whilst dividend payments have been stable, RAY.A has been paying a dividend for less than 10 years.

Growing Dividend: RAY.A's dividend payments have increased, but the company has only paid a dividend for 9 years.


Dividend Yield vs Market

Stingray Group Dividend Yield vs Market
How does RAY.A dividend yield compare to the market?
SegmentDividend Yield
Company (RAY.A)3.9%
Market Bottom 25% (CA)1.9%
Market Top 25% (CA)6.5%
Industry Average (Media)2.9%
Analyst forecast in 3 Years (RAY.A)3.9%

Notable Dividend: RAY.A's dividend (3.91%) is higher than the bottom 25% of dividend payers in the Canadian market (1.91%).

High Dividend: RAY.A's dividend (3.91%) is low compared to the top 25% of dividend payers in the Canadian market (6.41%).


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (56.1%), RAY.A's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (23.7%), RAY.A's dividend payments are well covered by cash flows.


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