Stingray Group Dividend
Dividend criteria checks 3/6
Stingray Group is a dividend paying company with a current yield of 3.9% 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 yield | 2.9% |
| Next dividend pay date | 14 Jun 24 |
| Ex dividend date | 31 May 24 |
| Dividend per share | n/a |
| Earnings per share | CA$0.54 |
| Dividend yield forecast in 3Y | 3.9% |
Recent dividend updates
Stingray Group's (TSE:RAY.A) Dividend Will Be CA$0.075
Apr 25
Stingray Group (TSE:RAY.A) Has Affirmed Its Dividend Of CA$0.075
Mar 23Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075
Feb 16Recent updates
Stingray Group's (TSE:RAY.A) Dividend Will Be CA$0.075
Apr 25Stingray Group (TSE:RAY.A) Has Affirmed Its Dividend Of CA$0.075
Mar 23Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075
Feb 16Does Stingray Group (TSE:RAY.A) Deserve A Spot On Your Watchlist?
Jan 24Stingray Group (TSE:RAY.A) Is Paying Out A Dividend Of CA$0.075
Nov 17Is Stingray Group (TSE:RAY.A) Using Too Much Debt?
Nov 07Stingray Group (TSE:RAY.A) Has Affirmed Its Dividend Of CA$0.075
Aug 27Stingray Group (TSE:RAY.A) Will Pay A Dividend Of CA$0.075
Aug 13Stingray Group (TSE:RAY.A) Is Paying Out A Dividend Of CA$0.075
May 07Stingray Group (TSE:RAY.A) Has Affirmed Its Dividend Of CA$0.075
Mar 28Stingray Group (TSE:RAY.A) Is Paying Out A Dividend Of CA$0.075
Feb 12Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075
Nov 26Stingray Group (TSE:RAY.A) Is Due To Pay A Dividend Of CA$0.075
Aug 24Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075
Aug 07Stingray Group (TSE:RAY.A) Has Affirmed Its Dividend Of CA$0.075
May 12Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075
Apr 19Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075
Apr 05Stingray Group (TSE:RAY.A) Has Re-Affirmed Its Dividend Of CA$0.075
Nov 16Should You Think About Buying Stingray Group Inc. (TSE:RAY.A) Now?
Nov 14Stingray Group (TSE:RAY.A) Has Affirmed Its Dividend Of CA$0.075
Aug 22Stingray Group (TSE:RAY.A) Has Announced A Dividend Of CA$0.075
Aug 08Stingray Group (TSE:RAY.A) Has A Somewhat Strained Balance Sheet
Jun 07Upcoming Dividend Payment
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 |
|---|
| Segment | Dividend 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 (3.9%) is higher than the bottom 25% of dividend payers in the Canadian market (1.89%).
High Dividend: RAY.A's dividend (3.9%) is low compared to the top 25% of dividend payers in the Canadian market (6.46%).
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.