Thurgauer Kantonalbank Dividend
Dividend criteria checks 3/6
Thurgauer Kantonalbank is a dividend paying company with a current yield of 2.61% that is well covered by earnings. Next payment date is on 5th June, 2024 with an ex-dividend date of 3rd June, 2024.
Key information
2.6%
Dividend yield
42%
Payout ratio
| Industry average yield | 3.7% |
| Next dividend pay date | 05 Jun 24 |
| Ex dividend date | 03 Jun 24 |
| Dividend per share | n/a |
| Earnings per share | CHF7.95 |
| Dividend yield forecast in 3Y | 3.0% |
Recent dividend updates
Recent updates
Do Thurgauer Kantonalbank's (VTX:TKBP) Earnings Warrant Your Attention?
May 18
Should You Be Adding Thurgauer Kantonalbank (VTX:TKBP) To Your Watchlist Today?
Sep 12Could Thurgauer Kantonalbank (VTX:TKBP) Have The Makings Of Another Dividend Aristocrat?
May 07Investors Who Bought Thurgauer Kantonalbank (VTX:TKBP) Shares Five Years Ago Are Now Up 27%
Mar 15Is Thurgauer Kantonalbank (VTX:TKBP) A Smart Choice For Dividend Investors?
Jan 12
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, TKBP has been paying a dividend for less than 10 years.
Growing Dividend: TKBP's dividend payments have increased, but the company has only paid a dividend for 9 years.
Dividend Yield vs Market
| Thurgauer Kantonalbank Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (TKBP) | 2.6% |
| Market Bottom 25% (CH) | 1.9% |
| Market Top 25% (CH) | 4.1% |
| Industry Average (Banks) | 3.7% |
| Analyst forecast in 3 Years (TKBP) | 3.0% |
Notable Dividend: TKBP's dividend (2.61%) is higher than the bottom 25% of dividend payers in the Swiss market (1.95%).
High Dividend: TKBP's dividend (2.61%) is low compared to the top 25% of dividend payers in the Swiss market (4.09%).
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (41.5%), TKBP's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TKBP's dividends in 3 years are forecast to be well covered by earnings (42.6% payout ratio).