Trinidad Cement Limited
TTSE:TCL Stock Report
Trinidad Cement Dividends and Buybacks
Dividend criteria checks 2/6
Trinidad Cement is a dividend paying company with a current yield of 3.07% that is well covered by earnings.
Key information
| Total Shareholder Yield | n/a |
| Future Dividend Yield | n/a |
| Dividend Growth | 67.5% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | TT$0.080 |
| Payout ratio | 19% |
Recent dividend and buyback updates
Stability and Growth of Payments
Stable Dividend: TCL has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: TCL's dividend payments have increased, but the company has only paid a dividend for 9 years.
Dividend Yield vs Market
| Trinidad Cement Dividend Yield vs Market |
|---|
How does TCL dividend yield compare to the market?| Segment | Dividend Yield |
|---|
| Company (TCL) | 3.1% |
| Market Bottom 25% (TT) | 3.1% |
| Market Top 25% (TT) | 5.6% |
| Industry Average (Basic Materials) | 2.5% |
| Analyst forecast (TCL) (up to 3 years) | n/a |
Notable Dividend: TCL's dividend (3.07%) isn’t notable compared to the bottom 25% of dividend payers in the TT market (3.14%).
High Dividend: TCL's dividend (3.07%) is low compared to the top 25% of dividend payers in the TT market (5.63%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (18.6%), TCL's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (8.5%), TCL's dividend payments are thoroughly covered by cash flows.
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