Trane Technologies Dividends and Buybacks
Dividend criteria checks 4/6
Trane Technologies is a dividend paying company with a current yield of 0.89% that is well covered by earnings. Next payment date is on 31st December, 2024 with an ex-dividend date of 6th December, 2024.
Key information
0.9%
Dividend yield
1.3%
Buyback Yield
| Total Shareholder Yield | 2.2% |
| Future Dividend Yield | 1.0% |
| Dividend Growth | -4.3% |
| Next dividend pay date | 31 Dec 24 |
| Ex dividend date | 06 Dec 24 |
| Dividend per share | US$3.360 |
| Payout ratio | 30% |
Recent dividend and buyback updates
Recent updates
Trane Technologies Q3: Strong North America And Weak China
Oct 31Trane Technologies: Good Growth Prospects, But High Valuation Limits Upside (Rating Downgrade)
Jul 29Trane Technologies: It's Not Going To Get Cooler
Jun 12Trane Technologies: This Steaming Valuation Needs To Cool Down Before I Buy
May 31Trane Technologies: Strong Commercial HVAC Growth In FY24
Mar 20Don't Be Afraid To Hop Aboard The Trane
Feb 08Trane Technologies: Good Growth Prospects And A Reasonable Valuation
Nov 29Trane Technologies: Powering A Sustainable And Lucrative Future
Sep 21Trane Technologies: A Good Buy At Current Levels
Sep 08Trane Technologies: Riding Energy Efficiency And Decarbonization
Jun 27Trane Technologies: Buy For Good Total Return, But A Bit Pricey At Present
Feb 16Trane Technologies lifts dividend by 12% to $0.75/share
Feb 09Trane Technologies Q4 2022 Earnings Preview
Feb 01Trane Technologies Offers A Multipart Puzzle Between Industry Drivers, Macro Risk, And Valuation
Nov 09Trane Technologies Q3 2022 Earnings Preview
Nov 01Trane Technologies declares $0.67 dividend
Oct 12Stability and Growth of Payments
Fetching dividends data
Stable Dividend: TT's dividends per share have been stable in the past 10 years.
Growing Dividend: TT's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Trane Technologies Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (TT) | 0.9% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.5% |
| Industry Average (Building) | 1.2% |
| Analyst forecast (TT) (up to 3 years) | 1.0% |
Notable Dividend: TT's dividend (0.89%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: TT's dividend (0.89%) is low compared to the top 25% of dividend payers in the US market (4.5%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (29.7%), TT's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (26.5%), TT's dividend payments are well covered by cash flows.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 04:20 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Trane Technologies plc is covered by 44 analysts. 24 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Eade | Argus Research Company |
| Timothy Wojs | Baird |
| Julian Mitchell | Barclays |