Toromont Industries Dividend
Dividend criteria checks 4/6
Toromont Industries is a dividend paying company with a current yield of 1.48% that is well covered by earnings.
Key information
1.5%
Dividend yield
27%
Payout ratio
Industry average yield | 1.6% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | US$6.44 |
Dividend yield forecast in 3Y | 1.5% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: TMTN.F's dividends per share have been stable in the past 10 years.
Growing Dividend: TMTN.F's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
Toromont Industries Dividend Yield vs Market |
---|
Segment | Dividend Yield |
---|---|
Company (TMTN.F) | 1.5% |
Market Bottom 25% (US) | 1.5% |
Market Top 25% (US) | 4.8% |
Industry Average (Trade Distributors) | 1.6% |
Analyst forecast in 3 Years (TMTN.F) | 1.5% |
Notable Dividend: TMTN.F's dividend (1.48%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.55%).
High Dividend: TMTN.F's dividend (1.48%) is low compared to the top 25% of dividend payers in the US market (4.78%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (26.8%), TMTN.F's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (65.4%), TMTN.F's dividend payments are covered by cash flows.