Toromont Industries Dividends and Buybacks
Dividend criteria checks 4/6
Toromont Industries is a dividend paying company with a current yield of 1.64% that is well covered by earnings. Next payment date is on 6th January, 2025 with an ex-dividend date of 6th December, 2024.
Key information
1.6%
Dividend yield
0.7%
Buyback Yield
| Total Shareholder Yield | 2.4% |
| Future Dividend Yield | 1.6% |
| Dividend Growth | -3.9% |
| Next dividend pay date | 06 Jan 25 |
| Ex dividend date | 06 Dec 24 |
| Dividend per share | US$1.383 |
| Payout ratio | 30% |
Recent dividend and buyback updates
Recent updates
Upcoming Dividend Payment
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) | 1.6% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.2% |
| Industry Average (Trade Distributors) | 1.3% |
| Analyst forecast (TMTN.F) (up to 3 years) | 1.6% |
Notable Dividend: TMTN.F's dividend (1.64%) is higher than the bottom 25% of dividend payers in the US market (1.37%).
High Dividend: TMTN.F's dividend (1.64%) is low compared to the top 25% of dividend payers in the US market (4.21%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (30.5%), TMTN.F's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (98.8%), TMTN.F's dividend payments are not well covered by cash flows.