20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Today, March 13, 2024, Corby Spirit and Wine (TSX:CSW) will distribute a dividend payout of $0.21 per share, highlighting an annualized dividend yield of 6.18%. Shareholders who owned the stock before the ex-dividend date on February 26, 2024 will be eligible for this payout.
Corby Spirit and Wine Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-02-26 | 4 | $0.21 | 6.18% | 2024-02-07 | 2024-02-27 | 2024-03-13 |
| 2023-11-22 | 4 | $0.21 | 6.29% | 2023-11-08 | 2023-11-24 | 2023-12-08 |
| 2023-09-14 | 4 | $0.21 | 5.69% | 2023-08-23 | 2023-09-15 | 2023-09-29 |
| 2023-05-22 | 4 | $0.21 | 5.49% | 2023-05-08 | 2023-05-23 | 2023-06-06 |
| 2023-02-22 | 4 | $0.21 | 5.16% | 2023-02-08 | 2023-02-23 | 2023-03-03 |
| 2022-11-24 | 4 | $0.22 | 5.2% | 2022-11-09 | 2022-11-25 | 2022-12-09 |
| 2022-09-15 | 4 | $0.24 | 5.41% | 2022-08-24 | 2022-09-16 | 2022-09-30 |
| 2022-05-26 | 4 | $0.24 | 5.17% | 2022-05-12 | 2022-05-27 | 2022-06-10 |
| 2022-02-23 | 4 | $0.24 | 5.54% | 2022-02-10 | 2022-02-24 | 2022-03-04 |
| 2021-11-24 | 4 | $0.24 | 5.37% | 2021-11-10 | 2021-11-26 | 2021-12-10 |
| 2021-09-14 | 4 | $0.21 | 4.45% | 2021-08-25 | 2021-09-15 | 2021-09-29 |
| 2021-05-26 | 4 | $0.21 | 4.63% | 2021-05-13 | 2021-05-27 | 2021-06-11 |
Analyzing Corby Spirit and Wine Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
The company experienced a decrease in dividend per share from 2020 to 2023, with the dividend per share decreasing from $0.84 to $0.84. This decline in dividends is concerning for investors and demands further analysis to determine the contributing factors.
YoY Earnings Growth For Corby Spirit and Wine
From 2020 to 2023, Corby Spirit and Wine experienced a decrease in earnings per share, dropping from $1.10 to $0.95. This declining earnings trend may be worrisome for income-seeking investors, as it indicates a potential impact on the company's ability to sustain or increase its cash dividend payouts. Further analysis is necessary to understand the underlying reasons for this decrease.
Recap
In this article, we explore the recent dividend payout of Corby Spirit and Wine and its significance for shareholders. The company has decided to distribute a dividend of $0.21 per share today, which equates to an annualized dividend yield of 6.18%.
With a decrease in dividend per share and earnings per share from 2020 to 2023, Corby Spirit and Wine might be experiencing financial strain, raising concerns about the sustainability of their dividend distribution to investors.
To stay well-informed about potential changes in financials or dividend disbursements, investors should closely observe the company's performance in the upcoming quarters.
[See current stock movements Corby Spirit and Wine on Benzinga.](https://www.benzinga.com/quote/Corby Spirit and Wine (TSX:CSW.A))
This article was generated by Benzinga's automated content engine and reviewed by an editor.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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