Today, July 24, 2023, Transcontinental TCL will distribute a dividend payout of $0.23 per share, highlighting an annualized dividend yield of 6.19%. Shareholders who owned the stock before the ex-dividend date on July 04, 2023 will be eligible for this payout.
Transcontinental Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-07-04 | 4 | $0.23 | 6.19% | 2023-06-07 | 2023-07-05 | 2023-07-24 |
| 2023-03-29 | 4 | $0.23 | 6.34% | 2023-03-09 | 2023-03-30 | 2023-04-17 |
| 2023-01-06 | 4 | $0.23 | 5.53% | 2022-12-13 | 2023-01-09 | 2023-01-23 |
| 2022-09-29 | 4 | $0.23 | 5.23% | 2022-09-08 | 2022-10-03 | 2022-10-24 |
| 2022-07-04 | 4 | $0.23 | 5.66% | 2022-06-08 | 2022-07-05 | 2022-07-25 |
| 2022-03-25 | 4 | $0.23 | 4.45% | 2022-03-08 | 2022-03-28 | 2022-04-11 |
| 2022-01-04 | 4 | $0.23 | 4.66% | 2021-12-09 | 2022-01-05 | 2022-01-18 |
| 2021-10-01 | 4 | $0.23 | 3.69% | 2021-09-08 | 2021-10-04 | 2021-10-19 |
| 2021-07-05 | 4 | $0.23 | 4.02% | 2021-06-09 | 2021-07-06 | 2021-07-20 |
| 2021-03-19 | 4 | $0.23 | 4.23% | 2021-02-26 | 2021-03-22 | 2021-04-06 |
| 2021-01-04 | 4 | $0.23 | 4.62% | 2020-12-10 | 2021-01-05 | 2021-01-19 |
| 2020-10-01 | 4 | $0.23 | 6.1% | 2020-09-09 | 2020-10-02 | 2020-10-19 |
Analyzing Transcontinental 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
Investors witnessed a steady dividend per share of $0.90 from 2020 to 2022, indicating the company's commitment to providing stability to shareholders through a reliable dividend payout. This consistent dividend policy offers a dependable income source for investors.
YoY Earnings Growth For Transcontinental
The earnings chart above reveals a decrease in Transcontinental's earnings per share, declining from $2.60 in 2020 to $2.19 in 2022. This could raise concerns for income-seeking investors, as it suggests a decline in the company's profitability. It is crucial to closely monitor the situation and assess the factors contributing to this decrease, as it may have implications for future cash dividend payouts.
Recap
In this article, we explore the recent dividend payout of Transcontinental and its significance for shareholders. The company has decided to distribute a dividend of $0.23 per share today, which equates to an annualized dividend yield of 6.19%.
Despite no adjustment in the dividend per share over the period of 2020 to 2022, the consistent decrease in earnings per share for Transcontinental highlights a deteriorating financial status, potentially impacting the company's ability to share profits with its 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 Transcontinental on Benzinga.](https://www.benzinga.com/quote/Transcontinental (TSX:TCL.A))
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
