At the end of October 23, 2023, Transcontinental TCL will reward its shareholders with a dividend payout of $0.23 per share, demonstrating an annualized dividend yield of 6.86%. Remember, only investors who held the stock before the ex-dividend date on October 02, 2023 will receive this payout.
Transcontinental Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-10-02 | 4 | $0.23 | 6.86% | 2023-09-06 | 2023-10-03 | 2023-10-23 |
| 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 |
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
As you can see, from 2020 to 2022, investors observed a stable dividend per share of $0.90 throughout this period. This indicates a consistent dividend policy maintained by the company, providing stability to shareholders. Investors can rely on the company's consistent dividend payout to generate a steady income stream.
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 6.86%.
The unaltered dividend per share during 2020 to 2022 does not overshadow the decreasing earnings per share for Transcontinental. This downward trend raises concerns about the company's financial stability and its ability to sustain the distribution of profits to shareholders.
To stay informed about changes in financials or dividend disbursements, investors should pay close attention to the company's performance in the upcoming quarters.
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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.
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