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Toromont Industries (TIH) Dividend Yield, Date & History

Toromont Industries logo
C$115.27 +0.69 (+0.60%)
(As of 12/24/2024 01:21 PM ET)

Toromont Industries Dividend Summary

Dividend Yield
1.67%
Annual Dividend
C$1.92
Next
Dividend Payment
Jan. 6
Dividend Payout Ratio
30.62%

Toromont Industries (TIH) pays an annual dividend of C$1.92 per share, with a dividend yield of 1.67%. The next payment of C$0.48 per share is scheduled for Monday, January 6, to investors who owned the stock before the ex-dividend date of Friday, December 6. The company currently pays out 30.62% of its earnings and 17.75% of its cash flow as dividends.

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TIH Dividend Payments by Quarter

The chart below displays up to four years of Toromont Industries' dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

TIH Dividend Yield Over Time

The chart below tracks Toromont Industries' dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Toromont Industries vs. The Competition

Compare Toromont Industries' annual dividend, yield, and 3-year growth rate with averages for Industrials and TSE companies to evaluate its performance against the market.

TypeToromont IndustriesIndustrials CompaniesTSE Companies
Annual DividendC$1.92C$0.17C$1.07
Dividend Yield1.67%3.95%5.39%

Toromont Industries Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings30.62%
Based on This Year's Estimate29.14%
Based on Cashflow17.75%

Toromont Industries Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
12/6/2024Quarterly$0.48 - 1.61%12/6/20241/6/20251/6/2025
9/6/2024Quarterly$0.48 - 1.5%9/6/202410/2/202410/2/2024
6/7/2024Quarterly$0.48 - 1.57%6/7/20247/5/20247/5/2024
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3/7/2024Quarterly$0.48+$0.05
11.63%
1.55%3/7/20244/4/20244/4/2024
12/7/2023Quarterly$0.43 - 1.65%12/7/20231/4/20241/4/2024
9/7/2023Quarterly$0.43 - 1.6%9/7/202310/4/202310/4/2023
6/8/2023Quarterly$0.43 - 1.57%6/8/20237/5/20237/5/2023
3/8/2023Quarterly$0.43+$0.04
10.26%
1.51%3/8/20234/4/20234/4/2023

This table shows Toromont Industries' dividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Toromont Industries Dividend - Frequently Asked Questions

The current dividend yield for Toromont Industries is 1.67%. Learn more on TIH's dividend yield history.

The annual dividend for TIH shares is C$1.92. Learn more on TIH's annual dividend history.

Toromont Industries pays quarterly dividends to shareholders.

Toromont Industries's next quarterly dividend payment of C$0.48 per share will be made to shareholders on Monday, January 6, 2025.

Toromont Industries's most recent quarterly dividend payment of C$0.48 per share was made to shareholders on Wednesday, October 2, 2024.

Toromont Industries's most recent ex-dividend date was Friday, December 6, 2024.

The most recent change in the company's dividend was an increase of C$0.05 on Thursday, March 7, 2024.

The dividend payout ratio for TIH is:
  • 30.62% based on the trailing year of earnings
  • 29.14% based on this year's estimates
  • 17.75% based on cash flow

Toromont Industries' dividend yield of 1.48% is lower than the average Industrials company that issues a dividend. Toromont Industries' dividend payout ratio of 30.62% is at a healthy, sustainable level, below 75% of its earnings.

Looking at the stock as a whole, market analysts rate Toromont Industries stock as a Moderate Buy, forecasting growth opportunities and potential value appreciation.


This page (TSE:TIH) was last updated on 12/25/2024 by MarketBeat.com Staff
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