Toromont Industries (Toromont Industries) Dividend Payout Ratio : 0.23 (As of Dec. 2023)

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What is Toromont Industries Dividend Payout Ratio?

Toromont Industries's dividend payout ratio for the months ended in Dec. 2023 was 0.23.

The historical rank and industry rank for Toromont Industries's Dividend Payout Ratio or its related term are showing as below:

TMTNF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.27 Med: 0.34 Max: 0.4
Current: 0.27

During the past 13 years, the highest Dividend Payout Ratio of Toromont Industries was 0.40. The lowest was 0.27. And the median was 0.34.

TMTNF's Dividend Payout Ratio is ranked better than
62.64% of 91 companies
in the Industrial Distribution industry
Industry Median: 0.35 vs TMTNF: 0.27

As of today (2024-04-28), the Dividend Yield % of Toromont Industries is 1.39%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Toromont Industries was 2.39%. The lowest was 1.13%. And the median was 1.55%.

Toromont Industries's Dividends per Share for the months ended in Dec. 2023 was $0.32.

During the past 12 months, Toromont Industries's average Dividends Per Share Growth Rate was 10.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 11.50% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 13.20% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 12.90% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Toromont Industries was 32.80% per year. The lowest was -7.20% per year. And the median was 13.45% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Toromont Industries Dividend Payout Ratio Historical Data

The historical data trend for Toromont Industries's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Toromont Industries Dividend Payout Ratio Chart

Toromont Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.31

0.40

0.34

0.29

0.27

Toromont Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															0.20	0.37	0.27	0.24	0.23

Competitive Comparison of Toromont Industries's Dividend Payout Ratio

For the Industrial Distribution subindustry, Toromont Industries's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Toromont Industries's Dividend Payout Ratio Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Toromont Industries's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Toromont Industries's Dividend Payout Ratio falls into.

Toromont Industries Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Toromont Industries's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	1.282	/	4.756
	=	0.27

Toromont Industries's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.321	/	1.386
	=	0.23

Toromont Industries (OTCPK:TMTNF) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Toromont Industries Dividend Payout Ratio Related Terms

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Toromont Industries (Toromont Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Toromont Industries Ltd (OTCPK:TMTNF) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

14T:Germany TIH:Canada

Address

3131 Highway 7 West, P.O. Box 5511, Concord, ON, CAN, L4K 1B7

Website

https://www.toromont.com

Toromont Industries Ltd is a Canadian industrial company. The company operates two business segments: Equipment Group and CIMCO. The larger segment by revenue, Equipment Group includes a Caterpillar dealership and rental operation of construction equipment. CIMCO offers solutions for the design, engineering, fabrication, and installation of industrial and recreational refrigeration systems. The company operates majorly in Canada and derives a smaller portion of sales from the United States of America.