Top 10 Split Trust (TSX:TXT.UN) Dividend Payout Ratio : 0.09 (As of Dec. 2023)

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What is Top 10 Split Trust Dividend Payout Ratio?

Top 10 Split Trust's dividend payout ratio for the months ended in Dec. 2023 was 0.09.

The historical rank and industry rank for Top 10 Split Trust's Dividend Payout Ratio or its related term are showing as below:

TSX:TXT.UN' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.07 Med: 0.12 Max: 0.5
Current: 0.14

During the past 9 years, the highest Dividend Payout Ratio of Top 10 Split Trust was 0.50. The lowest was 0.07. And the median was 0.12.

TSX:TXT.UN's Dividend Payout Ratio is ranked better than
92.75% of 952 companies
in the Asset Management industry
Industry Median: 0.8 vs TSX:TXT.UN: 0.14

As of today (2024-05-15), the Dividend Yield % of Top 10 Split Trust is 4.08%.

During the past 9 years, the highest Trailing Annual Dividend Yield of Top 10 Split Trust was 19.48%. The lowest was 2.06%. And the median was 8.39%.

Top 10 Split Trust's Dividends per Share for the months ended in Dec. 2023 was C$0.05.

During the past 12 months, Top 10 Split Trust's average Dividends Per Share Growth Rate was -43.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 14.50% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -7.70% per year.

During the past 9 years, the highest 3-Year average Dividends Per Share Growth Rate of Top 10 Split Trust was 14.50% per year. The lowest was -32.40% per year. And the median was 1.00% per year.

The growth rate is calculated with least square regression.

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

Top 10 Split Trust Dividend Payout Ratio Historical Data

The historical data trend for Top 10 Split Trust'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.

Top 10 Split Trust Dividend Payout Ratio Chart

Top 10 Split Trust Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.10

0.07

0.14

Top 10 Split Trust Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial													0.20	-	-	0.22	0.09

Competitive Comparison of Top 10 Split Trust's Dividend Payout Ratio

For the Asset Management subindustry, Top 10 Split Trust'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.

Top 10 Split Trust's Dividend Payout Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Top 10 Split Trust's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Top 10 Split Trust's Dividend Payout Ratio falls into.

Top 10 Split Trust Dividend Payout Ratio Calculation

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

Top 10 Split Trust'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 )
	=	0.123	/	0.885
	=	0.14

Top 10 Split Trust'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 )
	=	0.048	/	0.548
	=	0.09

Top 10 Split Trust (TSX:TXT.UN) 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.

Top 10 Split Trust Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Top 10 Split Trust's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Top 10 Split Trust (TSX:TXT.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Top 10 Split Trust (TSX:TXT.UN) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

TXT.PR.A.PFD:Canada

Address

121 King Street West, Suite 2600, P.O. Box 113, Toronto, ON, CAN, M5H 3T9

Website

https://www.mulvihill.com

Top 10 Split Trust is a Canada-based closed-end investment trust. The fund invests in a portfolio of securities consisting of common equity securities of Canadian banks and Canadian life insurance companies. Its investment objective is to provide unitholders with the benefit of capital appreciation in the market price of the securities in the fund's portfolio.

Top 10 Split Trust (TSX:TXT.UN) Headlines

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