Dividend Growth Summary
| 3 Year Growth Rate (CAGR) | 13.92% |
| 5 Year Growth Rate (CAGR) | 13.56% |
| 10 Year Growth Rate (CAGR) | 12.73% |
Toromont Industries Ltd (TIH.TO)
Exchange: TO
Currency: CAD
Price: 118.44 (Close)
Summary
| 52 Week range | 200d Moving Avg. | Beta |
| 88.26 – 118.74 | 108.55 | 0.69 |
| Dividend | Dividend Yield | Ex-Dividend date |
| 1.56 | 1.32% | 2022-03-08 |
| P/E Ratio | Latest EPS | DGR 3 years |
| 29.61 | 4.00 | 13.92% |
Near Fair Value
Low
Low Volatility
High
Slow
Dividend Growth
Fast
Profile
Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally. It operates in two segments, Equipment Group and CIMCO. The Equipment Group segment is involved in the sale, rental, and service of mobile equipment for Caterpillar and other manufacturers; sale, rental, and service of engines used in various applications, including industrial, commercial, marine, on-highway trucks, and power generation; and sale of complementary and related products, parts, and services. This segment serves road building, mining, aggregates, public infrastructure, residential construction, power generation, marine, agriculture, forestry, on-highway truck engines, industrial, demolition, and waste management sectors. The CIMCO segment is involved in the design, engineering, fabrication, installation, and after-sale support of refrigeration systems in industrial and recreational markets. Toromont Industries Ltd. was founded in 1961 and is based in Concord, Canada.
| Sector: | Industry: | |
| Industrials | Industrial Distribution | |
Dividend Safety Metrics
| Latest EPS | 4.00 | |
| Annual Payout | 1.56 | |
| Payout Ratio | 39.00% | |
| Dividend growth | 30 Years | |
| Dividend Score | 0 | |
| Dividend Coverage Ratio | 2.56 | |
| Altman-Z score | 0.00 |
Toromont Industries Ltd (TIH.TO) Valuation
Toromont Industries Ltd’s current dividend yield of 1.32% is -8% below its 5-year average. The 5-year average dividend yield is 1.44% (see red-line in chart). This indicates the stock looks reasonably valued today.
Toromont Industries Ltd (TIH.TO) Performance
The chart below displays the total price return(%) of Toromont Industries Ltd for different periods:
Toromont Industries Ltd (TIH.TO) Total Return
The chart below displays the (CAGR) total return (%) including all dividends paid of Toromont Industries Ltd for different periods:
Dividend Scorecard
| Dividend Yield (TTM) | Annual Payout | Payout Ratio | Dividend growth |
| 1.32 | 1.56 | 39.00% | 30 Years |
Dividend Growth Rates History
| Year | Payout Amount | Annual Payout Growth (YoY) |
|---|---|---|
| 2022 | 0.390 | -71.3% |
| 2021 | 1.360 | 9.7% |
| 2020 | 1.240 | 14.8% |
| 2019 | 1.080 | 17.4% |
| 2018 | 0.920 | 21.1% |
| 2017 | 0.760 | 5.6% |
| 2016 | 0.720 | 5.9% |
| 2015 | 0.680 | 13.3% |
| 2014 | 0.600 | 15.4% |
| 2013 | 0.520 | 8.3% |
| 2012 | 0.480 | 17.0% |
| 2011 | 0.410 | 17.3% |
| 2010 | 0.350 | 3.3% |
| 2009 | 0.338 | 7.1% |
| 2008 | 0.316 | 16.7% |
Toromont Industries Ltd (TIH.TO) Dividend Payment History