Tecsys (TSE:TCS) Will Pay A Dividend Of CA$0.08
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 04 2024
0mins
Source: Yahoo Finance
- Tecsys Inc. Dividend Announcement: Tecsys Inc. will pay a dividend of CA$0.08 per share on August 2nd, with an annual payment representing 0.9% of the current stock price.
- Dividend Sustainability Concerns: Prior to the announcement, the company was paying out 247% of its earnings, raising concerns about the sustainability of the dividend.
- Expected EPS Growth: Over the next 12 months, EPS is projected to grow by 69%, but the high payout ratio could strain the balance sheet.
- Stable Dividend History: Tecsys has a history of stable dividend payments, showing consistent growth from CA$0.07 in 2014 to CA$0.32 recently.
- Challenges for Future Dividend Growth: While earnings per share have grown at 9.6% annually, the high payout ratio may limit future dividend growth, leading to doubts about the sustainability of Tecsys' dividends.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
