By the close of today, November 24, 2023, Bio-Techne TECH will issue a dividend payout of $0.08 per share, resulting in an annualized dividend yield of 0.56%. Only those investors who owned the stock prior to the ex-dividend date on November 09, 2023 will receive this payout.
Bio-Techne Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-11-09 | 4 | $0.08 | 0.56% | 2023-10-31 | 2023-11-10 | 2023-11-24 |
| 2023-08-17 | 4 | $0.08 | 0.39% | 2023-08-08 | 2023-08-18 | 2023-09-01 |
| 2023-05-12 | 4 | $0.08 | 0.4% | 2023-05-03 | 2023-05-15 | 2023-05-26 |
| 2023-02-10 | 4 | $0.08 | 0.39% | 2023-02-02 | 2023-02-13 | 2023-02-27 |
| 2022-11-10 | 4 | $0.32 | 0.43% | 2022-11-01 | 2022-11-14 | 2022-11-28 |
| 2022-08-12 | 4 | $0.32 | 0.33% | 2022-08-04 | 2022-08-15 | 2022-08-29 |
| 2022-05-13 | 4 | $0.32 | 0.33% | 2022-05-04 | 2022-05-16 | 2022-05-27 |
| 2022-02-10 | 4 | $0.32 | 0.34% | 2022-02-01 | 2022-02-11 | 2022-02-25 |
| 2021-11-10 | 4 | $0.32 | 0.24% | 2021-11-02 | 2021-11-12 | 2021-11-26 |
| 2021-08-13 | 4 | $0.32 | 0.26% | 2021-08-05 | 2021-08-16 | 2021-08-27 |
| 2021-05-14 | 4 | $0.32 | 0.31% | 2021-05-06 | 2021-05-17 | 2021-05-28 |
| 2021-02-11 | 4 | $0.32 | 0.38% | 2021-02-02 | 2021-02-12 | 2021-02-26 |
Bio-Techne's dividend yield falls in the middle range when compared to its industry peers, with Agilent Technologies A having the highest annualized dividend yield at 0.76%.
Analyzing Bio-Techne Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
From 2019 to 2022, the company maintained a consistent dividend per share of $1.28. This signifies the company's dedication to a stable dividend policy, which is reassuring for shareholders seeking reliable returns on their investments.
YoY Earnings Growth For Bio-Techne
From 2019 to 2022, Bio-Techne experienced a growth in earnings per share, with an increase from $1.15 to $1.97. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.
Recap
In this article, we explore the recent dividend payout of Bio-Techne and its significance for shareholders. The company has decided to distribute a dividend of $0.08 per share today, which equates to an annualized dividend yield of 0.56%.
Bio-Techne's dividend yield falls in the middle range when compared to its industry peers, with Agilent Technologies having the highest annualized dividend yield at 0.76%.
Despite maintaining an unchanged dividend per share from 2019 to 2022, the steady increase in earnings per share for Bio-Techne suggests a strong financial standing and positions the company to continue distributing their profits back to their investors.
To stay informed about changes in financials or dividend disbursements, investors should pay close attention to the company's performance in the upcoming quarters.
[Monitor live stock price updates for Bio-Techne on Benzinga.](https://www.benzinga.com/quote/Bio-Techne (NASDAQ: TECH))
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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