At the end of today, August 08, 2023, Bio-Techne TECH will distribute a dividend payout of $0.08 per share, translating to an annualized dividend yield of 0.39%. Shareholders who held the stock before the ex-dividend date on August 17, 2023 will benefit from this payout.
Bio-Techne Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 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 |
| 2020-11-13 | 4 | $0.32 | 0.48% | 2020-11-05 | 2020-11-16 | 2020-11-27 |
With a dividend yield that places it neither at the top nor the bottom, Bio-Techne finds itself in the middle among its industry peers, while Agilent Technologies A boasts the highest annualized dividend yield at 0.71%.
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
Investors witnessed a steady dividend per share of $1.28 from 2019 to 2022, indicating the company's commitment to providing stability to shareholders through a reliable dividend payout. This consistent dividend policy offers a dependable income source for investors.
YoY Earnings Growth For Bio-Techne
Investors can observe a growth in earnings for Bio-Techne from 2019 to 2022, as earnings per share increased from $1.15 to $1.97. This upward trajectory in earnings indicates potential for future cash dividend payout increases, which can be advantageous for income-seeking investors.
Recap
In this article, we delve into Bio-Techne's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.08 per share today, resulting in an annualized dividend yield of 0.39%.
With a dividend yield that places it neither at the top nor the bottom, Bio-Techne finds itself in the middle among its industry peers, while Agilent Technologies boasts the highest annualized dividend yield at 0.71%.
Despite no adjustment in the dividend per share over the period of 2019 to 2022, the consistent growth in earnings per share for Bio-Techne indicates a sound financial status, which could enable the company to continue sharing profits with its investors.
To stay well-informed about potential changes in financials or dividend disbursements, investors should closely observe the company's performance in the upcoming quarters.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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