On September 22, 2023, Hammond Power Solns HPS will distribute a dividend payout of $0.15 per share, equating to an annualized dividend yield of 21.13%. Shareholders who owned the stock before the ex-dividend date on September 14, 2023 will receive this payout.
Hammond Power Solns Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-09-14 | 4 | $0.15 | 21.13% | 2023-09-05 | 2023-09-15 | 2023-09-22 |
| 2023-06-16 | 4 | $0.12 | 1.12% | 2023-06-06 | 2023-06-20 | 2023-06-27 |
| 2023-03-22 | 4 | $0.12 | 1.68% | 2023-03-07 | 2023-03-23 | 2023-03-30 |
| 2022-12-07 | 4 | $0.1 | 1.83% | 2022-12-01 | 2022-12-08 | 2022-12-15 |
| 2022-09-15 | 4 | $0.1 | 2.25% | 2022-09-06 | 2022-09-16 | 2022-09-23 |
| 2022-06-20 | 4 | $0.1 | 3.14% | 2022-05-02 | 2022-06-21 | 2022-06-28 |
| 2022-03-16 | 4 | $0.09 | 2.81% | 2022-03-04 | 2022-03-17 | 2022-03-24 |
| 2021-12-09 | 4 | $0.09 | 2.92% | 2021-12-06 | 2021-12-10 | 2021-12-17 |
| 2021-09-16 | 4 | $0.09 | 2.81% | 2021-09-07 | 2021-09-17 | 2021-09-24 |
| 2021-06-21 | 4 | $0.09 | 3.37% | 2021-06-08 | 2021-06-22 | 2021-06-29 |
| 2021-03-17 | 4 | $0.09 | 3.68% | 2021-03-05 | 2021-03-18 | 2021-03-25 |
| 2020-12-09 | 4 | $0.09 | 4.56% | 2020-11-30 | 2020-12-10 | 2020-12-17 |
Analyzing Hammond Power Solns 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
During the period of 2020 to 2022, the company experienced a notable growth in its dividend per share. The dividend per share increased from $0.34 to $0.39, reflecting the company's focus on providing greater returns to its shareholders.
YoY Earnings Growth For Hammond Power Solns
The earnings chart above shows that from 2020 to 2022, Hammond Power Solns has experienced an increase in their earnings from $1.18 per share to $2.60 per share. This positive earnings trend is promising for income-seeking investors as it suggests that the company has more potential to increase its cash dividend payout if the trend continues.
Recap
This article delves into the recent dividend payout of Hammond Power Solns and its implications for shareholders. Presently, the company is distributing a dividend of $0.15 per share, leading to an annualized dividend yield of 21.13%.
The increase in both dividend per share and earnings per share from 2020 to 2022 for Hammond Power Solns indicates a positive financial trend, suggesting their capacity to continue distributing profits to shareholders.
Investors should closely follow the company's performance in the coming quarters to stay up-to-date on any shifts in financials or dividend disbursements.
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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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