By the close of today, November 21, 2023, Kennametal KMT will issue a dividend payout of $0.20 per share, resulting in an annualized dividend yield of 3.53%. Only those investors who owned the stock prior to the ex-dividend date on November 06, 2023 will receive this payout.
Kennametal Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-11-06 | 4 | $0.2 | 3.53% | 2023-10-24 | 2023-11-07 | 2023-11-21 |
| 2023-08-07 | 4 | $0.2 | 2.62% | 2023-08-01 | 2023-08-08 | 2023-08-22 |
| 2023-05-08 | 4 | $0.2 | 3.08% | 2023-05-01 | 2023-05-09 | 2023-05-23 |
| 2023-02-13 | 4 | $0.2 | 2.65% | 2023-02-06 | 2023-02-14 | 2023-02-28 |
| 2022-11-07 | 4 | $0.2 | 3.04% | 2022-10-31 | 2022-11-08 | 2022-11-22 |
| 2022-08-08 | 4 | $0.2 | 2.98% | 2022-08-01 | 2022-08-09 | 2022-08-23 |
| 2022-05-09 | 4 | $0.2 | 3.11% | 2022-05-02 | 2022-05-10 | 2022-05-24 |
| 2022-02-14 | 4 | $0.2 | 2.37% | 2022-02-07 | 2022-02-15 | 2022-03-01 |
| 2021-11-08 | 4 | $0.2 | 2.01% | 2021-11-01 | 2021-11-09 | 2021-11-23 |
| 2021-08-09 | 4 | $0.2 | 2.21% | 2021-08-02 | 2021-08-10 | 2021-08-24 |
| 2021-05-10 | 4 | $0.2 | 1.99% | 2021-05-03 | 2021-05-11 | 2021-05-25 |
| 2021-02-08 | 4 | $0.2 | 2.11% | 2021-02-01 | 2021-02-09 | 2021-02-23 |
Kennametal is the leader in terms of dividend yield compared to its industry peers, with Hyster-Yale Materials HY having the highest annualized dividend yield at 2.79%.
Analyzing Kennametal 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
As you can see, from 2019 to 2022, investors observed a stable dividend per share of $0.80 throughout this period. This indicates a consistent dividend policy maintained by the company, providing stability to shareholders. Investors can rely on the company's consistent dividend payout to generate a steady income stream.
YoY Earnings Growth For Kennametal
The earnings chart above reveals a decrease in Kennametal's earnings per share, declining from $2.49 in 2019 to $1.69 in 2022. This could raise concerns for income-seeking investors, as it suggests a decline in the company's profitability. It is crucial to closely monitor the situation and assess the factors contributing to this decrease, as it may have implications for future cash dividend payouts.
Recap
In this article, we delve into Kennametal's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.20 per share today, resulting in an annualized dividend yield of 3.53%.
Kennametal is the leader in terms of dividend yield compared to its industry peers, with Hyster-Yale Materials having the highest annualized dividend yield at 2.79%.
The unaltered dividend per share during 2019 to 2022 does not overshadow the decreasing earnings per share for Kennametal. This downward trend raises concerns about the company's financial stability and its ability to sustain the distribution of 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.
[Monitor live stock price updates for Kennametal on Benzinga.](https://www.benzinga.com/quote/Kennametal (NYSE: KMT))
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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