As the day concludes, Commercial Metals CMC is preparing to distribute a dividend payout of $0.16 per share, resulting in an annualized dividend yield of 1.31%. This payout is exclusive to investors who held the stock before the ex-dividend date on January 17, 2024.
Commercial Metals Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-01-17 | 4 | $0.16 | 1.31% | 2024-01-04 | 2024-01-18 | 2024-02-01 |
| 2023-10-25 | 4 | $0.16 | 1.33% | 2023-10-10 | 2023-10-26 | 2023-11-09 |
| 2023-06-30 | 4 | $0.16 | 1.36% | 2023-06-21 | 2023-07-03 | 2023-07-12 |
| 2023-03-31 | 4 | $0.16 | 1.43% | 2023-03-21 | 2023-04-03 | 2023-04-12 |
| 2023-01-18 | 4 | $0.16 | 1.31% | 2023-01-05 | 2023-01-19 | 2023-02-02 |
| 2022-10-26 | 4 | $0.16 | 1.6% | 2022-10-11 | 2022-10-27 | 2022-11-10 |
| 2022-06-28 | 4 | $0.14 | 1.51% | 2022-06-15 | 2022-06-29 | 2022-07-13 |
| 2022-03-29 | 4 | $0.14 | 1.36% | 2022-03-16 | 2022-03-30 | 2022-04-13 |
| 2022-01-19 | 4 | $0.14 | 1.5% | 2022-01-06 | 2022-01-20 | 2022-02-03 |
| 2021-10-26 | 4 | $0.14 | 1.74% | 2021-10-13 | 2021-10-27 | 2021-11-10 |
| 2021-06-29 | 4 | $0.12 | 1.47% | 2021-06-16 | 2021-06-30 | 2021-07-14 |
| 2021-03-30 | 4 | $0.12 | 1.69% | 2021-03-17 | 2021-03-31 | 2021-04-14 |
In terms of dividend yield, Commercial Metals finds itself in the middle ground among its industry peers, while Vale VALE takes the lead with the highest annualized dividend yield at 9.25%.
Analyzing Commercial Metals 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 2020 to 2023, investors saw an average increase in the company's dividend per share, rising from $0.48 in 2020 to $0.64 in 2023. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
YoY Earnings Growth For Commercial Metals
The earnings chart illustrates an increase in Commercial Metals's earnings per share, from $2.64 in 2020 to $7.39 in 2023. This positive earnings growth provides income-seeking investors with optimism, as it suggests potential for higher cash dividend payouts in the future.
Recap
In this article, we delve into Commercial Metals's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.16 per share today, resulting in an annualized dividend yield of 1.31%.
In terms of dividend yield, Commercial Metals finds itself in the middle ground among its industry peers, while Vale takes the lead with the highest annualized dividend yield at 9.25%.
Considering the increase in dividend per share from 2020 to 2023 along with an increase in earnings per share, Commercial Metals appears to be in a strong financial position, indicating their ability to sustain dividend distributions to investors.
Investors are advised to closely monitor the company's performance in the upcoming quarters to stay informed about any fluctuations in financials or dividend disbursements.
\To stay up-to-date with the companies that are announcing their dividends, click here to visit our Dividends Calendar.
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.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
