By the end of today, February 26, 2024, Bio-Techne TECH is set to deliver a dividend payout of $0.08 per share, equating to an annualized dividend yield of 0.46%. The company's dividend payout went ex-dividend on February 09, 2024, so only the investors that owned the stock prior to the ex-dividend date will receive this payout.
Bio-Techne Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-02-09 | 4 | $0.08 | 0.46% | 2024-02-01 | 2024-02-12 | 2024-02-26 |
| 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 |
In terms of dividend yield, Bio-Techne finds itself in the middle ground among its industry peers, while Agilent Technologies A takes the lead with 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 decline in the company's dividend per share from $1.28 in 2020 to $0.32 in 2023. This downward trend in dividend payouts necessitates a comprehensive investigation to identify the reasons behind the decrease.
YoY Earnings Growth For Bio-Techne
From 2020 to 2023, Bio-Techne has demonstrated an upward trend in earnings, with earnings per share rising from $1.23 to $1.96. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.
Recap
This article takes an in-depth look at Bio-Techne's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.08 per share today, translating to an annualized dividend yield of 0.46%.
In terms of dividend yield, Bio-Techne finds itself in the middle ground among its industry peers, while Agilent Technologies takes the lead with the highest annualized dividend yield at 0.71%.
Considering the decrease in dividend per share from 2020 to 2023 along with an increase in earnings per share, Bio-Techne seems to be allocating more profits towards business expansion instead of dividend payments.
To remain updated on any changes in financials or dividend disbursements, investors should closely observe the company's performance in the coming 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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