Balchem Corporation develops, manufactures, and markets specialty performance ingredients and products for the nutritional, food, pharmaceutical, animal health, medical device sterilization, plant nutrition, and industrial markets in the United States and internationally. It operates through three segments: Human Nutrition & Health, Animal Nutrition & Health, and Specialty Products. The Human Nutrition & Health segment supplies ingredients in the food and beverage industry. Its products include spray dried and emulsified powders, extrusion and agglomeration, blended lipid systems, liquid flavor delivery systems, juice and dairy bases, chocolate systems, and cereal systems, as well as ice cream bases and variegates. This segment also offers microencapsulation solutions for various applications; and human grade choline nutrients and mineral amino acid chelated products for nutrition and health applications. The Animal Nutrition & Health segment provides microencapsulated products to enhance health and milk production, and delivering nutrient supplements in ruminant animals; chelation technology, which offers enhanced nutrient absorption for various species of production and companion animals; and choline chloride, a nutrient for monogastric animal health. The Specialty Products segment offers ethylene oxide primarily for use in the health care industry; and single use canisters with ethylene oxide for sterilizing re-usable devices. This segment also markets and sells propylene oxide, a fumigant to aid in the control of insects and microbiological spoilage, as well as to reduce bacterial and mold contamination in shell and processed nut meats, processed spices, cacao beans, cocoa powder, raisins, figs, and prunes; and chelated minerals for high value crops. The company sells its products through sales force, independent distributors, and sales agents. Balchem Corporation was incorporated in 1967 and is headquartered in New Hampton, New York.
Balchem Dividend Announcement
• Balchem announced a annually dividend of $0.79 per ordinary share which will be made payable on 2024-01-19. Ex dividend date: 2023-12-26
• Balchem annual dividend for 2023 was $0.79
• Balchem's trailing twelve-month (TTM) dividend yield is 0.45%
• Balchem's payout ratio for the trailing twelve months (TTM) is 21.04%
• Balchem's dividend growth over the last five years (2018-2023) was 10.94% year
• Balchem's dividend growth over the last ten years (2013-2023) was 11.75% year
Balchem Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2023-12-26 | $0.79 | annually | 2024-01-19 |
2022-12-23 | $0.71 | annually | 2023-01-20 |
2021-12-27 | $0.64 | annually | 2022-01-21 |
2020-12-24 | $0.58 | annually | 2021-01-22 |
2019-12-27 | $0.52 | annually | 2020-01-17 |
2018-12-24 | $0.47 | annually | 2019-01-18 |
2017-12-26 | $0.42 | annually | 2018-01-19 |
2016-12-22 | $0.38 | annually | 2017-01-20 |
2015-12-23 | $0.34 | annually | 2016-01-21 |
2014-12-24 | $0.30 | annually | 2015-01-27 |
2013-12-19 | $0.26 | annually | 2014-01-21 |
2012-12-12 | $0.22 | annually | 2012-12-21 |
Balchem Dividend per year
Balchem Dividend growth
Balchem Dividend Yield
Balchem current trailing twelve-month (TTM) dividend yield is 0.45%. Interested in purchasing Balchem stock? Use our calculator to estimate your expected dividend yield:
Balchem Financial Ratios
Balchem Dividend FAQ
Other factors to consider when evaluating Balchem as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Balchem's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Balchem publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Balchem distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Balchem are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Balchem sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Balchem distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Balchem declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Balchem's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Balchem's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.