Genesis Land Development Corp., an integrated land developer and residential home builder, owns and develops a portfolio of residential lands and serviced lots in the Calgary Metropolitan Area, Canada. It operates through two segments, Land Development and Home Building. The Land Development segment acquires, plans, rezones, subdivides, services, and sells residential lots, and commercial and industrial lands to third-party developers and builders. The Home Building segment designs, constructs, and sells single-family and semi-detached homes and townhomes. The company was formerly known as Genesis Capital Corp. and changed its name to Genesis Land Development Corp. in October 1998. Genesis Land Development Corp. was founded in 1991 and is headquartered in Calgary, Canada.
Genesis Land Development Dividend Announcement
• Genesis Land Development announced a semi annually dividend of C$0.10 per ordinary share which will be made payable on 2024-06-12. Ex dividend date: 2024-05-23
• Genesis Land Development annual dividend for 2024 was C$0.10
• Genesis Land Development annual dividend for 2023 was C$0.17
• Genesis Land Development's trailing twelve-month (TTM) dividend yield is 4.5%
• Genesis Land Development's payout ratio for the trailing twelve months (TTM) is 40.52%
Genesis Land Development Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-23 | C$0.10 | semi annually | 2024-06-12 |
2023-11-20 | C$0.09 | semi annually | 2023-12-08 |
2023-05-25 | C$0.09 | semi annually | 2023-06-12 |
2022-11-25 | C$0.07 | semi annually | 2022-12-15 |
2022-08-11 | C$0.07 | semi annually | 2022-08-26 |
2020-12-22 | C$0.15 | semi annually | 2021-01-11 |
2018-08-27 | C$0.24 | semi annually | 2018-09-12 |
2017-12-22 | C$0.25 | semi annually | 2018-01-05 |
2017-08-29 | C$0.21 | semi annually | 2017-09-15 |
2016-12-07 | C$0.25 | semi annually | 2016-12-22 |
2015-12-22 | C$0.12 | semi annually | 2015-12-31 |
2014-06-18 | C$0.12 | semi annually | 2014-06-30 |
Genesis Land Development Dividend per year
Genesis Land Development Dividend growth
Genesis Land Development Dividend Yield
Genesis Land Development current trailing twelve-month (TTM) dividend yield is 4.5%. Interested in purchasing Genesis Land Development stock? Use our calculator to estimate your expected dividend yield:
Genesis Land Development Financial Ratios
Genesis Land Development Dividend FAQ
Other factors to consider when evaluating Genesis Land Development 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: Genesis Land Development'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, Genesis Land Development 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, Genesis Land Development 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 Genesis Land Development 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: Genesis Land Development 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, Genesis Land Development distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Genesis Land Development 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 Genesis Land Development'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 Genesis Land Development'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.