Hammond Manufacturing Company Limited, together with its subsidiaries, designs, manufactures, and sells electrical and electronic components in Canada, the United States, and internationally. The company offers electrical enclosures, including mild and stainless steel, aluminum, non-metallic, disconnect, modular freestanding, operator interface, and commercial enclosures; wireway and trough, climate control, and data communication infrastructure products; and general accessories. It also provides small enclosures, such as diecast, plastic, extruded, rock mounted, and industrial enclosures; and general purpose metal and development board products, chassis, and handles and accessories. In addition, the company offers rack mounting solutions, such as open frame network racks, server racks and cabinets, wall mount racks and cabinets, and rack accessories; rack mount, heavy duty, and surge suppression outlet strips, and outlet accessories; and power, line, audio, energy limiting, instrument, guitar replacement, and classic transformers, as well as chokes and reactors. Further, it provides magnetics for tube applications, and amateur radio and commercial broadcast products, as well as modification and technical support services. The company serves electrical and electronic manufacturers, utilities, and institutions through original equipment manufacturers and a network of agents and distributors. Hammond Manufacturing Company Limited was founded in 1917 and is headquartered in Guelph, Canada.
Hammond Manufacturing Dividend Announcement
• Hammond Manufacturing announced a semi annually dividend of C$0.03 per ordinary share which will be made payable on 2024-08-23. Ex dividend date: 2024-08-12
• Hammond Manufacturing annual dividend for 2024 was C$0.06
• Hammond Manufacturing annual dividend for 2023 was C$0.06
• Hammond Manufacturing's trailing twelve-month (TTM) dividend yield is 0.62%
• Hammond Manufacturing's payout ratio for the trailing twelve months (TTM) is 3.65%
• Hammond Manufacturing's dividend growth over the last five years (2018-2023) was 8.45% year
• Hammond Manufacturing's dividend growth over the last ten years (2013-2023) was 11.61% year
Hammond Manufacturing Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-08-12 | C$0.03 | semi annually | 2024-08-23 |
| 2024-03-13 | C$0.03 | semi annually | |
| 2023-08-11 | C$0.03 | semi annually | 2023-08-25 |
| 2023-03-15 | C$0.03 | semi annually | 2023-04-06 |
| 2022-08-12 | C$0.03 | semi annually | 2022-08-26 |
| 2022-03-16 | C$0.03 | semi annually | |
| 2021-08-19 | C$0.02 | semi annually | 2021-09-01 |
| 2021-03-17 | C$0.02 | semi annually | 2021-04-07 |
| 2020-08-20 | C$0.02 | semi annually | 2020-09-02 |
| 2020-03-12 | C$0.02 | semi annually | |
| 2019-08-26 | C$0.02 | semi annually | |
| 2019-03-14 | C$0.02 | semi annually | |
| 2018-08-27 | C$0.02 | semi annually | |
| 2018-03-15 | C$0.02 | semi annually | |
| 2017-08-09 | C$0.02 | semi annually | |
| 2016-05-10 | C$0.02 | semi annually | |
| 2015-01-13 | C$0.02 | semi annually | |
| 2014-03-26 | C$0.02 | semi annually | |
| 2013-03-26 | C$0.02 | semi annually |
Hammond Manufacturing Dividend per year
Hammond Manufacturing Dividend growth
Hammond Manufacturing Dividend Yield
Hammond Manufacturing current trailing twelve-month (TTM) dividend yield is 0.62%. Interested in purchasing Hammond Manufacturing stock? Use our calculator to estimate your expected dividend yield:
Hammond Manufacturing Financial Ratios
P/E ratio5.93
PEG ratio0.24
P/B ratio0.98
ROE17.57%
Payout ratio3.65%
Current ratio1.74
Quick ratio0.81
Cash Ratio0.28
Hammond Manufacturing Dividend FAQ
How much is the next Hammond Manufacturing dividend?
Hammond Manufacturing's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Hammond Manufacturing dividend. The next Hammond Manufacturing dividend will be released in March, or August.
When is Hammond Manufacturing dividend paid?
Hammond Manufacturing pays dividends on a semi annually basis. The specific dates may vary each year but are generally around March, and August. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Hammond Manufacturing pay?
The specific amount of Hammond Manufacturing dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Hammond Manufacturing's dividend history.
Does Hammond Manufacturing stock pay dividends?
Yes, Hammond Manufacturing does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Hammond Manufacturing's dividend history.
How much dividend does Hammond Manufacturing pay?
Hammond Manufacturing paid C$0.06 in 2024, C$0.06 in 2023, C$0.06 in 2022, C$0.04 in 2021, and C$0.04 in 2020.
How often does Hammond Manufacturing pay dividends?
Hammond Manufacturing typically pays dividends on a semi annually basis. This means that dividends are usually distributed 2 times a year. The specific payout dates may vary each year but generally fall around March, and August.
What is Hammond Manufacturing's dividend yield?
The current dividend yield for Hammond Manufacturing is 0.62%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Hammond Manufacturing's exact dividend yield.
When does Hammond Manufacturing go ex dividend?
Hammond Manufacturing's ex-dividend date for the latest dividend was on 2024-08-12. Hammond Manufacturing typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Hammond Manufacturing dividend paid?
Hammond Manufacturing pays dividends on a semi annually basis, typically around March, or August, but the exact dates can vary each year.
Will Hammond Manufacturing increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Hammond Manufacturing will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Hammond Manufacturing dividend per share?
Hammond Manufacturing paid C$0.06 per share in 2024 and C$0.06 per share in 2023. The amount of dividend per share that Hammond Manufacturing pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Hammond Manufacturing a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Hammond Manufacturing a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Hammond Manufacturing a dividend stock?
Yes, Hammond Manufacturing is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Hammond Manufacturing a good dividend stock?
Whether Hammond Manufacturing is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Hammond Manufacturing has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Hammond Manufacturing 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.
Other factors to consider when evaluating Hammond Manufacturing 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.
Does Hammond Manufacturing pay dividends monthly?
Hammond Manufacturing typically pays dividends on a semi annually basis.
Does Hammond Manufacturing pay dividends quarterly?
Hammond Manufacturing currently pays dividends on a semi annually basis.
Has Hammond Manufacturing ever paid a dividend?
Yes, Hammond Manufacturing has a history of paying dividends to its shareholders. Hammond Manufacturing is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Hammond Manufacturing dividend stocks?
To buy Hammond Manufacturing you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Hammond Manufacturing stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy Hammond Manufacturing stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Hammond Manufacturing pay dividends 2024?
Hammond Manufacturing pays dividends on a semi annually basis. 2024 dividend payments are in 2024-08-23. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Hammond Manufacturing increase its dividend in 2024?
Decisions regarding Hammond Manufacturing dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Hammond Manufacturing dividend overview you can look into the above table of dividend history.
How Hammond Manufacturing dividend works?
The Hammond Manufacturing dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Hammond Manufacturing's dividend process works:
1. Determination of Dividend: Hammond Manufacturing'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, Hammond Manufacturing 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, Hammond Manufacturing 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 Hammond Manufacturing 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. Determination of Dividend: Hammond Manufacturing'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, Hammond Manufacturing 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, Hammond Manufacturing 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 Hammond Manufacturing 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.
How are Hammond Manufacturing dividends paid?
Hammond Manufacturing dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Hammond Manufacturing 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, Hammond Manufacturing distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Hammond Manufacturing 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.
1. Record Date: Hammond Manufacturing 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, Hammond Manufacturing distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Hammond Manufacturing 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.
How many times does Hammond Manufacturing pay dividends?
Hammond Manufacturing typically pays dividends on a semi annually basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Hammond Manufacturing pay dividends?
The general pattern is that Hammond Manufacturing pays dividends around March, and August. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Hammond Manufacturing dividend safe?
The safety of Hammond Manufacturing's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Hammond Manufacturing'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 Hammond Manufacturing'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.
To assess the safety of Hammond Manufacturing'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 Hammond Manufacturing'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.