Hammond Power Solutions Inc., together with its subsidiaries, designs, manufactures, and sells custom electrical engineered magnetics, standard electrical dry-types, cast resins, liquid filled transformers, and wound magnetic products for electrical and electronic industries. The company offers autotransformers, buck-boost transformers, control transformers, distribution transformers, drive isolation transformers, encapsulated transformers, furnace transformers, multi-pulse transformers, pad mounted transformers, regulating transformers, and medium voltage distribution transformers, as well as reactors, active harmonic filters, dV/dT filters, and unitized substations. It serves the oil and gas, mining, steel, waste and water treatment, commercial construction, data centers and wind power generation industries in Canada, the United States, Mexico, and India. The company was founded in 1917 and is headquartered in Guelph, Canada.
Hammond Power Solutions Dividend Announcement
• Hammond Power Solutions announced a quarterly dividend of $0.20 per ordinary share which will be made payable on 2024-09-27. Ex dividend date: 2024-09-20
• Hammond Power Solutions annual dividend for 2024 was $0.51
• Hammond Power Solutions annual dividend for 2023 was $0.44
• Hammond Power Solutions's trailing twelve-month (TTM) dividend yield is 0.7%
• Hammond Power Solutions's payout ratio for the trailing twelve months (TTM) is 14.93%
• Hammond Power Solutions's dividend growth over the last five years (2018-2023) was 18.87% year
• Hammond Power Solutions's dividend growth over the last ten years (2013-2023) was 8.30% year
Hammond Power Solutions Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-20 | $0.20 | quarterly | 2024-09-27 |
2024-06-18 | $0.20 | quarterly | 2024-06-25 |
2024-03-20 | $0.11 | quarterly | |
2023-12-07 | $0.11 | quarterly | 2023-12-15 |
2023-09-14 | $0.11 | quarterly | 2023-09-22 |
2023-06-16 | $0.12 | quarterly | 2023-06-27 |
2023-03-22 | $0.09 | quarterly | 2023-03-30 |
2022-12-07 | $0.07 | quarterly | 2022-12-15 |
2022-09-15 | $0.08 | quarterly | 2022-09-23 |
2022-06-21 | $0.08 | quarterly | 2022-06-28 |
2022-06-20 | $0.08 | quarterly | |
2022-03-16 | $0.07 | quarterly | 2022-03-24 |
2021-12-09 | $0.07 | quarterly | 2021-12-17 |
2021-09-16 | $0.07 | quarterly | 2021-09-24 |
2021-06-21 | $0.07 | quarterly | 2021-06-29 |
2021-03-17 | $0.07 | quarterly | 2021-03-25 |
2020-12-09 | $0.09 | quarterly | 2020-12-17 |
2020-09-18 | $0.07 | quarterly | 2020-09-28 |
2020-06-10 | $0.06 | quarterly | 2020-06-18 |
2020-03-18 | $0.06 | quarterly | 2020-03-26 |
2019-12-03 | $0.05 | quarterly | 2019-12-11 |
2019-09-19 | $0.07 | quarterly | 2019-09-27 |
2019-06-10 | $0.05 | quarterly | 2019-06-18 |
2019-03-18 | $0.07 | quarterly | 2019-03-26 |
2018-12-04 | $0.05 | quarterly | 2018-12-12 |
2018-09-19 | $0.05 | quarterly | 2018-09-27 |
2018-06-12 | $0.05 | quarterly | 2018-06-20 |
2018-03-14 | $0.05 | quarterly | 2018-03-22 |
2017-12-07 | $0.05 | quarterly | 2017-12-15 |
2017-09-21 | $0.05 | quarterly | 2017-09-29 |
2017-06-14 | $0.05 | quarterly | 2017-06-23 |
2017-03-15 | $0.04 | quarterly | 2017-03-24 |
2016-12-07 | $0.04 | quarterly | |
2016-09-21 | $0.04 | quarterly | |
2016-06-15 | $0.05 | quarterly | |
2016-03-16 | $0.04 | quarterly | |
2015-12-09 | $0.04 | quarterly | |
2015-09-15 | $0.04 | quarterly | |
2015-06-16 | $0.05 | quarterly | |
2015-03-17 | $0.05 | quarterly | |
2014-12-10 | $0.05 | quarterly | |
2014-09-16 | $0.05 | quarterly | |
2014-06-16 | $0.06 | quarterly | |
2014-03-18 | $0.05 | quarterly | |
2013-12-18 | $0.05 | quarterly | |
2013-09-17 | $0.05 | quarterly | |
2013-06-18 | $0.05 | quarterly | |
2013-03-19 | $0.05 | quarterly |
Hammond Power Solutions Dividend per year
Hammond Power Solutions Dividend growth
Hammond Power Solutions Dividend Yield
Hammond Power Solutions current trailing twelve-month (TTM) dividend yield is 0.7%. Interested in purchasing Hammond Power Solutions stock? Use our calculator to estimate your expected dividend yield:
Hammond Power Solutions Financial Ratios
Hammond Power Solutions Dividend FAQ
Other factors to consider when evaluating Hammond Power Solutions 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: Hammond Power Solutions'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 Power Solutions 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 Power Solutions 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 Power Solutions 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: Hammond Power Solutions 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 Power Solutions 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 Power Solutions 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 Hammond Power Solutions'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 Power Solutions'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.