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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 dateDividend amountDividend typePay date
2024-09-20$0.20quarterly2024-09-27
2024-06-18$0.20quarterly2024-06-25
2024-03-20$0.11quarterly
2023-12-07$0.11quarterly2023-12-15
2023-09-14$0.11quarterly2023-09-22
2023-06-16$0.12quarterly2023-06-27
2023-03-22$0.09quarterly2023-03-30
2022-12-07$0.07quarterly2022-12-15
2022-09-15$0.08quarterly2022-09-23
2022-06-21$0.08quarterly2022-06-28
2022-06-20$0.08quarterly
2022-03-16$0.07quarterly2022-03-24
2021-12-09$0.07quarterly2021-12-17
2021-09-16$0.07quarterly2021-09-24
2021-06-21$0.07quarterly2021-06-29
2021-03-17$0.07quarterly2021-03-25
2020-12-09$0.09quarterly2020-12-17
2020-09-18$0.07quarterly2020-09-28
2020-06-10$0.06quarterly2020-06-18
2020-03-18$0.06quarterly2020-03-26
2019-12-03$0.05quarterly2019-12-11
2019-09-19$0.07quarterly2019-09-27
2019-06-10$0.05quarterly2019-06-18
2019-03-18$0.07quarterly2019-03-26
2018-12-04$0.05quarterly2018-12-12
2018-09-19$0.05quarterly2018-09-27
2018-06-12$0.05quarterly2018-06-20
2018-03-14$0.05quarterly2018-03-22
2017-12-07$0.05quarterly2017-12-15
2017-09-21$0.05quarterly2017-09-29
2017-06-14$0.05quarterly2017-06-23
2017-03-15$0.04quarterly2017-03-24
2016-12-07$0.04quarterly
2016-09-21$0.04quarterly
2016-06-15$0.05quarterly
2016-03-16$0.04quarterly
2015-12-09$0.04quarterly
2015-09-15$0.04quarterly
2015-06-16$0.05quarterly
2015-03-17$0.05quarterly
2014-12-10$0.05quarterly
2014-09-16$0.05quarterly
2014-06-16$0.06quarterly
2014-03-18$0.05quarterly
2013-12-18$0.05quarterly
2013-09-17$0.05quarterly
2013-06-18$0.05quarterly
2013-03-19$0.05quarterly

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

P/E ratio20.67
PEG ratio0.12
P/B ratio5.16
ROE27.02%
Payout ratio14.93%
Current ratio1.97
Quick ratio1.19
Cash Ratio0.29

Hammond Power Solutions Dividend FAQ

How much is the next Hammond Power Solutions dividend?
Hammond Power Solutions'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 Power Solutions dividend. The next Hammond Power Solutions dividend will be released in March, June, September, or December.
When is Hammond Power Solutions dividend paid?
Hammond Power Solutions pays dividends on a quarterly basis. The specific dates may vary each year but are generally around March, June, September, and December. 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 Power Solutions pay?
The specific amount of Hammond Power Solutions 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 Power Solutions's dividend history.
Does Hammond Power Solutions stock pay dividends?
Yes, Hammond Power Solutions 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 Power Solutions's dividend history.
How much dividend does Hammond Power Solutions pay?
Hammond Power Solutions paid $0.514 in 2024, $0.437 in 2023, $0.37 in 2022, $0.27 in 2021, and $0.272 in 2020.
How often does Hammond Power Solutions pay dividends?
Hammond Power Solutions typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around March, June, September, and December.
What is Hammond Power Solutions's dividend yield?
The current dividend yield for Hammond Power Solutions is 0.7%. 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 Power Solutions's exact dividend yield.
When does Hammond Power Solutions go ex dividend?
Hammond Power Solutions's ex-dividend date for the latest dividend was on 2024-09-20. Hammond Power Solutions 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 Power Solutions dividend paid?
Hammond Power Solutions pays dividends on a quarterly basis, typically around March, June, September, or December, but the exact dates can vary each year.
Will Hammond Power Solutions 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 Power Solutions 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 Power Solutions dividend per share?
Hammond Power Solutions paid $0.514 per share in 2024 and $0.437 per share in 2023. The amount of dividend per share that Hammond Power Solutions 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 Power Solutions 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 Power Solutions 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 Power Solutions a dividend stock?
Yes, Hammond Power Solutions is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Hammond Power Solutions a good dividend stock?
Whether Hammond Power Solutions 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 Power Solutions has a history of paying regular dividends, which can make it attractive to income-focused investors.

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.
Does Hammond Power Solutions pay dividends monthly?
Hammond Power Solutions typically pays dividends on a quarterly basis.
Does Hammond Power Solutions pay dividends quarterly?
Hammond Power Solutions currently pays dividends on a quarterly basis.
Has Hammond Power Solutions ever paid a dividend?
Yes, Hammond Power Solutions has a history of paying dividends to its shareholders. Hammond Power Solutions is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Hammond Power Solutions dividend stocks?
To buy Hammond Power Solutions 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 Power Solutions 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 Power Solutions pay dividends 2024?
Hammond Power Solutions pays dividends on a quarterly basis. 2024 dividend payments are in 2024-09-27. 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 Power Solutions increase its dividend in 2024?
Decisions regarding Hammond Power Solutions 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 Power Solutions dividend overview you can look into the above table of dividend history.
How Hammond Power Solutions dividend works?
The Hammond Power Solutions 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 Power Solutions's dividend process works:

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.
How are Hammond Power Solutions dividends paid?
Hammond Power Solutions dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

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.
How many times does Hammond Power Solutions pay dividends?
Hammond Power Solutions typically pays dividends on a quarterly 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 Power Solutions pay dividends?
The general pattern is that Hammond Power Solutions pays dividends around March, June, September, and December. 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 Power Solutions dividend safe?
The safety of Hammond Power Solutions'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 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.