Hardwoods Distribution Inc. engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets. It offers a range of decorative surfaces, including architectural grade plywood and veneers, hardwood lumber, laminates, acrylics, and composites for use in commercial and residential applications; specialty plywood and composite panel products for residential and commercial cabinet, countertop, store fixture, and RV and furniture industries; and other products comprising moldings, cabinet hardware, doors, millwork, adhesives, solid surface products, and decorative laminates. The company also manufactures, imports, and distributes hardwood lumber, millwork, and architectural sheet goods. It serves small-to-mid-sized industrial manufacturers of cabinets, moldings, custom finishing, home furniture, home renovations, finishing millwork for office buildings, restaurant and bar interiors, hotel lobbies, retail point-of-purchase displays, schools, hospitals, custom motor coaches, yacht interiors, and other specialty areas. As of March 11, 2022, the company operated 86 distribution facilities in North America. Hardwoods Distribution Inc. was incorporated in 2012 and is headquartered in Langley, Canada.
Hardwoods Distribution Dividend Announcement
• Hardwoods Distribution announced a quarterly dividend of $0.10 per ordinary share which will be made payable on 2024-10-25. Ex dividend date: 2024-10-15
• Hardwoods Distribution annual dividend for 2024 was $0.41
• Hardwoods Distribution annual dividend for 2023 was $0.39
• Hardwoods Distribution's trailing twelve-month (TTM) dividend yield is 1.5%
• Hardwoods Distribution's payout ratio for the trailing twelve months (TTM) is 19.88%
• Hardwoods Distribution's dividend growth over the last five years (2018-2023) was 17.05% year
Hardwoods Distribution Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-15 | $0.10 | quarterly | 2024-10-25 |
2024-07-15 | $0.10 | quarterly | 2024-07-26 |
2024-04-12 | $0.10 | quarterly | |
2024-01-12 | $0.10 | quarterly | 2024-01-26 |
2023-10-13 | $0.10 | quarterly | 2023-10-27 |
2023-07-14 | $0.10 | quarterly | 2023-07-28 |
2023-04-14 | $0.10 | quarterly | 2023-04-28 |
2023-01-13 | $0.10 | quarterly | 2023-01-27 |
2022-10-14 | $0.09 | quarterly | 2022-10-28 |
2022-07-15 | $0.09 | quarterly | 2022-07-29 |
2022-04-18 | $0.10 | quarterly | 2022-04-29 |
2022-01-14 | $0.10 | quarterly | 2022-01-28 |
2021-10-15 | $0.08 | quarterly | 2021-10-29 |
2021-07-16 | $0.08 | quarterly | 2021-07-30 |
2021-04-16 | $0.08 | quarterly | 2021-04-30 |
2021-01-15 | $0.08 | quarterly | 2021-01-29 |
2020-10-16 | $0.06 | quarterly | 2020-10-30 |
2020-07-17 | $0.06 | quarterly | 2020-07-31 |
2020-04-15 | $0.06 | quarterly | 2020-04-30 |
2020-01-17 | $0.07 | quarterly | 2020-01-31 |
2019-10-10 | $0.06 | quarterly | 2019-10-25 |
2019-07-12 | $0.06 | quarterly | 2019-07-26 |
2018-10-12 | $0.06 | quarterly | 2018-10-26 |
2018-04-13 | $0.06 | quarterly | 2018-04-27 |
2018-01-12 | $0.06 | quarterly | 2018-01-26 |
2017-10-13 | $0.06 | quarterly | 2017-10-27 |
2017-07-13 | $0.05 | quarterly | 2017-07-28 |
2017-04-12 | $0.05 | quarterly | 2017-04-28 |
2017-01-18 | $0.05 | quarterly | 2017-01-31 |
2016-10-13 | $0.05 | quarterly | 2016-10-28 |
2016-07-14 | $0.04 | quarterly | 2016-07-29 |
2016-04-15 | $0.04 | quarterly | |
2016-01-15 | $0.04 | quarterly | 2016-01-29 |
2015-10-16 | $0.04 | quarterly | 2015-10-30 |
2015-07-16 | $0.04 | quarterly | |
2015-04-16 | $0.04 | quarterly | |
2015-01-15 | $0.04 | quarterly | |
2014-10-16 | $0.04 | quarterly | |
2014-07-16 | $0.04 | quarterly | |
2014-04-15 | $0.04 | quarterly | |
2014-01-16 | $0.03 | quarterly |
Hardwoods Distribution Dividend per year
Hardwoods Distribution Dividend growth
Hardwoods Distribution Dividend Yield
Hardwoods Distribution current trailing twelve-month (TTM) dividend yield is 1.5%. Interested in purchasing Hardwoods Distribution stock? Use our calculator to estimate your expected dividend yield:
Hardwoods Distribution Financial Ratios
Hardwoods Distribution Dividend FAQ
Other factors to consider when evaluating Hardwoods Distribution 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: Hardwoods Distribution'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, Hardwoods Distribution 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, Hardwoods Distribution 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 Hardwoods Distribution 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: Hardwoods Distribution 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, Hardwoods Distribution distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Hardwoods Distribution 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 Hardwoods Distribution'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 Hardwoods Distribution'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.