Psychemedics Corporation provides testing services for the detection of drugs of abuse through the analysis of hair samples in the United States, Brazil, and internationally. The company offers screening and confirmation by mass spectrometry using industry-accepted practices for cocaine, marijuana, and PCP; amphetamines, including ecstasy, eve, and Adderall; opiates, such as heroin, hydrocodone, hydromorphone, oxycodone, oxymorphone, and codeine; synthetic cannabinoids comprising K2, Spice, and Blaze; benzodiazepines consisting of Xanax, Valium, and Ativan; and nicotine and Fentanyl. Its testing results provide quantitative information that could indicate the approximate amount of drug ingested, as well as historical data that could show a pattern of individual drug use over a longer period-of-time. The company offers its services to employers for applicant and employee testing; and treatment professionals, law enforcement agencies, school administrators, and parents concerned about their children's drug use. Psychemedics Corporation was incorporated in 1986 and is headquartered in Acton, Massachusetts.
Psychemedics Dividend Announcement
• Psychemedics announced a quarterly dividend of $0.07 per ordinary share which will be made payable on 2023-06-08. Ex dividend date: 2023-05-24
• Psychemedics annual dividend for 2023 was $0.14
• Psychemedics's trailing twelve-month (TTM) dividend yield is -%
• Psychemedics's payout ratio for the trailing twelve months (TTM) is -17.53%
• Psychemedics's dividend growth over the last five years (2018-2023) was -27.31% year
• Psychemedics's dividend growth over the last ten years (2013-2023) was -13.54% year
Psychemedics Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2023-05-24 | $0.07 | quarterly | 2023-06-08 |
2023-03-30 | $0.07 | quarterly | 2023-04-10 |
2022-12-01 | $0.07 | quarterly | 2022-12-16 |
2022-08-23 | $0.07 | quarterly | 2022-09-09 |
2022-05-26 | $0.07 | quarterly | 2022-06-24 |
2021-12-17 | $0.05 | quarterly | 2021-12-30 |
2020-02-20 | $0.18 | quarterly | 2020-03-03 |
2019-11-04 | $0.18 | quarterly | 2019-11-15 |
2019-08-05 | $0.18 | quarterly | 2019-08-16 |
2019-05-06 | $0.18 | quarterly | 2019-05-17 |
2019-03-13 | $0.18 | quarterly | 2019-03-25 |
2018-11-01 | $0.18 | quarterly | 2018-11-12 |
2018-08-06 | $0.18 | quarterly | 2018-08-17 |
2018-05-07 | $0.18 | quarterly | 2018-05-18 |
2018-03-16 | $0.15 | quarterly | 2018-03-29 |
2017-11-03 | $0.15 | quarterly | 2017-11-17 |
2017-08-10 | $0.15 | quarterly | 2017-08-24 |
2017-05-04 | $0.15 | quarterly | 2017-05-18 |
2017-02-14 | $0.15 | quarterly | 2017-02-27 |
2016-11-03 | $0.15 | quarterly | 2016-11-17 |
2016-08-03 | $0.15 | quarterly | 2016-08-15 |
2016-05-04 | $0.15 | quarterly | 2016-05-18 |
2016-02-18 | $0.15 | quarterly | 2016-03-04 |
2015-11-05 | $0.15 | quarterly | 2015-11-19 |
2015-08-05 | $0.15 | quarterly | 2015-08-18 |
2015-05-06 | $0.15 | quarterly | 2015-05-18 |
2015-02-19 | $0.15 | quarterly | 2015-03-06 |
2014-11-06 | $0.15 | quarterly | 2014-11-20 |
2014-08-05 | $0.15 | quarterly | 2014-08-18 |
2014-05-07 | $0.15 | quarterly | 2014-05-19 |
2014-02-19 | $0.15 | quarterly | 2014-03-07 |
2013-11-06 | $0.15 | quarterly | 2013-11-22 |
2013-08-13 | $0.15 | quarterly | 2013-08-28 |
2013-05-15 | $0.15 | quarterly | 2013-05-30 |
2013-03-05 | $0.15 | quarterly | 2013-03-21 |
2012-11-13 | $0.15 | quarterly | 2012-11-28 |
2012-08-15 | $0.15 | quarterly | 2012-08-30 |
2012-05-16 | $0.15 | quarterly | 2012-05-31 |
2012-03-01 | $0.15 | quarterly | 2012-03-19 |
Psychemedics Dividend per year
Psychemedics Dividend growth
Psychemedics Dividend Yield
Psychemedics current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Psychemedics stock? Use our calculator to estimate your expected dividend yield:
Psychemedics Financial Ratios
Psychemedics Dividend FAQ
Other factors to consider when evaluating Psychemedics 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: Psychemedics'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, Psychemedics 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, Psychemedics 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 Psychemedics 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: Psychemedics 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, Psychemedics distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Psychemedics 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 Psychemedics'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 Psychemedics'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.