Scope Industries offers waste material recycling services in the United States. It operates plants for the collection and processing of bakery waste materials into a food supplement for animals. The company sells this food supplement to poultry farms, dairies, feed lots, and pet food manufacturers. Scope Industries also owns and operates a plant in Vernon, California, where certain bakery waste material is processed and converted into edible breadcrumbs for human consumption. The company's customers include prepackaged and restaurant supply food processors. Scope Industries was organized in 1938 and its principal executive offices are located in Santa Monica, California. Scope Industries sold all of the outstanding shares of its wholly owned subsidiary, Scope Beauty Enterprises, Inc., doing business as Marinello Schools of Beauty, to B & H Education, Inc. in March 2004.
Scope Industries Dividend Announcement
• Scope Industries announced a annually dividend of $10.00 per ordinary share which will be made payable on 2024-12-17. Ex dividend date: 2024-11-15
• Scope Industries annual dividend for 2024 was $10.00
• Scope Industries annual dividend for 2023 was $13.00
• Scope Industries's trailing twelve-month (TTM) dividend yield is 4.0%
• Scope Industries's payout ratio for the trailing twelve months (TTM) is 32.16%
• Scope Industries's dividend growth over the last five years (2018-2023) was 21.06% year
Scope Industries Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-15 | $10.00 | annually | 2024-12-17 |
2023-11-16 | $13.00 | annually | 2023-12-19 |
2022-11-14 | $12.00 | annually | 2022-12-16 |
2021-11-12 | $10.00 | annually | 2021-12-16 |
2020-11-12 | $7.00 | annually | 2020-12-16 |
2019-11-14 | $6.00 | annually | 2019-12-19 |
2018-11-15 | $5.00 | annually | 2018-12-19 |
2017-11-16 | $3.50 | annually | 2017-12-20 |
2016-11-16 | $2.50 | annually | 2016-12-20 |
2014-11-12 | $2.50 | annually | 2014-12-16 |
2013-10-29 | $5.00 | annually | 2013-12-11 |
2012-11-28 | $5.00 | annually | 2012-12-21 |
Scope Industries Dividend per year
Scope Industries Dividend growth
Scope Industries Dividend Yield
Scope Industries current trailing twelve-month (TTM) dividend yield is 4.0%. Interested in purchasing Scope Industries stock? Use our calculator to estimate your expected dividend yield:
Scope Industries Financial Ratios
Scope Industries Dividend FAQ
Other factors to consider when evaluating Scope Industries 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: Scope Industries'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, Scope Industries 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, Scope Industries 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 Scope Industries 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: Scope Industries 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, Scope Industries distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Scope Industries 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 Scope Industries'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 Scope Industries'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.