Table of Contents

company-logo

Summit Materials, Inc., through its subsidiaries, produces and sells construction materials and related downstream products for the public infrastructure, and residential and nonresidential end markets. It operates through three segments: West, East, and Cement. The company's products include aggregates, cement, ready-mix concrete, asphalt paving mixes, and concrete products, as well as plastics components. It also provides asphalt paving and related services to the private and public infrastructure sectors. In addition, the company operates municipal waste, construction, and demolition debris landfills; and liquid asphalt terminals. It has operations in the United States; and in British Columbia, Canada. The company was founded in 2009 and is headquartered in Denver, Colorado.

Summit Materials Dividend Announcement

• Summit Materials announced a semi annually dividend of $1.70 per ordinary share which will be made payable on . Ex dividend date: 2022-12-29
• Summit Materials's trailing twelve-month (TTM) dividend yield is -%
• Summit Materials's payout ratio for the trailing twelve months (TTM) is 0.28%

Summit Materials Dividend History

Ex-Div dateDividend amountDividend typePay date
2022-12-29$1.70semi annually
2022-12-14$0.02semi annually2022-12-29

Summit Materials Dividend per year

Summit Materials Dividend Yield

Summit Materials current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Summit Materials stock? Use our calculator to estimate your expected dividend yield:

Summit Materials Financial Ratios

P/E ratio59.71
PEG ratio0.70
P/B ratio1.98
ROE3.85%
Payout ratio0.28%
Current ratio3.10
Quick ratio2.48
Cash Ratio1.33

Summit Materials Dividend FAQ

Does Summit Materials stock pay dividends?
Summit Materials does not currently pay dividends to its shareholders.
Has Summit Materials ever paid a dividend?
No, Summit Materials has no a history of paying dividends to its shareholders. Summit Materials is not known for its dividend payments.
Why doesn't Summit Materials pay dividends?
There are several potential reasons why Summit Materials would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Summit Materials ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Summit Materials has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Summit Materials a dividend aristocrat?
Summit Materials is not considered a Dividend Aristocrat. 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 Summit Materials a dividend king?
Summit Materials is not classified as a "Dividend King". 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 Summit Materials a dividend stock?
No, Summit Materials is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Summit Materials stocks?
To buy Summit Materials 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 and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Summit Materials 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.