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Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products for industrial, construction, agricultural, and specialty applications in Canada, the United States, and internationally. It offers industrial products, such as pulp and unitizing, recycling wire, chain link, upholstery, low carbon, and shaped wires, as well as straight and cut bars and wirelines for use in the oil industry. The company also provides residential products, including bulk and collated nails, packaged nails and fasteners, and packaged and bulk screws; nail head identification systems; and woven and welded wires, and corners and accessories. In addition, it offers commercial products comprising reinforcing mesh, pipe mesh and flexicage, Rebar tie wire, and engineered structural mesh, concrete reinforcing wires, as well as mine mesh products. Further, the company provides agricultural products consisting of agricultural wire, rolled fencing, fence panels, and fence staples and stay. Tree Island Steel Ltd. markets its products under the Tree Island, Halsteel, True Spec, K-Lath, Stucco-Rite, TI Wire, Tough Strand, and ToughPanel brand names. The company was formerly known as Tree Island Wire Income Fund and changed its name to Tree Island Steel Ltd. in October 2012. Tree Island Steel Ltd. was founded in 1964 and is headquartered in Richmond, Canada.

Tree Island Steel Dividend Announcement

Tree Island Steel announced a quarterly dividend of C$0.03 per ordinary share which will be made payable on 2024-10-15. Ex dividend date: 2024-09-27
Tree Island Steel annual dividend for 2024 was C$0.09
Tree Island Steel annual dividend for 2023 was C$0.16
Tree Island Steel's trailing twelve-month (TTM) dividend yield is 4.21%
Tree Island Steel's payout ratio for the trailing twelve months (TTM) is 298.75%
Tree Island Steel's dividend growth over the last five years (2018-2023) was 14.87% year

Tree Island Steel Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-09-27C$0.03quarterly2024-10-15
2024-06-28C$0.03quarterly2024-07-15
2024-03-27C$0.03quarterly
2023-12-28C$0.03quarterly2024-01-15
2023-09-28C$0.03quarterly2023-10-13
2023-06-29C$0.05quarterly2023-07-14
2023-03-30C$0.05quarterly2023-04-14
2022-12-29C$0.05quarterly2023-01-16
2022-09-28C$0.05quarterly2022-10-14
2022-06-29C$0.05quarterly2022-07-15
2022-03-30C$1.20quarterly2022-04-14
2021-12-30C$0.08quarterly2022-01-14
2021-09-28C$0.08quarterly2021-10-15
2021-06-29C$0.03quarterly2021-07-15
2021-03-30C$0.03quarterly2021-04-15
2020-12-30C$0.02quarterly2021-01-15
2020-09-29C$0.02quarterly2020-10-15
2020-06-29C$0.02quarterly2020-07-15
2020-03-30C$0.02quarterly2020-04-15
2019-12-30C$0.02quarterly2020-01-15
2019-09-27C$0.02quarterly2019-10-15
2019-06-27C$0.02quarterly2019-07-15
2019-03-28C$0.02quarterly2019-04-15
2018-12-28C$0.02quarterly2019-01-15
2018-09-27C$0.02quarterly2018-10-15
2018-06-28C$0.02quarterly2018-07-16
2018-03-28C$0.02quarterly2018-04-16
2017-12-28C$0.02quarterly2018-01-15
2017-09-28C$0.02quarterly2017-10-16
2017-06-28C$0.02quarterly2017-07-14
2017-03-29C$0.02quarterly2017-04-17
2016-12-28C$0.02quarterly2017-01-16
2016-09-28C$0.02quarterly2016-10-14
2016-06-28C$0.02quarterly2016-07-15
2016-03-29C$0.01quarterly2016-04-15
2015-12-29C$0.01quarterly2016-01-15
2015-09-28C$0.01quarterly2015-10-15
2008-12-29C$0.04quarterly2009-01-15
2008-11-26C$0.04quarterly2008-12-15
2008-10-29C$0.08quarterly2008-11-17
2008-09-26C$0.08quarterly2008-10-15
2008-08-27C$0.08quarterly2008-09-15
2008-07-29C$0.08quarterly2008-08-15
2008-06-26C$0.08quarterly2008-07-15
2008-05-28C$0.08quarterly2008-06-16
2008-04-28C$0.08quarterly2008-05-15
2008-03-27C$0.08quarterly2008-04-15
2008-02-27C$0.08quarterly2008-03-14
2008-01-29C$0.08quarterly2008-02-15
2007-12-27C$0.08quarterly2008-01-15
2007-11-28C$0.08quarterly2007-12-14
2007-10-29C$0.08quarterly2007-11-15
2007-09-26C$0.08quarterly2007-10-15
2007-08-29C$0.08quarterly2007-09-14
2007-07-27C$0.08quarterly2007-08-15
2007-06-27C$0.08quarterly2007-07-16
2007-05-29C$0.08quarterly2007-06-15
2007-04-26C$0.08quarterly2007-05-15
2007-03-28C$0.08quarterly2007-04-16
2007-02-26C$0.12quarterly2007-03-15
2007-01-29C$0.12quarterly2007-02-15

Tree Island Steel Dividend per year

Tree Island Steel Dividend growth

Tree Island Steel Dividend Yield

Tree Island Steel current trailing twelve-month (TTM) dividend yield is 4.21%. Interested in purchasing Tree Island Steel stock? Use our calculator to estimate your expected dividend yield:

Tree Island Steel Financial Ratios

P/E ratio59.20
PEG ratio58.92
P/B ratio0.61
ROE1.01%
Payout ratio298.75%
Current ratio5.39
Quick ratio2.68
Cash Ratio0.57

Tree Island Steel Dividend FAQ

How much is the next Tree Island Steel dividend?
Tree Island Steel's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Tree Island Steel dividend. The next Tree Island Steel dividend will be released in March, June, September, or December.
When is Tree Island Steel dividend paid?
Tree Island Steel 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 Tree Island Steel pay?
The specific amount of Tree Island Steel 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 Tree Island Steel's dividend history.
Does Tree Island Steel stock pay dividends?
Yes, Tree Island Steel 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 Tree Island Steel's dividend history.
How much dividend does Tree Island Steel pay?
Tree Island Steel paid C$0.09 in 2024, C$0.16 in 2023, C$1.35 in 2022, C$0.22 in 2021, and C$0.08 in 2020.
How often does Tree Island Steel pay dividends?
Tree Island Steel 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 Tree Island Steel's dividend yield?
The current dividend yield for Tree Island Steel is 4.21%. 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 Tree Island Steel's exact dividend yield.
When does Tree Island Steel go ex dividend?
Tree Island Steel's ex-dividend date for the latest dividend was on 2024-09-27. Tree Island Steel 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 Tree Island Steel dividend paid?
Tree Island Steel pays dividends on a quarterly basis, typically around March, June, September, or December, but the exact dates can vary each year.
Will Tree Island Steel 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 Tree Island Steel 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 Tree Island Steel dividend per share?
Tree Island Steel paid C$0.09 per share in 2024 and C$0.16 per share in 2023. The amount of dividend per share that Tree Island Steel 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 Tree Island Steel 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 Tree Island Steel 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 Tree Island Steel a dividend stock?
Yes, Tree Island Steel is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Tree Island Steel a good dividend stock?
Whether Tree Island Steel is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Tree Island Steel has a history of paying regular dividends, which can make it attractive to income-focused investors.

Other factors to consider when evaluating Tree Island Steel 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 Tree Island Steel pay dividends monthly?
Tree Island Steel typically pays dividends on a quarterly basis.
Does Tree Island Steel pay dividends quarterly?
Tree Island Steel currently pays dividends on a quarterly basis.
Has Tree Island Steel ever paid a dividend?
Yes, Tree Island Steel has a history of paying dividends to its shareholders. Tree Island Steel is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Tree Island Steel dividend stocks?
To buy Tree Island Steel 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 Tree Island Steel 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 Tree Island Steel pay dividends 2024?
Tree Island Steel pays dividends on a quarterly basis. 2024 dividend payments are in 2024-10-15. 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 Tree Island Steel increase its dividend in 2024?
Decisions regarding Tree Island Steel 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 Tree Island Steel dividend overview you can look into the above table of dividend history.
How Tree Island Steel dividend works?
The Tree Island Steel 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 Tree Island Steel's dividend process works:

1. Determination of Dividend: Tree Island Steel'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, Tree Island Steel 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, Tree Island Steel 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 Tree Island Steel 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 Tree Island Steel dividends paid?
Tree Island Steel dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

1. Record Date: Tree Island Steel 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, Tree Island Steel distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.

3. Currency: Tree Island Steel 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 Tree Island Steel pay dividends?
Tree Island Steel 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 Tree Island Steel pay dividends?
The general pattern is that Tree Island Steel 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 Tree Island Steel dividend safe?
The safety of Tree Island Steel'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 Tree Island Steel'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 Tree Island Steel'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.