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 3.88%
• Tree Island Steel's payout ratio for the trailing twelve months (TTM) is -129.13%
• Tree Island Steel's dividend growth over the last five years (2018-2023) was 14.87% year
Tree Island Steel Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-27 | C$0.03 | quarterly | 2024-10-15 |
2024-06-28 | C$0.03 | quarterly | 2024-07-15 |
2024-03-27 | C$0.03 | quarterly | |
2023-12-28 | C$0.03 | quarterly | 2024-01-15 |
2023-09-28 | C$0.03 | quarterly | 2023-10-13 |
2023-06-29 | C$0.05 | quarterly | 2023-07-14 |
2023-03-30 | C$0.05 | quarterly | 2023-04-14 |
2022-12-29 | C$0.05 | quarterly | 2023-01-16 |
2022-09-28 | C$0.05 | quarterly | 2022-10-14 |
2022-06-29 | C$0.05 | quarterly | 2022-07-15 |
2022-03-30 | C$1.20 | quarterly | 2022-04-14 |
2021-12-30 | C$0.08 | quarterly | 2022-01-14 |
2021-09-28 | C$0.08 | quarterly | 2021-10-15 |
2021-06-29 | C$0.03 | quarterly | 2021-07-15 |
2021-03-30 | C$0.03 | quarterly | 2021-04-15 |
2020-12-30 | C$0.02 | quarterly | 2021-01-15 |
2020-09-29 | C$0.02 | quarterly | 2020-10-15 |
2020-06-29 | C$0.02 | quarterly | 2020-07-15 |
2020-03-30 | C$0.02 | quarterly | 2020-04-15 |
2019-12-30 | C$0.02 | quarterly | 2020-01-15 |
2019-09-27 | C$0.02 | quarterly | 2019-10-15 |
2019-06-27 | C$0.02 | quarterly | 2019-07-15 |
2019-03-28 | C$0.02 | quarterly | 2019-04-15 |
2018-12-28 | C$0.02 | quarterly | 2019-01-15 |
2018-09-27 | C$0.02 | quarterly | 2018-10-15 |
2018-06-28 | C$0.02 | quarterly | 2018-07-16 |
2018-03-28 | C$0.02 | quarterly | 2018-04-16 |
2017-12-28 | C$0.02 | quarterly | 2018-01-15 |
2017-09-28 | C$0.02 | quarterly | 2017-10-16 |
2017-06-28 | C$0.02 | quarterly | 2017-07-14 |
2017-03-29 | C$0.02 | quarterly | 2017-04-17 |
2016-12-28 | C$0.02 | quarterly | 2017-01-16 |
2016-09-28 | C$0.02 | quarterly | 2016-10-14 |
2016-06-28 | C$0.02 | quarterly | 2016-07-15 |
2016-03-29 | C$0.01 | quarterly | 2016-04-15 |
2015-12-29 | C$0.01 | quarterly | 2016-01-15 |
2015-09-28 | C$0.01 | quarterly | 2015-10-15 |
2008-12-29 | C$0.04 | quarterly | 2009-01-15 |
2008-11-26 | C$0.04 | quarterly | 2008-12-15 |
2008-10-29 | C$0.08 | quarterly | 2008-11-17 |
2008-09-26 | C$0.08 | quarterly | 2008-10-15 |
2008-08-27 | C$0.08 | quarterly | 2008-09-15 |
2008-07-29 | C$0.08 | quarterly | 2008-08-15 |
2008-06-26 | C$0.08 | quarterly | 2008-07-15 |
2008-05-28 | C$0.08 | quarterly | 2008-06-16 |
2008-04-28 | C$0.08 | quarterly | 2008-05-15 |
2008-03-27 | C$0.08 | quarterly | 2008-04-15 |
2008-02-27 | C$0.08 | quarterly | 2008-03-14 |
2008-01-29 | C$0.08 | quarterly | 2008-02-15 |
2007-12-27 | C$0.08 | quarterly | 2008-01-15 |
2007-11-28 | C$0.08 | quarterly | 2007-12-14 |
2007-10-29 | C$0.08 | quarterly | 2007-11-15 |
2007-09-26 | C$0.08 | quarterly | 2007-10-15 |
2007-08-29 | C$0.08 | quarterly | 2007-09-14 |
2007-07-27 | C$0.08 | quarterly | 2007-08-15 |
2007-06-27 | C$0.08 | quarterly | 2007-07-16 |
2007-05-29 | C$0.08 | quarterly | 2007-06-15 |
2007-04-26 | C$0.08 | quarterly | 2007-05-15 |
2007-03-28 | C$0.08 | quarterly | 2007-04-16 |
2007-02-26 | C$0.12 | quarterly | 2007-03-15 |
2007-01-29 | C$0.12 | quarterly | 2007-02-15 |
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 3.88%. Interested in purchasing Tree Island Steel stock? Use our calculator to estimate your expected dividend yield:
Tree Island Steel Financial Ratios
Tree Island Steel Dividend FAQ
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.
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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.
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.
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.