ZoomerMedia Limited operates as a multimedia company in Canada. The company operates through five segments: Television, Radio, Print, Royalty, and Other Operations. It is involved in the business of television, radio, magazine, Internet, conferences, and trade shows primarily for the 45 plus age group. The company's television properties include Vision TV, a multi-cultural and multi-faith specialty television service; ONE TV, which offers fitness, healthy living, and entertainment programs; JoyTV and Faith TV, channels for broadcasting Christian and local programming; and TVL Channel 5, a linear television channel guide available to households. It also operates various radio stations, such as CFMZ-FM Toronto and CFMX-FM Cobourg; CFMO-FM Collingwood; CFZM-AM 740 Toronto and CFZM-FM 96.7FM Toronto Zoomer Radio; and Toronto's Timeless Hits station. In addition, the company publishes Zoomer magazine; and On The Bay Magazine, a regional lifestyle magazine published quarterly for the 20 towns and villages of Southern Georgian By, Ontario, as well as Tonic magazine, a regional health and wellness magazine published for every two months and distributed in Toronto. Further, it provides online content services targeting the 45plus age group primarily through EverythingZoomer.com and blogTO.com, as well as CARP.ca, VisionTV.ca, ZoomerRadio.ca, and ClassicalFM.ca. Additionally, the company produces ZoomerShows, an annual consumer shows directed to the Zoomer demographic; and ideaCity, an annual Canadian conference. ZoomerMedia Limited was founded in 2008 and is based in Toronto, Canada.
ZoomerMedia Dividend Announcement
• ZoomerMedia announced a annually dividend of C$0.00 per ordinary share which will be made payable on 2024-01-23. Ex dividend date: 2023-12-28
• ZoomerMedia annual dividend for 2023 was C$0.00
• ZoomerMedia's trailing twelve-month (TTM) dividend yield is 4.0%
• ZoomerMedia's payout ratio for the trailing twelve months (TTM) is -64.15%
ZoomerMedia Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2023-12-28 | C$0.00 | annually | 2024-01-23 |
2022-12-15 | C$0.00 | annually | 2023-01-09 |
2021-12-09 | C$0.00 | annually | 2021-12-30 |
2021-08-17 | C$0.00 | annually | 2021-09-02 |
ZoomerMedia Dividend per year
ZoomerMedia Dividend growth
ZoomerMedia Dividend Yield
ZoomerMedia current trailing twelve-month (TTM) dividend yield is 4.0%. Interested in purchasing ZoomerMedia stock? Use our calculator to estimate your expected dividend yield:
ZoomerMedia Financial Ratios
ZoomerMedia Dividend FAQ
Other factors to consider when evaluating ZoomerMedia 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: ZoomerMedia'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, ZoomerMedia 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, ZoomerMedia 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 ZoomerMedia 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: ZoomerMedia 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, ZoomerMedia distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: ZoomerMedia 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 ZoomerMedia'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 ZoomerMedia'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.