Converge Technology Solutions (CTS.TO) Dividends
Market Cap: $1.03B
Avg Volume: 1.41M
Industry: Information Technology Services
Sector: Technology
Dividend Overview
Converge Technology Solutions (CTS.TO) pays a dividend to its shareholders. Here are the key details:
Dividend Basics
- Annual Dividend per Share: $0.06
- Ex-Dividend Date: December 10, 2024
- Total Dividends Paid (Last Year): $10.78M
Dividend Metrics
- Dividend Yield: 1.67%
- Payout Ratio: -6.06%
- Dividend Growth (YoY): -75.06%
Dividend Yield
1.67%
Dividend Payout Ratio
-6.06%
Dividend Paid & Capex Coverage Ratio
22.05x
Converge Technology Solutions pays an annual dividend of $0.06 per share. This means that for each share you own, you'll receive $0.06 in dividends over the course of a year, typically paid in quarterly installments.
The most recent ex-dividend date was December 10, 2024. Ex-dividend dates are typically announced in advance of each dividend payment. If you purchase the stock before the ex-dividend date, you'll be eligible for the upcoming dividend payment.
In the last fiscal year, Converge Technology Solutions paid a total of $10.78M in dividends to its shareholders. This substantial amount underscores the company's commitment to returning value to its investors.
Currently, Converge Technology Solutions's dividend yield stands at 1.67%. To put this in perspective, if you invest $100 in Converge Technology Solutions's stock at the current price, you can expect to receive approximately $1.67 in annual dividend income.
The company's dividend payout ratio is -6.06%. This means that Converge Technology Solutions is distributing -6.06% of its earnings to shareholders as dividends, while retaining the rest for reinvestment, debt reduction, or other corporate purposes.
Compared to the previous year, Converge Technology Solutions's dividend has decreased by -75.06%. This decrease may differ from the growth in dividends per share if the number of outstanding shares has changed.
Dividend History and Growth
Converge Technology Solutions (CTS.TO) dividend payments have grown -75.06% over the past year
Note: This growth rate represents the year-over-year growth in total dividends paid by the company, which may differ from the growth in dividends per share if the number of outstanding shares has changed.
Converge Technology Solutions Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.015 | $0.015 | December 10, 2024 | December 10, 2024 | December 27, 2024 | |
| $0.015 | $0.015 | August 27, 2024 | August 27, 2024 | September 10, 2024 | |
| $0.015 | $0.015 | May 22, 2024 | |||
| $0.01 | $0.01 | March 11, 2024 | |||
| $0.01 | $0.01 | December 12, 2023 | December 13, 2023 | December 28, 2023 | December 12, 2023 |
| $0.01 | $0.01 | September 07, 2023 | September 08, 2023 | September 22, 2023 | September 07, 2023 |
| $0.01 | $0.01 | June 08, 2023 | June 09, 2023 | June 16, 2023 | June 08, 2023 |