Converge Technology Solutions (CTSDF) Dividends
Market Cap: $814.22M
Avg Volume: 144.29K
Industry: Information Technology Services
Sector: Technology
Dividend Overview
Converge Technology Solutions (CTSDF) pays a quarterly dividend to its shareholders. The current dividend yield is 1.64%, which means that for every $100 invested at the current price, investors would receive approximately $1.64 in dividends per year (this can change based on future dividend payments and price movements).
About CTSDF's Dividend
Converge Technology Solutions pays a quarterly dividend of $0.01 per share, which totals $0.03 annually. This means that for each share you own, you'll receive $0.03 in dividends over the course of a year, distributed across four quarterly payments.
The most recent ex-dividend date was December 10, 2024. If you purchase the stock before its ex-dividend date, you'll be eligible for the upcoming dividend payment.
Converge Technology Solutions's payout ratio is -0.06% which means that -0.06% of the company's earnings are paid out as dividends. A low payout ratio indicates that the company has a strong financial position and can invest in growth opportunities, while maintaining room to increase dividends in the future.
Converge Technology Solutions's dividend has decreased by -0.75% over the past year. A decrease in dividends can occur for various reasons, including changes in financial situation or strategic priorities.
CTSDF Dividend History
| Dividend | Yield | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.0105705 | 1.64% | December 10, 2024 | December 10, 2024 | December 27, 2024 | |
| $0.0111525 | 1.03% | August 27, 2024 | August 27, 2024 | September 10, 2024 | |
| $0.01095 | 0.88% | May 22, 2024 | May 23, 2024 | June 06, 2024 | |
| $0.0074 | 0.54% | March 11, 2024 | March 12, 2024 | March 26, 2024 | March 08, 2024 |
| $0.007354 | 0.47% | December 12, 2023 | December 13, 2023 | December 28, 2023 | December 07, 2023 |
| $0.007307 | 0.35% | September 07, 2023 | September 08, 2023 | September 22, 2023 | September 01, 2023 |
| $0.0074841 | 0.29% | June 08, 2023 | June 09, 2023 | June 16, 2023 | June 02, 2023 |
Dividend Growth
Converge Technology Solutions (CTSDF) dividend payments have decreased -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.
Dividend Safety
Dividend safety refers to the ability of a company to continue paying its dividends to shareholders without interruption or reduction. A company with a high level of dividend safety is generally considered to have a strong financial position, with a consistent history of paying dividends and a low risk of default.
Key Safety Indicators for CTSDF
- Dividend Payout Ratio: -0.06% Low risk
- Dividend & Capex Coverage Ratio: 22.05x Strong coverage
- Dividend Frequency: Quarterly
- Recent Dividend Growth: -0.75% Negative
What These Indicators Mean
A low payout ratio (typically less than 60%) indicates that a company has enough earnings to pay dividends and retain earnings to reinvest in the business. Converge Technology Solutions's payout ratio is -0.06% , which is very conservative and suggests strong dividend sustainability.
The Dividend & Capex Coverage Ratio of 22.05x indicates how well the company can cover both its dividend payments and capital expenditures from operating cash flows. This strong ratio above 1.5x indicates Converge Technology Solutions can comfortably cover its dividends and necessary investments from its operating cash flow.
Converge Technology Solutions's quarterly dividend structure is the most common among dividend-paying companies, providing a balance between regular income for investors and financial flexibility for the company.
Converge Technology Solutions's dividend growth rate of -0.75% is negative, which may signal financial challenges or a shift in capital allocation priorities.
It is worth noting that dividend safety can change over time based on a company's financial performance, industry conditions, and management decisions. Regular monitoring of these metrics is recommended for dividend-focused investors.