TimkenSteel (TMST) Dividends
Market Cap: $895.35M
Avg Volume: 254.47K
Industry: Steel
Sector: Basic Materials
Dividend Overview
TimkenSteel (TMST) pays a quarterly dividend to its shareholders. The current dividend yield is 3.74%, which means that for every $100 invested at the current price, investors would receive approximately $3.74 in dividends per year (this can change based on future dividend payments and price movements).
About TMST's Dividend
TimkenSteel pays a quarterly dividend of $0.18 per share, which totals $0.70 annually. This means that for each share you own, you'll receive $0.70 in dividends over the course of a year, distributed across four quarterly payments.
The most recent ex-dividend date was August 25, 2015. If you purchase the stock before its ex-dividend date, you'll be eligible for the upcoming dividend payment.
TMST Dividend History
| Dividend | Yield | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.14 | 3.74% | August 25, 2015 | August 27, 2015 | September 10, 2015 | August 12, 2015 |
| $0.14 | 1.31% | May 19, 2015 | May 21, 2015 | June 04, 2015 | May 07, 2015 |
| $0.14 | 0.94% | February 11, 2015 | February 13, 2015 | February 27, 2015 | January 30, 2015 |
| $0.14 | 0.39% | November 20, 2014 | November 24, 2014 | December 05, 2014 | November 12, 2014 |
| $0.14 | 0.29% | August 18, 2014 | August 20, 2014 | September 04, 2014 | August 06, 2014 |
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 TMST
- Dividend & Capex Coverage Ratio: 0.63x Weak coverage
- Dividend Frequency: Quarterly
What These Indicators Mean
The Dividend & Capex Coverage Ratio of 0.63x indicates how well the company can cover both its dividend payments and capital expenditures from operating cash flows. This ratio below 1.0x indicates TimkenSteel may need to use cash reserves or debt to fund dividends and investments, which could be unsustainable long-term.
TimkenSteel'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.
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.