Dividends per share have grown at approximately 2.3% per year over this time.Slow and steady dividend growth might not sound that exciting, but dividends have been stable for ten years, which we think is seriously impressive.Companies (usually) pay dividends out of their earnings. Atlas paid out 80% of its profit as dividends, over the trailing twelve month period. Not only is your income cut, but the value of your investment declines as well – nasty. View real-time stock prices and stock quotes for a full financial overview. For the purpose of this article, we only scrutinise the last decade of Atlas’ dividend payments.
ATCO Dividend History & Description — Atlas Corp. Seaspan is an independent charter owner and manager of containerships, which it charters primarily pursuant to long-term, fixed-rate time charters with container liner companies. So we need to form a view on if a company’s dividend is sustainable, relative to its net profit after tax. Interest cover of 2.44 times its interest expense is starting to become a concern for Atlas, and be aware that lenders may place additional restrictions on the company as well.While dividend payments have been relatively reliable, it would also be nice if earnings per share (EPS) were growing, as this is essential to maintaining the dividend’s purchasing power over the long term. By doing so, you and %USER_NAME% will not be able to seeany of each other's Investing.com's posts.Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Are you sure you want to block %USER_NAME%? Judicious use of debt can enhance shareholder returns, but also adds to the risk if something goes awry.Another important check we do is to see if the free cash flow generated is sufficient to pay the dividend. Find the latest ATCO LTD., CL.I, NV (ACO-X.TO) stock quote, history, news and other vital information to help you with your stock trading and investing.
Atco (OTCPK:ACLLF): Q2 Non-GAAP EPS of C$0.61; GAAP EPS of C$0.39. Atlas Corp. (ATCO) Dividend Growth History: By month or year. It’s paying out most of its earnings, which limits the amount that can be reinvested in the business. Atlas (ATCO - Free Report) is currently shelling out a dividend of $0.13 per share, with a dividend yield of 6.88%. In summary, Atlas has a number of shortcomings that we’d find it hard to get past. Without some improvement, this does not bode well for the long term value of a company’s dividend.As Atlas has a meaningful amount of debt, we need to check its balance sheet to see if the company might have debt risks. A quick check of its financial situation can be done with two ratios: net debt divided by EBITDA (earnings before interest, tax, depreciation and amortisation), and net interest cover. Atlas gets a pass on its dividend payout ratio, but it paid out virtually all of its cash flow as dividends.
If a company is paying more than it earns, the dividend might have to be cut. In the last five years, Atlas’ earnings per share have shrunk at approximately 4.9% per annum. Atlas has net debt of 4.71 times its EBITDA, which is getting towards the limit of most investors’ comfort zones. While the dividends have been fairly steady, we’d wonder for how much longer this will be sustainable if earnings continue to decline. Dividend history includes: Declare date, ex-div, record, pay, frequency, amount. Atlas paid out 91% of its free cash flow last year, suggesting the dividend is poorly covered by cash flow. Declining earnings per share over a number of years is not a great sign for the dividend investor.