Latest news with #Sisyphus
Yahoo
3 days ago
- Business
- Yahoo
National Bank of Canada (TSE:NA) Is Increasing Its Dividend To CA$1.18
The board of National Bank of Canada (TSE:NA) has announced that it will be paying its dividend of CA$1.18 on the 1st of August, an increased payment from last year's comparable dividend. Although the dividend is now higher, the yield is only 3.5%, which is below the industry average. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. While yield is important, another factor to consider about a company's dividend is whether the current payout levels are feasible. Having distributed dividends for at least 10 years, National Bank of Canada has a long history of paying out a part of its earnings to shareholders. Taking data from its last earnings report, calculating for the company's payout ratio shows 42%, which means that National Bank of Canada would be able to pay its last dividend without pressure on the balance sheet. Over the next 3 years, EPS is forecast to expand by 9.4%. Analysts estimate the future payout ratio will be 44% over the same time period, which is in the range that makes us comfortable with the sustainability of the dividend. See our latest analysis for National Bank of Canada The company has a sustained record of paying dividends with very little fluctuation. The annual payment during the last 10 years was CA$1.92 in 2015, and the most recent fiscal year payment was CA$4.72. This works out to be a compound annual growth rate (CAGR) of approximately 9.4% a year over that time. The dividend has been growing very nicely for a number of years, and has given its shareholders some nice income in their portfolios. Investors could be attracted to the stock based on the quality of its payment history. We are encouraged to see that National Bank of Canada has grown earnings per share at 9.4% per year over the past five years. Earnings are on the uptrend, and it is only paying a small portion of those earnings to shareholders. We should note that National Bank of Canada has issued stock equal to 15% of shares outstanding. Trying to grow the dividend when issuing new shares reminds us of the ancient Greek tale of Sisyphus - perpetually pushing a boulder uphill. Companies that consistently issue new shares are often suboptimal from a dividend perspective. Overall, a dividend increase is always good, and we think that National Bank of Canada is a strong income stock thanks to its track record and growing earnings. Earnings are easily covering distributions, and the company is generating plenty of cash. Taking this all into consideration, this looks like it could be a good dividend opportunity. It's important to note that companies having a consistent dividend policy will generate greater investor confidence than those having an erratic one. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. Taking the debate a bit further, we've identified 1 warning sign for National Bank of Canada that investors need to be conscious of moving forward. If you are a dividend investor, you might also want to look at our curated list of high yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
3 days ago
- Business
- Yahoo
Old National Bancorp (NASDAQ:ONB) Has Affirmed Its Dividend Of $0.14
The board of Old National Bancorp (NASDAQ:ONB) has announced that it will pay a dividend on the 16th of June, with investors receiving $0.14 per share. This payment means that the dividend yield will be 2.7%, which is around the industry average. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Unless the payments are sustainable, the dividend yield doesn't mean too much. Having distributed dividends for at least 10 years, Old National Bancorp has a long history of paying out a part of its earnings to shareholders. Past distributions do not necessarily guarantee future ones, but Old National Bancorp's payout ratio of 32% is a good sign as this means that earnings decently cover dividends. Over the next 3 years, EPS is forecast to expand by 69.0%. Analysts forecast the future payout ratio could be 21% over the same time horizon, which is a number we think the company can maintain. Check out our latest analysis for Old National Bancorp The company has been paying a dividend for a long time, and it has been quite stable which gives us confidence in the future dividend potential. The dividend has gone from an annual total of $0.44 in 2015 to the most recent total annual payment of $0.56. This means that it has been growing its distributions at 2.4% per annum over that time. Although we can't deny that the dividend has been remarkably stable in the past, the growth has been pretty muted. The company's investors will be pleased to have been receiving dividend income for some time. Earnings have grown at around 4.2% a year for the past five years, which isn't massive but still better than seeing them shrink. If Old National Bancorp is struggling to find viable investments, it always has the option to increase its payout ratio to pay more to shareholders. We should note that Old National Bancorp has issued stock equal to 16% of shares outstanding. Trying to grow the dividend when issuing new shares reminds us of the ancient Greek tale of Sisyphus - perpetually pushing a boulder uphill. Companies that consistently issue new shares are often suboptimal from a dividend perspective. In summary, it is good to see that the dividend is staying consistent, and we don't think there is any reason to suspect this might change over the medium term. Distributions are quite easily covered by earnings, which are also being converted to cash flows. All of these factors considered, we think this has solid potential as a dividend stock. Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. For instance, we've picked out 2 warning signs for Old National Bancorp that investors should take into consideration. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
28-05-2025
- Business
- Yahoo
Elders (ASX:ELD) Is Paying Out A Dividend Of A$0.18
Elders Limited (ASX:ELD) will pay a dividend of A$0.18 on the 27th of June. Based on this payment, the dividend yield on the company's stock will be 5.8%, which is an attractive boost to shareholder returns. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. While it is great to have a strong dividend yield, we should also consider whether the payment is sustainable. At the time of the last dividend payment, Elders was paying out a very large proportion of what it was earning and 347% of cash flows. Paying out such a high proportion of cash flows certainly exposes the company to cutting the dividend if cash flows were to reduce. Over the next year, EPS is forecast to expand by 65.6%. Under the assumption that the dividend will continue along recent trends, we think the payout ratio could be 71% which would be quite comfortable going to take the dividend forward. See our latest analysis for Elders Even in its relatively short history, the company has reduced the dividend at least once. This suggests that the dividend might not be the most reliable. Since 2017, the dividend has gone from A$0.075 total annually to A$0.36. This implies that the company grew its distributions at a yearly rate of about 22% over that duration. Dividends have grown rapidly over this time, but with cuts in the past we are not certain that this stock will be a reliable source of income in the future. With a relatively unstable dividend, it's even more important to see if earnings per share is growing. Earnings per share has been sinking by 13% over the last five years. A sharp decline in earnings per share is not great from from a dividend perspective. Even conservative payout ratios can come under pressure if earnings fall far enough. It's not all bad news though, as the earnings are predicted to rise over the next 12 months - we would just be a bit cautious until this becomes a long term trend. We should note that Elders has issued stock equal to 21% of shares outstanding. Trying to grow the dividend when issuing new shares reminds us of the ancient Greek tale of Sisyphus - perpetually pushing a boulder uphill. Companies that consistently issue new shares are often suboptimal from a dividend perspective. In summary, while it's good to see that the dividend hasn't been cut, we are a bit cautious about Elders' payments, as there could be some issues with sustaining them into the future. The payments are bit high to be considered sustainable, and the track record isn't the best. Overall, we don't think this company has the makings of a good income stock. Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. Case in point: We've spotted 3 warning signs for Elders (of which 1 makes us a bit uncomfortable!) you should know about. If you are a dividend investor, you might also want to look at our curated list of high yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
28-05-2025
- Entertainment
Music Review: The rock band Garbage are defiant on new album, 'Let All That We Imagine Be the Light'
Buzz-saw guitars, dense synthesizers and throbbing percussion can sometimes brighten the mood. That's the goal of the new album from the American rock band Garbage, 'Let All That We Imagine Be the Light.' Due for release Friday, it's the sound of frontwoman Shirley Manson pushed to the brink by health issues and the fury of our times. The band's familiar sonic mix provides a pathway out of the darkness, with heavy riffing and dramatic atmospherics accompanying Manson's alluring alto. 'This is a cold cruel world,' she sings on the crunchy 'Love to Give.' 'You've gotta find the love where you can get it.' The album is Garbage's eighth and the first since 2021's 'No Gods No Masters.' The genesis came last August, when Manson aggravated an old hip injury, abruptly ending the band's world tour. The other members of the group – Butch Vig, Duke Erikson and Steve Marker – retreated to the studio and began work on new music. Manson added lyrics that lament fatalism, ageism and sexism, acknowledge vulnerability and mortality, and seek to embrace joy, love and empowerment. That's a lot, which may be why there's a song titled 'Sisyphus.' The sonics are formidable, too. A mix that echoes the Shangri-Las, Patti Smith and Evanescence helps to leaven the occasional overripe lyric, such as, 'There is no future that can't be designed/With imagination and a beautiful mind," in the title track. Most of the material is less New Age-y, and there's a fascinating desperation in Manson's positivity. 'Chinese Fire Horse,' for example, becomes a punky, Gen X, age-defying fist-pumper. 'But I've still got the power in my brain and my body/I'll take no (expletive) from you,' she sings. Manson sounds just as defiant singing about a love triangle on 'Have We Met (The Void),' or mourning in America on 'There's No Future in Optimism.' The album peaks on the backside with the back-to-back cuts 'Get Out My Face AKA Bad Kitty,' a battle cry in the gender war, and 'R U Happy Now,' a ferocious post-election rant. Then comes the closer, 'The Day That I Met God,' a weird and whimsical benedictory mix of horns, strings, faith, pain management and more. Hope and uplift can sound good loud.
San Francisco Chronicle
28-05-2025
- Entertainment
- San Francisco Chronicle
Music Review: The rock band Garbage are defiant on new album, 'Let All That We Imagine Be the Light'
Buzz-saw guitars, dense synthesizers and throbbing percussion can sometimes brighten the mood. That's the goal of the new album from the American rock band Garbage, 'Let All That We Imagine Be the Light.' Due for release Friday, it's the sound of frontwoman Shirley Manson pushed to the brink by health issues and the fury of our times. The band's familiar sonic mix provides a pathway out of the darkness, with heavy riffing and dramatic atmospherics accompanying Manson's alluring alto. 'This is a cold cruel world,' she sings on the crunchy 'Love to Give.' 'You've gotta find the love where you can get it.' The album is Garbage's eighth and the first since 2021's 'No Gods No Masters.' The genesis came last August, when Manson aggravated an old hip injury, abruptly ending the band's world tour. The other members of the group – Butch Vig, Duke Erikson and Steve Marker – retreated to the studio and began work on new music. Manson added lyrics that lament fatalism, ageism and sexism, acknowledge vulnerability and mortality, and seek to embrace joy, love and empowerment. That's a lot, which may be why there's a song titled 'Sisyphus.' The sonics are formidable, too. A mix that echoes the Shangri-Las,Patti Smith and Evanescence helps to leaven the occasional overripe lyric, such as, 'There is no future that can't be designed/With imagination and a beautiful mind," in the title track. Most of the material is less New Age-y, and there's a fascinating desperation in Manson's positivity. 'Chinese Fire Horse,' for example, becomes a punky, Gen X, age-defying fist-pumper. 'But I've still got the power in my brain and my body/I'll take no (expletive) from you,' she sings. Manson sounds just as defiant singing about a love triangle on 'Have We Met (The Void),' or mourning in America on 'There's No Future in Optimism.' The album peaks on the backside with the back-to-back cuts 'Get Out My Face AKA Bad Kitty,' a battle cry in the gender war, and 'R U Happy Now,' a ferocious post-election rant. Then comes the closer, 'The Day That I Met God,' a weird and whimsical benedictory mix of horns, strings, faith, pain management and more. Hope and uplift can sound good loud.
