Bird Construction Inc. has announced a scheduled dividend payment of CA$0.0358 per share for December 20th, reflecting a yield of 3.6%. This move is expected to enhance investor returns significantly, backed by the company's solid earnings. The construction firm has a track record of consistent dividends, and the current payout is well-covered by substantial earnings, which are also being channeled into business expansion.
Despite a downward trend in dividends since 2013, where annual payments have decreased from CA$0.76 to CA$0.43, shrinking at an average rate of 5.5% each year, the outlook for Bird Construction's dividends looks promising. This optimism is based on the company's strong earnings per share (EPS) growth rate of 38% annually over the past five years. Moreover, an impressive forecast suggests a 60.5% rise in EPS for the coming year.
The combination of robust EPS growth and a low expected payout ratio of 21% positions Bird Construction to potentially increase its dividend payouts moving forward. This financial strategy demonstrates the company's commitment to delivering value to its shareholders while maintaining a sustainable dividend policy.
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