Addressing Performance Concerns: MiX Telematics Manages Decreased Earnings and Adjusts Dividends
On December 14, 2023, MiX Telematics (NYSE:MIXT) will distribute a dividend payout of $0.05 per share, equating to an annualized dividend yield of 3.54%. Shareholders who owned the stock before the ex-dividend date on November 30, 2023 will receive this payout.
MiX Telematics Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-11-30 | 4 | $0.05 | 3.54% | 2023-11-08 | 2023-12-01 | 2023-12-14 |
| 2023-08-24 | 4 | $0.06 | 3.68% | 2023-08-02 | 2023-08-25 | 2023-09-07 |
| 2023-06-15 | 4 | $0.06 | 3.15% | 2023-05-25 | 2023-06-16 | 2023-06-29 |
| 2023-02-16 | 4 | $0.06 | 3.32% | 2023-01-26 | 2023-02-17 | 2023-03-02 |
| 2022-11-17 | 4 | $0.06 | 2.57% | 2022-10-27 | 2022-11-18 | 2022-12-01 |
| 2022-08-18 | 4 | $0.06 | 3.33% | 2022-07-28 | 2022-08-19 | 2022-09-01 |
| 2022-06-16 | 4 | $0.06 | 2.52% | 2022-05-26 | 2022-06-17 | 2022-06-30 |
| 2022-02-24 | 4 | $0.07 | 2.13% | 2022-02-03 | 2022-02-25 | 2022-03-03 |
| 2021-11-18 | 4 | $0.07 | 2.05% | 2021-10-28 | 2021-11-19 | 2021-12-02 |
| 2021-08-19 | 4 | $0.07 | 1.99% | 2021-07-29 | 2021-08-20 | 2021-09-02 |
| 2021-06-17 | 4 | $0.06 | 1.38% | 2021-06-08 | 2021-06-18 | 2021-07-01 |
| 2021-02-18 | 4 | $0.05 | 1.46% | 2021-01-28 | 2021-02-19 | 2021-03-04 |
Analyzing MiX Telematics Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
The company experienced a decrease in dividend per share from 2019 to 2022, with the dividend per share decreasing from $0.26 to $0.24. This decline in dividends is concerning for investors and demands further analysis to determine the contributing factors.
YoY Earnings Growth For MiX Telematics
The earnings chart above reveals a decrease in MiX Telematics's earnings per share, declining from $0.81 in 2019 to $0.28 in 2022. This could raise concerns for income-seeking investors, as it suggests a decline in the company's profitability. It is crucial to closely monitor the situation and assess the factors contributing to this decrease, as it may have implications for future cash dividend payouts.
Recap
In this article, we delve into MiX Telematics's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.05 per share today, resulting in an annualized dividend yield of 3.54%.
Given that MiX Telematics has experienced a decrease in dividend per share from 2019 to 2022 along with a decrease in earnings per share, it could indicate that the company is facing challenges in its financial standing, and there may be limitations in continuing to distribute profits to their investors at the same level.
It is essential for investors to closely track the company's performance in the coming quarters to remain updated regarding any alterations in financials or dividend disbursements.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.