Enhancing Value: Kennametal Supports Investors with Growing Earnings
Investors eagerly anticipate the dividend payout from Kennametal (NYSE:KMT) on February 27, 2024. With a payout of $0.20 per share and an annualized dividend yield of 3.16%, this reward is exclusively for shareholders who held the stock before the ex-dividend date on February 12, 2024
Kennametal Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-02-12 | 4 | $0.2 | 3.16% | 2024-01-30 | 2024-02-13 | 2024-02-27 |
| 2023-11-06 | 4 | $0.2 | 3.53% | 2023-10-24 | 2023-11-07 | 2023-11-21 |
| 2023-08-07 | 4 | $0.2 | 2.62% | 2023-08-01 | 2023-08-08 | 2023-08-22 |
| 2023-05-08 | 4 | $0.2 | 3.08% | 2023-05-01 | 2023-05-09 | 2023-05-23 |
| 2023-02-13 | 4 | $0.2 | 2.65% | 2023-02-06 | 2023-02-14 | 2023-02-28 |
| 2022-11-07 | 4 | $0.2 | 3.04% | 2022-10-31 | 2022-11-08 | 2022-11-22 |
| 2022-08-08 | 4 | $0.2 | 2.98% | 2022-08-01 | 2022-08-09 | 2022-08-23 |
| 2022-05-09 | 4 | $0.2 | 3.11% | 2022-05-02 | 2022-05-10 | 2022-05-24 |
| 2022-02-14 | 4 | $0.2 | 2.37% | 2022-02-07 | 2022-02-15 | 2022-03-01 |
| 2021-11-08 | 4 | $0.2 | 2.01% | 2021-11-01 | 2021-11-09 | 2021-11-23 |
| 2021-08-09 | 4 | $0.2 | 2.21% | 2021-08-02 | 2021-08-10 | 2021-08-24 |
| 2021-05-10 | 4 | $0.2 | 1.99% | 2021-05-03 | 2021-05-11 | 2021-05-25 |
In the realm of dividend yield, Kennametal reigns supreme among its industry peers, surpassing Gorman-Rupp (NYSE:GRC) with an annualized dividend yield of 1.97%.
Analyzing Kennametal 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
As you can see, from 2020 to 2023, investors observed a stable dividend per share of $0.80 throughout this period. This indicates a consistent dividend policy maintained by the company, providing stability to shareholders. Investors can rely on the company's consistent dividend payout to generate a steady income stream.
YoY Earnings Growth For Kennametal
Investors can observe a growth in earnings for Kennametal from 2020 to 2023, as earnings per share increased from $0.81 to $1.58. This upward trajectory in earnings indicates potential for future cash dividend payout increases, which can be advantageous for income-seeking investors.
Recap
This article delves into the recent dividend payout of Kennametal and its implications for shareholders. Presently, the company is distributing a dividend of $0.20 per share, leading to an annualized dividend yield of 3.16%.
In the realm of dividend yield, Kennametal reigns supreme among its industry peers, surpassing Gorman-Rupp with an annualized dividend yield of 1.97%.
Despite no adjustment in the dividend per share over the period of 2020 to 2023, the consistent growth in earnings per share for Kennametal indicates a sound financial status, which could enable the company to continue sharing profits with its investors.
It is advisable for investors to monitor the company's performance in the coming quarters to stay in the loop about any adjustments in financials or dividend disbursements.
[Track real-time stock fluctuations for Kennametal on Benzinga.](https://www.benzinga.com/quote/Kennametal (NYSE: KMT))
This article was generated by Benzinga's automated content engine and reviewed by an editor.