Investors eagerly anticipate the dividend payout from Tetra Tech (NASDAQ:TTEK) on February 27, 2024. With a payout of $0.26 per share and an annualized dividend yield of 0.64%, this reward is exclusively for shareholders who held the stock before the ex-dividend date on February 13, 2024
Tetra Tech Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-02-13 | 4$0.26 | 0.64% | 2024-01-29 | 2024-02-14 | 2024-02-27 | |
| 2023-11-29 | 4$0.26 | 0.65% | 2023-11-15 | 2023-11-30 | 2023-12-13 | |
| 2023-08-22 | 4$0.26 | 0.62% | 2023-08-07 | 2023-08-23 | 2023-09-06 | |
| 2023-05-23 | 4$0.26 | 0.72% | 2023-05-10 | 2023-05-24 | 2023-06-06 | |
| 2023-02-10 | 4$0.23 | 0.6% | 2023-01-30 | 2023-02-13 | 2023-02-24 | |
| 2022-11-18 | 4$0.23 | 0.65% | 2022-11-07 | 2022-11-21 | 2022-12-09 | |
| 2022-08-11 | 4$0.23 | 0.6% | 2022-08-03 | 2022-08-12 | 2022-08-26 | |
| 2022-05-12 | 4$0.23 | 0.66% | 2022-05-02 | 2022-05-13 | 2022-05-27 | |
| 2022-02-10 | 4$0.2 | 0.57% | 2022-02-02 | 2022-02-11 | 2022-02-25 | |
| 2021-12-01 | 4$0.2 | 0.45% | 2021-11-15 | 2021-12-02 | 2021-12-20 | |
| 2021-08-19 | 4$0.2 | 0.62% | 2021-07-26 | 2021-08-20 | 2021-09-03 | |
| 2021-05-11 | 4$0.2 | 0.6% | 2021-04-26 | 2021-05-12 | 2021-05-28 |
Tetra Tech's dividend yield falls in the middle range when compared to its industry peers, with Aris Water Solutions (NYSE:ARIS) having the highest annualized dividend yield at 3.73%.
Analyzing Tetra Tech 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 saw an average increase in the company's dividend per share, rising from $0.66 in 2020 to $1.01 in 2023. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
YoY Earnings Growth For Tetra Tech
The earnings chart illustrates an increase in Tetra Tech's earnings per share, from $3.26 in 2020 to $5.58 in 2023. This positive earnings growth provides income-seeking investors with optimism, as it suggests potential for higher cash dividend payouts in the future.
Recap
In this article, we explore the recent dividend payout of Tetra Tech and its significance for shareholders. The company has decided to distribute a dividend of $0.26 per share today, which equates to an annualized dividend yield of 0.64%.
Tetra Tech's dividend yield falls in the middle range when compared to its industry peers, with Aris Water Solutions having the highest annualized dividend yield at 3.73%.
The increase in both dividend per share and earnings per share from 2020 to 2023 for Tetra Tech indicates a positive financial trend, suggesting their capacity to continue distributing profits to shareholders.
To remain updated on any changes in financials or dividend disbursements, investors should closely observe the company's performance in the coming quarters.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.