Shareholders of goeasy LTD (TSXV:$GSY) stock will be in for a dividend if they bought shares before the September 28 ex-dividend date. The ex-dividend date is the date when the company finalizes the shareholder list and determines who will be paid out dividends.
So does that mean that goeasy is a good dividend investment? Let’s look at the numbers.
The company is currently valued at $320 million and pays out 2.5% in dividends, with an average of $2.81 over the last 10 years. The dividend covers its earnings, paying out 23% of its earnings in dividends. Analysts predict that the EPS will increase to $4.38. They also predict the dividends per share to rise to $0.92, meaning a future 21% dividend payout ratio. As with most companies increasing their dividends, goeasy has not missed a payout.
As a shareholder, goeasy is reliable and analysts predict that the stock will likely continue to steadily increase as a dividend payout. The upcoming dividend payout will likely be a taste of things to come in the future of the Canadian based alternative financial service provider.
As a possible investor, the stock has the potential to diversify your portfolio and provide an increasing dividend payout that will benefit you in the long run. As with most investments, however, it’s important to do some research and make sure the stock is right for you before buying.
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