Titanium Transportation stock dividend – Titanium Transportation Group Declares 0.02 Cash Dividend
May 27, 2023
Dividends Yield
On May 26 2023, Titanium Transportation ($TSX:TTNM) Group Inc. announced that it would be declaring a 0.02 CAD cash dividend to its shareholders. Since 2021, TITANIUM TRANSPORTATION has issued a total of 0.08 CAD in annual dividend per share, with dividend yields of 3.32%, 3.36%, and 2.24% from 2021 to 2023, averaging 2.97%. Consequently, if you are looking for dividend stocks, the company may be worth considering.
The ex-dividend date for this cash dividend is set to be on May 30 2023, meaning that all shareholders who own the stock prior to this date will be eligible to receive the dividend. With a solid dividend yield and payout ratio, the company may be worth considering for those interested in investing in dividend stocks.
Market Price
This announcement comes at a time when TITANIUM TRANSPORTATION‘s stock opened at CA$2.5 and closed at CA$2.6, down by 0.8% from its last closing price of 2.6. The company has released this cash dividend to shareholders as part of the company’s commitment to creating value for its shareholders. The company is looking forward to providing its shareholders with a steady and reliable stream of income through its dividend payment policy. Shareholders are urged to consult their financial advisors for an analysis of their personal financial situation in order to determine the implications of receiving a dividend payout.
This dividend payout is in line with TITANIUM TRANSPORTATION’s commitment to deliver value to its shareholders and ensure long-term financial success. It is a testament to the company’s commitment to creating lasting relationships with its stakeholders and investors. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Titanium Transportation. More…
| Total Revenues | Net Income | Net Margin |
| 466.71 | 22.5 | 3.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Titanium Transportation. More…
| Operations | Investing | Financing |
| 55.86 | -79.15 | 36.72 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Titanium Transportation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 288.72 | 187.59 | 2.24 |
Key Ratios Snapshot
Some of the financial key ratios for Titanium Transportation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 39.4% | 82.7% | 7.7% |
| FCF Margin | ROE | ROA |
| -7.2% | 22.6% | 7.8% |
Analysis – Titanium Transportation Intrinsic Stock Value
At GoodWhale, we have analyzed the financials of TITANIUM TRANSPORTATION and obtained a fair value of CA$3.3 for its share. This fair value was calculated using our proprietary Valuation Line. Currently, the stock of TITANIUM TRANSPORTATION is trading at CA$2.6, which is undervalued by 21.6%. If investors are looking for opportunities to benefit from undervalued stocks, they may want to consider TITANIUM TRANSPORTATION. More…
Peers
They are one of the largest transportation companies in the region and have been providing quality services to customers since 1986. Their main competitors include Radiant Logistics Inc, Covenant Logistics Group Inc, and See Hup Consolidated Bhd, all of which are leading regional and international providers of transportation and logistics services.
– Radiant Logistics Inc ($NYSEAM:RLGT)
Radiant Logistics Inc is a third-party logistics and multi-modal transportation services company. It provides domestic and international freight forwarding services, truckload and less-than-truckload services, rail intermodal, airfreight, and ocean services. As of 2023, Radiant Logistics Inc has a market capitalization of 283.79 million dollars, indicating that it is well-valued by the market. The company also has a return on equity of 20.24%, indicating that it is generating good returns on its investments.
– Covenant Logistics Group Inc ($NASDAQ:CVLG)
Covenant Logistics Group Inc is a third-party logistics provider that specializes in truckload services, intermodal services, and freight brokerage services. The company has an impressive market cap of $467.93M as of 2023, indicating its strong financial standing in the industry. Moreover, Covenant Logistics Group Inc has a Return on Equity of 23.99%, which is a measure of the company’s ability to generate profits from its shareholders’ investments. This indicates that the company is doing well in terms of profitability and is well-positioned for future success.
– See Hup Consolidated Bhd ($KLSE:7053)
Hup Consolidated Bhd is a Malaysian-based conglomerate involved in a wide range of businesses including media, property development, construction and engineering, as well as oil and gas. As of 2023, its market capitalization stands at 85.05M. This suggests that the company’s share price has appreciated over the years, reflecting investor confidence in its operations. Hup Consolidated Bhd’s return on equity (ROE) is also impressive, with a rate of 1.69% in 2023. This indicates that the company is able to efficiently generate profits from its investments and is a sign of its financial health.
Summary
TITANIUM TRANSPORTATION has an attractive track record of dividend payments, delivering a total of 0.08 CAD in annual dividend per share for the last three years (2021-2023). This is equivalent to a dividend yield of 2.97%, slightly above the average of the market. The steady dividend payments make TITANIUM TRANSPORTATION an attractive option for investors seeking reliable dividend income.
In addition, the company’s relatively low debt levels imply it has the financial stability to continue rewarding shareholders with attractive dividend payouts in the years to come. As such, TITANIUM TRANSPORTATION is an ideal investment for those looking for a steady yet reliable return on their capital.
