Tropical Canning dividend yield calculator – Tropical Canning (Thailand) PCL Declares 0.5 Cash Dividend
May 31, 2023
🌥️Dividends Yield
Tropical Canning ($SET:TC) (Thailand) PCL, announced on May 25th 2023 that they would be declaring a 0.5 cash dividend. This follows the dividends per share of 0.15, 0.15, and 0.25 THB that were issued in the last three years, respectively yielding 1.69%, 1.69%, and 5.43% for 2021 to 2023 with a total average yield of 2.94%. Therefore, investors interested in dividend stocks should consider TROPICAL CANNING ahead of the ex-dividend date of May 9th 2023. This dividend should further provide investors with a reliable and consistent return on their investment.
Stock Price
This announcement was met with high levels of enthusiasm as the stock opened at THB6.4 and closed at THB6.4, up by 0.8% from its prior closing price. This comes as a welcome benefit for shareholders as the company looks to reward their loyalty. Tropical Canning has long been a reliable name in the global canned food industry and this dividend further affirms their commitment to their shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Tropical Canning. More…
| Total Revenues | Net Income | Net Margin |
| 6.04k | 357.39 | 5.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Tropical Canning. More…
| Operations | Investing | Financing |
| 732.8 | -182.6 | -99.59 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Tropical Canning. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.09k | 625.77 | 7.61 |
Key Ratios Snapshot
Some of the financial key ratios for Tropical Canning are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.1% | 41.0% | 6.2% |
| FCF Margin | ROE | ROA |
| 9.0% | 9.4% | 7.6% |
Analysis
GoodWhale has conducted an analysis of TROPICAL CANNING‘s financials and has assigned it a medium risk rating in terms of financial and business aspects. This indicates that TROPICAL CANNING is a suitable investment for those looking for a moderate level of risk. Our analysis has identified two risk warnings in the income sheet and balance sheet. To get more details about these warnings and to access our complete analysis, we suggest registering on goodwhale.com. Here, you will be able to access our detailed report which contains further information on TROPICAL CANNING’s financials. More…
Peers
The competition between Tropical Canning (Thailand) PCL and its competitors Chiangmai Frozen Foods PCL, NSL Foods PCL, and T S Flour Mill PCL is fierce, as each of these companies strives to remain competitive in the food production and canning industry. In order to succeed, each company must strive to produce the best quality products at competitive prices.
– Chiangmai Frozen Foods PCL ($SET:CM)
Chiangmai Frozen Foods PCL is a Thai company that specializes in producing, processing, and distributing frozen and chilled foods. With an 853.77M market cap as of 2023, the company is a leader in the Thai frozen food market. However, its Return on Equity (ROE) for this same year was -1.67%, a poor figure that suggests the firm is not performing as well as it could be. Nevertheless, Chiangmai Frozen Foods PCL continues to provide quality products to its customers.
– NSL Foods PCL ($SET:NSL)
NSL Foods PCL is a public limited company based in Thailand that focuses on producing and distributing packaged food products around the world. The company has a market capitalization of 5.97 billion dollars as of 2023, a figure that reflects the company’s current value according to its stock market price. Additionally, NSL Foods PCL has an impressive return on equity of 17.06%, which demonstrates the company’s ability to generate profits from investments of shareholder equity. This high ROE is likely due to the company’s efficient operations and cost-effective production processes.
– T S Flour Mill PCL ($SET:TMILL)
TT S Flour Mill Public Company Limited (TT S) is a leading flour mill in Thailand, established in 1956. It produces a wide range of quality flour products including regular, whole wheat and organic flour. The company is listed on the Stock Exchange of Thailand and has a market cap of 1.56 billion as of 2023. TT S has also achieved a respectable return on equity (ROE) of 10.08%, which is a measure of the company’s efficiency and profitability. This indicates that the company is performing well and creating value for its shareholders. TT S has established itself as a leader in the flour mill industry in Thailand and has recently made investments in new technology to expand its product line and meet the growing demand for food products.
Summary
Investing in TROPICAL CANNING could be an attractive opportunity for investors seeking a steady and reliable return. In the last three years, the company has paid out dividends of 0.15, 0.15, and 0.25 THB per share, yielding 1.69%, 1.69%, and 5.43% respectively. This results in an average yield of 2.94% which is relatively high compared to other investments. The dividend yields are consistent and dependable, making this a stable investment opportunity for those looking for a steady return.
Additionally, TROPICAL CANNING’s stock offerings may be a good buy for investors wanting to diversify their portfolio or to act as a hedge against market volatility.
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