Quebecor Inc (TSX:QBRa). has declared its intention to distribute dividends to shareholders on December 19th, with an expected payment of CA$0.30 per share. This announcement comes as the company continues to demonstrate a solid financial performance, with earnings that have consistently covered its dividend payouts, suggesting a strong capacity for reinvestment and growth.
The Montreal-based telecommunications and media company has a history of rewarding investors with dividends, having increased its annual payments from CA$0.05 per share in 2013 to CA$1.20 (USD1 = CAD1.3824) per share in the most recent fiscal year. This progression translates to an impressive average annual growth rate of approximately 37%.
Looking ahead, Quebecor's earnings per share (EPS) are projected to rise by 13.5% over the next year if current trends hold steady. The company's estimated payout ratio stands at 49%, which supports the sustainability of its dividend payments.
Over the past five years, Quebecor has maintained an EPS growth rate of 13% per annum. This steady earnings growth, combined with a prudent payout policy, positions the company favorably for ongoing expansion in both earnings and dividends.
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