Bird Construction set to boost dividends on strong earnings growth By Investing.com

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<p>Bird Construction Inc. has announced a scheduled dividend payment of CA$0.0358 per share for December 20th, reflecting a yield of 3.6%. This move is expected to enhance investor returns significantly, backed by the company’s solid earnings. The construction firm has a track record of consistent dividends, and the current payout is well-covered by substantial earnings, which are also being channeled into business expansion.</p>
<p>Despite a downward trend in dividends since 2013, where annual payments have decreased from CA$0.76 to CA$0.43, shrinking at an average rate of 5.5% each year, the outlook for Bird Construction’s dividends looks promising. This optimism is based on the company’s strong earnings per share (EPS) growth rate of 38% annually over the past five years. Moreover, an impressive forecast suggests a 60.5% rise in EPS for the coming year.</p>
<p>The combination of robust EPS growth and a low expected payout ratio of 21% positions Bird Construction to potentially increase its dividend payouts moving forward. This financial strategy demonstrates the company’s commitment to delivering value to its shareholders while maintaining a sustainable dividend policy.</p>
<p><em>This article was generated with the support of AI and reviewed by an editor. For more information see our T&amp;C.</em></p>
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<br /><a href="https://www.investing.com/news/stock-market-news/bird-construction-set-to-boost-dividends-on-strong-earnings-growth-93CH-3237485">Source link </a></p><p>The post <a href="https://forextraderhub.com/bird-construction-set-to-boost-dividends-on-strong-earnings-growth-by-investing-com.html">Bird Construction set to boost dividends on strong earnings growth By Investing.com</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>