BDT Increasing Dividend To CA$0.0358 Bird Construction Inc. (TSE:BDT) has announced that it will be increasing its dividend from last year's comparable payment on the 18th of August to CA$0.0358. This will take the dividend yield to an attractive 5.1%, providing a nice boost to shareholder returns.
Looking forward, earnings per share is forecast to rise by 64.8% over the next year. Assuming the dividend continues along recent trends, we think the payout ratio could be 25% by next year, which is in a pretty sustainable range.
The Dividend Looks Likely To Grow
It's encouraging to see that Bird Construction has been growing its earnings per share at 53% a year over the past five years. The company's earnings per share has grown rapidly in recent years, and it has a good balance between reinvesting and paying dividends to shareholders, so we think that Bird Construction could prove to be a strong dividend payer.