Sensata Technologies Holding PLC's Dividend Analysis
Delving Into Sensata Technologies Holding PLC's Dividend Profile
Sensata Technologies Holding PLC (NYSE:ST) recently announced a dividend of $0.12 per share, payable on 2024-02-28, with the ex-dividend date set for 2024-02-13. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's look into Sensata Technologies Holding PLC's dividend performance and assess its sustainability.
What Does Sensata Technologies Holding PLC Do?
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Sensata Technologies is a global supplier of sensors for transportation and industrial applications. Sensata sells a bevy of pressure, temperature, force, and position sensors into the automotive, heavy vehicle, industrial, heating, ventilation, and cooling, and aerospace markets. The majority of the firm's revenue comes from the automotive market, where it focuses on bumper-in applications.
A Glimpse at Sensata Technologies Holding PLC's Dividend History
Sensata Technologies Holding PLC has maintained a consistent dividend payment record since 2022. Dividends are currently distributed on a quarterly basis. Below is a chart showing annual Dividends Per Share for tracking historical trends.
Breaking Down Sensata Technologies Holding PLC's Dividend Yield and Growth
As of today, Sensata Technologies Holding PLC currently has a 12-month trailing dividend yield of 1.43% and a 12-month forward dividend yield of 1.46%. This suggests an expectation of increased dividend payments over the next 12 months.
Sensata Technologies Holding PLC's dividend yield of 1.43% is near a 10-year high and outperforms 31.71% of global competitors in the Hardware industry, suggesting that the company's dividend yield stands out as an attractive proposition for income investors.
The Sustainability Question: Payout Ratio and Profitability
To assess the sustainability of the dividend, one needs to evaluate the company's payout ratio. The dividend payout ratio provides insights into the portion of earnings the company distributes as dividends. A lower ratio suggests that the company retains a significant part of its earnings, thereby ensuring the availability of funds for future growth and unexpected downturns. As of 2023-12-31, Sensata Technologies Holding PLC's dividend payout ratio is 0.13.
Sensata Technologies Holding PLC's profitability rank, offers an understanding of the company's earnings prowess relative to its peers. GuruFocus ranks Sensata Technologies Holding PLC's profitability 7 out of 10 as of 2023-12-31, suggesting good profitability prospects. The company has reported net profit in 9 years out of the past 10 years.