This is a bit misleading, in my opinion. Yes, the CALM dividend is up this much when comparing Q3 2023 to Q3 2024, but when you look at it on an annual basis, CALM actually distributed $1.803 less per share in 2024, vs 2023.
This huge dividend hike by CALM has a clear explanation: The dividend amount fluctuates based on the company's net income, with a policy of paying one-third of quarterly income, and is contingent upon the company's overall profitability since the last dividend payout. Following a quarter for which CALM does not report net income, the company will not pay a dividend with respect to that quarter or for a subsequent profitable quarter. The amount paid per share will vary based on the number of outstanding shares on the record date.
The result is that CALM pays a different dividend every quarter, depending on profit development. As a result, enormous dividend increases and decreases alternate. In May 2022, no less than $2.199 dividend per share was paid out in one quarter, while in 2020, for example, no dividends were paid at all.
This is a bit misleading, in my opinion. Yes, the CALM dividend is up this much when comparing Q3 2023 to Q3 2024, but when you look at it on an annual basis, CALM actually distributed $1.803 less per share in 2024, vs 2023.
Thanks for your comment! You are totally right and we know, we already explained the big dividend hike by CALM in previous posts, see: https://www.dividendhike.com/p/biggest-dividend-hikes-this-week
This huge dividend hike by CALM has a clear explanation: The dividend amount fluctuates based on the company's net income, with a policy of paying one-third of quarterly income, and is contingent upon the company's overall profitability since the last dividend payout. Following a quarter for which CALM does not report net income, the company will not pay a dividend with respect to that quarter or for a subsequent profitable quarter. The amount paid per share will vary based on the number of outstanding shares on the record date.
The result is that CALM pays a different dividend every quarter, depending on profit development. As a result, enormous dividend increases and decreases alternate. In May 2022, no less than $2.199 dividend per share was paid out in one quarter, while in 2020, for example, no dividends were paid at all.