Q: Hello in the investor suite report the yield for this stock shows as 10%? Is that really the case? Were you talking about some other stock? Thanks.
Shyam
Shyam
5i Research Answer:
"Regular" dividends are 30c quarterly, for a yield of 1.7%. However, TOU pays a special dividend approximately every four months as well, and we have tried to capture that in the yield, as it has done this for four years in a row and intends to keep doing so. In the past year TOU has paid special dividends of 50 cents (March 2024), $1.00 (November 2023), $1.00 (August 2023) and $1.50 (May 2023).