TFI International (TFII) DIvidends Date & History

Key Takeaways

• TFI International Inc. (TFII) offers a trailing dividend yield of 1.33%, paid quarterly at $0.47 per share recently.
• Payout ratio of 48.9% signals strong dividend sustainability backed by earnings.
• 5-year dividend growth rate of 21% highlights consistent shareholder rewards.
• Trailing twelve-month (ttm) free cash flow (FCF) of $645 million comfortably covers dividend obligations.
• Yield stands competitive against trucking peers like ODFL (0.59%) and KNX (1.3%).
• Expected earnings growth supports ongoing dividend increases amid freight market cycles.

Dividend Overview

TFI International Inc. (TFII), a diversified North American transportation and logistics leader, pursues a conservative dividend policy focused on steady growth rather than high yields. The company distributes quarterly dividends, with the most recent ex-dividend date of March 31, 2026, and payment on April 15, 2026, at $0.47 per share. This equates to a trailing annual dividend of $1.82 per share and a yield of approximately 1.33%, with a forward yield similarly positioned. The 5-year average yield stands at 1.25%. TFII is not classified as a high-yield stock but appeals as a dividend growth contender in the cyclical trucking sector, balancing reinvestment for expansion with reliable payouts to shareholders.

Dividend History and Growth

TFI International has demonstrated a robust track record of dividend growth and consistency. Quarterly payments have increased steadily, from $0.45 per share in June 2025 to $0.47 in March 2026, reflecting annual hikes. Over the past five years, the dividend has compounded at an impressive 21% growth rate, far outpacing many transportation peers. Longer-term, dividends have risen significantly without interruptions or cuts, underscoring a shareholder-friendly strategy. This growth aligns with the company's operational expansions through acquisitions and efficiency gains, positioning TFII to sustain and potentially accelerate payouts as freight volumes recover.

Dividend Sustainability and Payout Ratio

TFII's dividend appears highly sustainable, supported by a payout ratio of 48.9%—well below the 75% threshold often viewed as prudent for safety. Earnings comfortably cover the dividend, with analysts projecting 7% EPS growth in 2026 and 38% in 2027. Trailing twelve-month free cash flow reached $645 million, providing ample cushion after capital expenditures and debt servicing. Operating cash flow exceeded $977 million, reinforcing coverage. While total debt-to-equity ratio stands at 120.4%—typical for asset-heavy trucking—it remains manageable given steady EBITDA generation and freight demand outlook. These metrics suggest room for continued growth without straining finances.

Dividend Compared to Industry Peers

In the trucking and transportation sector, TFII's 1.33% yield is attractive relative to peers. Less-than-truckload giant ODFL yields just 0.59%, prioritizing growth over payouts, while KNX offers around 1.3%. Growth-oriented SAIA pays no dividend, and WERN yields about 1.3%. TFII's conservative payout ratio and growth history give it an edge for income-focused investors, standing above the low-yield industry average amid similar cyclical exposures.

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Is This Stock Attractive for Dividend Investors?

TFI International (TFII) suits dividend growth investors who prioritize compounding payouts over immediate high income, given its 1.33% yield and 21% five-year growth trajectory. Those comfortable with transportation sector cyclicality—tied to freight volumes and economic cycles—may find appeal in its coverage metrics and projected earnings expansion. Long-term holders seeking a blend of moderate income and capital appreciation in logistics could view TFII favorably, especially versus no- or low-yield peers. Conservative investors might note the debt load and volatility, preferring steadier sectors. Overall, it fits growth-oriented income strategies balancing risk and reward in a recovering industry, though sector headwinds warrant monitoring.

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