About CECO Environmental Corp. (CECE) — Dividend Analysis 2026
CECO Environmental Corp. provides industrial air quality and fluid handling systems worldwide. It operates in two segments: Engineered Systems Segment and Industrial Process Solutions Segment. The company engineers, designs, builds, and installs systems that capture, clean, and destroy air- and water-borne emissions from industrial facilities as well as fluid handling, gas separation, and filtration systems. It offers dampers and diverters, selective catalytic reduction and selective non-catalytic reduction systems, cyclonic technology, thermal oxidizers, filtration systems, scrubbers, and water and fluid handling equipment, as well as plant engineering services and engineered design build fabrication. The company markets its products and services to natural gas processors, transmission and distribution companies, refineries, power generators, industrial manufacturing, engineering and construction companies, semiconductor manufacturers, compressor manufacturers, beverage can manufacturers, metals and minerals, and electric vehicle producer companies. CECO Environmental Corp. was incorporated in 1966 and is headquartered in Dallas, Texas.
Is CECE a good dividend investment in 2026?
CECE offers a 13.24% forward yield with a 50% payout ratio. Strand Safety Score: 60/100 (Moderate Risk). The 5-year dividend CAGR of 0% is modest — investors should weigh current income against growth alternatives.
CECE DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your CECE portfolio grows to $11.66M vs $10.25M without reinvestment. This is the compound interest effect in action.
CECE dividend growth history & forecast
CECE has grown its dividend by 0% over the last year and 0% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 13.24%.
FCF ($6M) is below dividends paid ($53M) — risk of cut (FCF: $6M · Dividends est.: $53M)
Debt Leverage0.0× Debt/EBITDA
30 / 30 pts
30/30
Debt/EBITDA 0.0× — low leverage, balance sheet is strong
Earnings Momentum+0.1B → +0.0B → +0.0B
30 / 30 pts
30/30
Net income grew for 2 consecutive years — strong earnings momentum
OVERALL ASSESSMENT
Dividend at moderate risk — monitor coverage and debt closely.
STRAND SCORE
60
/100
Strand Safety Score™ is proprietary to DividendFlow. Inputs: FCF, Debt/EBITDA, Net Income from SEC filings via FMP. Not financial advice. N/A for ETFs, pre-revenue companies, and tickers without income statements.
🌍 CECE Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold CECE.
Gross yield
13.24%
Tax rate
15.00%
After-tax yield
11.25%
Real yield (−CPI)
8.45%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
13.24%
10.44%
$1,324 / yr
🇺🇸 US Taxable (15%) ✓
15%
11.25%
8.45%
$1,125 / yr
🇺🇸 US Taxable (20%)
20%
10.59%
7.79%
$1,059 / yr
🇬🇧 UK ISA
0%
13.24%
10.44%
$1,324 / yr
🇬🇧 UK Taxable
8.75%
12.08%
9.28%
$1,208 / yr
🇨🇦 TFSA
0%
13.24%
10.44%
$1,324 / yr
🇨🇦 CA Taxable
25%
9.93%
7.13%
$993 / yr
🇦🇺 Super (pension)
15%
11.25%
8.45%
$1,125 / yr
🇦🇺 AU Taxable
30%
9.27%
6.47%
$927 / yr
🇩🇪 DE Taxable
26.375%
9.75%
6.95%
$975 / yr
🇫🇷 FR Taxable
30%
9.27%
6.47%
$927 / yr
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 CECE Income Goal & Break-Even
Dividend Break-Even
9yr
Years for dividends to fully repay your CECE investment of $11.65/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$12.3K
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$9.8K
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in CECE for:
Shares needed
18,299
Capital required
$213,183
Monthly income
$2,000
Based on current dividend of $1.54/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 CECE Dividend Payment Schedule
CECE pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$3.28 / payment
$13.12 / year after tax
100 shares
$32.79 / payment
$131.16 / year after tax
1,000 shares
$327.89 / payment
$1311.55 / year after tax
📊 CECE vs Industrials Benchmarks
How CECE compares to typical Industrials averages.
Benchmark: Industrials
Dividend Yield▲+11.04% vs sectorBetter
CECE
13.24%
avg
2.20%
5Y Dividend CAGR▼-7.50% vs sectorBelow avg
CECE
0.00%
avg
7.50%
Payout Ratio▼+6.00% vs sectorBelow avg
CECE
50.00%
avg
44.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for CECE sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ CECE Insider Activity
▲ 2 Buys▼ 1 Sales
When executives buy their own stock, it's a signal they believe in the dividend's sustainability.
Insider
Title
Type
Date
Shares
Price
Total Value
WALLMAN RICHARD F
director
A-Award
2024-01-05
1,186
—
—
Gleason Todd R
director, officer: Chief Executive Officer
Sale
2023-12-21
14,500
$21.11
$306.1K
WALLMAN RICHARD F
director
A-Award
2023-10-06
1,462
—
—
Johansson Peter K.
officer: See Remarks
A-Award
2023-09-29
47,247
—
—
Gleason Todd R
director, officer: Chief Executive Officer
A-Award
2023-07-05
225,000
—
—
Watkins-Asiyanbi Joycelynn
officer: See Remarks
A-Award
2023-09-29
41,341
—
—
WALLMAN RICHARD F
director
Buy
2023-09-18
10,000
$15.99
$159.9K
WALLMAN RICHARD F
director
Buy
2023-09-07
12,000
$13.76
$165.1K
SIEGEL LAURIE
director
A-Award
2023-09-07
5,406
—
—
WALLMAN RICHARD F
director
A-Award
2023-07-10
1,054
—
—
Insider transactions sourced from SEC Form 4 filings via Financial Modeling Prep. See disclaimer.
🎯
Analyst Price Target
Wall Street consensus
Current Price
$11.65
Analyst Target
$11.00
Upside / Downside
-5.6%
Range
$11.00 – $11.00
💡 If CECE reaches the analyst target of $11.00, investors buying today at $11.65 would see an effective yield of 14.03% on shares purchased at target price — vs 13.24% at current price.
Analyst consensus price target via FMP. Not a guarantee of future performance. Past analyst accuracy varies.
🔬
Financial Health Scores
Altman Z-Score
1.90
⚠️ Grey Zone — monitor closely
Safe: >3.0 · Grey: 1.81–3.0 · Distress: <1.81
Piotroski F-Score
3/9
🔴 Weak fundamentals — dividend safety concern
Strong: 7–9 · Moderate: 4–6 · Weak: 0–3
Altman Z-Score predicts bankruptcy risk. Piotroski F-Score measures financial strength across 9 criteria. High scores → lower dividend cut risk. Data via FMP financial statements.
🌍
Geographic Revenue Breakdown
Where CECE earns its money
UNITED STATES72%
Other13%
NETHERLANDS9%
CHINA7%
Revenue breakdown from latest annual report via FMP. Percentages may not sum to 100% due to rounding.
📊 About This Data
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the CECE dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →