Dominion Lending Centres Dividend
Dividend criteria checks 3/6
Dominion Lending Centres is a dividend paying company with a current yield of 2.29% that is well covered by earnings.
Key information
2.3%
Dividend yield
0.1%
Buyback Yield
| Total Shareholder Yield | 2.4% |
| Future Dividend Yield | n/a |
| Dividend Growth | 14.1% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CA$0.120 |
| Payout ratio | 58% |
Recent dividend updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: DLCG has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: DLCG's dividend payments have increased, but the company has only paid a dividend for 8 years.
Dividend Yield vs Market
| Dominion Lending Centres Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (DLCG) | 2.3% |
| Market Bottom 25% (CA) | 1.8% |
| Market Top 25% (CA) | 6.2% |
| Industry Average (Diversified Financial) | 3.1% |
| Analyst forecast (DLCG) (up to 3 years) | n/a |
Notable Dividend: DLCG's dividend (2.29%) is higher than the bottom 25% of dividend payers in the Canadian market (1.75%).
High Dividend: DLCG's dividend (2.29%) is low compared to the top 25% of dividend payers in the Canadian market (6.16%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (58%), DLCG's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (28%), DLCG's dividend payments are well covered by cash flows.