Declared Dividend • Jun 28
Dividend of CA$0.058 announced Shareholders will receive a dividend of CA$0.058. Ex-date: 30th June 2026 Payment date: 15th July 2026 Dividend yield will be 10%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is not covered by earnings (191% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 112% to bring the payout ratio under control. EPS is expected to grow by 29% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Jun 24
Timbercreek Financial Corp. Announces Monthly Cash Dividend for June 2026, Payable on July 15, 2026 Timbercreek Financial Corp. announced that it has declared a monthly cash dividend for June 2026 of $0.0575 per common share of the Company to be paid on July 15, 2026, to holders of Common Shares of record on June 30, 2026. Announcement • May 09
Timbercreek Financial Corp. Appoints Dominique Barker to the Board of Directors Timbercreek Financial Corp. at its Annual and Special Meeting of shareholders held on May 7, 2026 appointed Dominique Barker to its Board of Directors. Price Target Changed • May 07
Price target decreased by 8.9% to CA$7.06 Down from CA$7.75, the current price target is an average from 4 analysts. New target price is 6.0% above last closing price of CA$6.66. Stock is down 6.3% over the past year. The company is forecast to post earnings per share of CA$0.57 for next year compared to CA$0.42 last year. Reported Earnings • May 06
First quarter 2026 earnings released: EPS: CA$0.13 (vs CA$0.18 in 1Q 2025) First quarter 2026 results: EPS: CA$0.13 (down from CA$0.18 in 1Q 2025). Revenue: CA$14.3m (down 51% from 1Q 2025). Net income: CA$10.4m (down 30% from 1Q 2025). Profit margin: 73% (up from 51% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 39% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Diversified Financial industry in Canada. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Declared Dividend • Apr 27
Dividend of CA$0.058 announced Shareholders will receive a dividend of CA$0.058. Ex-date: 30th April 2026 Payment date: 15th May 2026 Dividend yield will be 10%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is not covered by earnings (166% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 84% to bring the payout ratio under control. EPS is expected to grow by 50% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Apr 25
Timbercreek Financial Declares Monthly Cash Dividend for April 2026, Payable on May 15, 2026 Timbercreek Financial Corp. announce that it has declared a monthly cash dividend of $0.0575 per common share for the month April 2026 (“Common Share”) of the Company to be paid on May 15, 2026 to holders of Common Shares of record on April 30, 2026. Announcement • Apr 16
Timbercreek Financial Corp. to Report Q1, 2026 Results on May 05, 2026 Timbercreek Financial Corp. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 05, 2026 Declared Dividend • Mar 27
Dividend of CA$0.058 announced Shareholders will receive a dividend of CA$0.058. Ex-date: 31st March 2026 Payment date: 15th April 2026 Dividend yield will be 10%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is not covered by earnings (166% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 84% to bring the payout ratio under control. EPS is expected to grow by 50% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Mar 24
Timbercreek Financial Declares Monthly Cash Dividend for March 2026, Payable on April 15, 2026 Timbercreek Financial announced that it has declared a monthly cash dividend for March 2026 of $0.0575 per common share of the Company to be paid on April 15, 2026 to holders of Common Shares of record on March 31, 2026. Reported Earnings • Feb 27
Third quarter 2025 earnings released: EPS: CA$0.10 (vs CA$0.17 in 3Q 2024) Third quarter 2025 results: EPS: CA$0.10 (down from CA$0.17 in 3Q 2024). Revenue: CA$12.2m (down 41% from 3Q 2024). Net income: CA$8.46m (down 40% from 3Q 2024). Profit margin: 69% (up from 68% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Diversified Financial industry in Canada. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 7% per year. Price Target Changed • Feb 26
Price target decreased by 7.5% to CA$7.58 Down from CA$8.19, the current price target is an average from 4 analysts. New target price is 13% above last closing price of CA$6.71. Stock is down 0.3% over the past year. The company is forecast to post earnings per share of CA$0.58 for next year compared to CA$0.56 last year. Announcement • Feb 25
Timbercreek Financial Declares Dividend for the Month of February 2026, Payable on March 13, 2026 Timbercreek Financial announced that it has declared a monthly cash dividend of $0.0575 per common share (‘Common Share’) of the Company for the month of February 2026 to be paid on March 13, 2026 to holders of Common Shares of record on February 27, 2026. Announcement • Feb 24
Timbercreek Financial Corp., Annual General Meeting, May 07, 2026 Timbercreek Financial Corp., Annual General Meeting, May 07, 2026. Announcement • Feb 06
Timbercreek Financial Corp. to Report Q4, 2025 Results on Feb 25, 2026 Timbercreek Financial Corp. announced that they will report Q4, 2025 results After-Market on Feb 25, 2026 Declared Dividend • Jan 26
Dividend of CA$0.058 announced Shareholders will receive a dividend of CA$0.058. Ex-date: 30th January 2026 Payment date: 13th February 2026 Dividend yield will be 9.7%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is not covered by earnings (151% earnings payout ratio) nor is it covered by cash flows (174% cash payout ratio). The dividend has increased over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 67% to bring the payout ratio under control. EPS is expected to grow by 33% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Jan 23
Timbercreek Financial Declares Monthly Dividend for the January 2026, Payable on February 13, 2026 Timbercreek Financial announced that it has declared a monthly cash dividend of $0.0575 per common share of the company to be paid on February 13, 2026 to holders of Common Shares of record on January 30, 2026. Declared Dividend • Dec 29
Dividend of CA$0.058 announced Dividend of CA$0.058 is the same as last year. Ex-date: 31st December 2025 Payment date: 15th January 2026 Dividend yield will be 10.0%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is not covered by earnings (151% earnings payout ratio) nor is it covered by cash flows (174% cash payout ratio). The dividend has increased over the past 9 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 67% to bring the payout ratio under control. EPS is expected to grow by 33% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Declared Dividend • Nov 27
Dividend of CA$0.058 announced Shareholders will receive a dividend of CA$0.058. Ex-date: 28th November 2025 Payment date: 15th December 2025 Dividend yield will be 10%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is not covered by earnings (151% earnings payout ratio) nor is it covered by cash flows (174% cash payout ratio). The dividend has increased over the past 9 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 67% to bring the payout ratio under control. EPS is expected to grow by 33% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Nov 26
Timbercreek Financial Corp. announces Monthly dividend, payable on December 15, 2025 Timbercreek Financial Corp. announced Monthly dividend of CAD 0.0575 per share payable on December 15, 2025, ex-date on November 28, 2025 and record date on November 28, 2025. Reported Earnings • Oct 31
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: CA$0.10 (down from CA$0.17 in 3Q 2024). Revenue: CA$14.8m (down 29% from 3Q 2024). Net income: CA$8.46m (down 40% from 3Q 2024). Profit margin: 57% (down from 68% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 9.2%. Earnings per share (EPS) also missed analyst estimates by 43%. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Diversified Financial industry in Canada. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 4% per year. Declared Dividend • Oct 26
Dividend of CA$0.058 announced Shareholders will receive a dividend of CA$0.058. Ex-date: 31st October 2025 Payment date: 14th November 2025 Dividend yield will be 9.5%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is not covered by earnings (131% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased over the past 9 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 46% to bring the payout ratio under control. EPS is expected to grow by 18% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Oct 23
Timbercreek Financial Declares Dividend for October 2025, Payable on November 14, 2025 Timbercreek Financial Corp. announced that it has declared a monthly cash dividend of $0.0575 per common share of the Company to be paid on November 14, 2025 to holders of Common Shares of record on October 31, 2025. Announcement • Oct 15
Timbercreek Financial Corp. to Report Q3, 2025 Results on Oct 29, 2025 Timbercreek Financial Corp. announced that they will report Q3, 2025 results on Oct 29, 2025 Declared Dividend • Sep 28
Dividend of CA$0.058 announced Shareholders will receive a dividend of CA$0.058. Ex-date: 29th September 2025 Payment date: 15th October 2025 Dividend yield will be 9.1%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is not covered by earnings (131% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased over the past 9 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 46% to bring the payout ratio under control. EPS is expected to grow by 18% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Sep 24
Timbercreek Financial Corp. Declares Monthly Cash Dividend for September 2025, Payable on October 15, 2025 Timbercreek Financial Corp. announced that it has declared a monthly cash dividend of $0.0575 per common share (Common Share) of the Company to be paid on October 15, 2025 to holders of Common Shares of record on September 29, 2025. Declared Dividend • Aug 25
Dividend of CA$0.058 announced Shareholders will receive a dividend of CA$0.058. Ex-date: 29th August 2025 Payment date: 15th September 2025 Dividend yield will be 9.0%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is not covered by earnings (131% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased over the past 9 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 46% to bring the payout ratio under control. EPS is expected to grow by 18% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Aug 22
Timbercreek Financial Corp. Declares Cash Dividend for August 2025, Payable on September 15, 2025 Timbercreek Financial Corp. declared a monthly cash dividend of $0.0575 per common share (Common Share) of the Company to be paid on September 15, 2025 to holders of Common Shares of record on August 29, 2025. Reported Earnings • Aug 01
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: CA$0.15 (down from CA$0.18 in 2Q 2024). Revenue: CA$16.0m (down 28% from 2Q 2024). Net income: CA$12.4m (down 20% from 2Q 2024). Profit margin: 78% (up from 69% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 10%. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Diversified Financial industry in Canada. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 3% per year. Declared Dividend • Jul 25
Dividend of CA$0.058 announced Shareholders will receive a dividend of CA$0.058. Ex-date: 31st July 2025 Payment date: 15th August 2025 Dividend yield will be 8.9%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is not covered by earnings (123% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased over the past 9 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 37% to bring the payout ratio under control. EPS is expected to grow by 13% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Jul 23
Timbercreek Financial Declares July 2025 Dividend, Payable on August 15, 2025 Timbercreek Financial Corp. declared a monthly cash dividend of $0.0575 per common share (“Common Share”) of the Company to be paid on August 15, 2025 to holders of Common Shares of record on July 31, 2025. Announcement • Jul 18
Timbercreek Financial Corp. to Report Q2, 2025 Results on Jul 30, 2025 Timbercreek Financial Corp. announced that they will report Q2, 2025 results at 4:00 PM, US Eastern Standard Time on Jul 30, 2025 Declared Dividend • Jun 27
Dividend of CA$0.058 announced Shareholders will receive a dividend of CA$0.058. Ex-date: 30th June 2025 Payment date: 15th July 2025 Dividend yield will be 9.0%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is not covered by earnings (123% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased over the past 9 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 37% to bring the payout ratio under control. EPS is expected to grow by 13% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Jun 24
Timbercreek Financial Corp. Declares Dividend for June 2025, Payable on July 15, 2025 Timbercreek Financial announced that it has declared a monthly cash dividend of $0.0575 per common share of the Company to be paid on July 15, 2025 to holders of Common Shares of record on June 30, 2025. Declared Dividend • May 29
Dividend of CA$0.058 announced Dividend of CA$0.058 is the same as last year. Ex-date: 30th May 2025 Payment date: 13th June 2025 Dividend yield will be 9.3%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is not covered by earnings (123% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased over the past 9 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 37% to bring the payout ratio under control. EPS is expected to grow by 13% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • May 24
Timbercreek Financial Corp. Declares May 2025 Dividend, Payable on June 13, 2025 Timbercreek Financial Corp. announced that it has declared a monthly cash dividend of CAD 0.0575 per common share of the Company to be paid on June 13, 2025 to holders of Common Shares of record on May 30, 2025. Reported Earnings • May 08
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: CA$0.18 (up from CA$0.17 in 1Q 2024). Revenue: CA$21.1m (flat on 1Q 2024). Net income: CA$14.8m (up 2.8% from 1Q 2024). Profit margin: 70% (up from 68% in 1Q 2024). Revenue exceeded analyst estimates by 6.5%. Earnings per share (EPS) also surpassed analyst estimates by 5.9%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Diversified Financial industry in Canada. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Declared Dividend • Apr 25
Dividend of CA$0.058 announced Shareholders will receive a dividend of CA$0.058. Ex-date: 30th April 2025 Payment date: 15th May 2025 Dividend yield will be 9.9%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is not covered by earnings (124% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased over the past 9 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 38% to bring the payout ratio under control. EPS is expected to grow by 22% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Apr 24
Timbercreek Financial Corp. announces Monthly dividend, payable on May 15, 2025 Timbercreek Financial Corp. announced Monthly dividend of CAD 0.0575 per share payable on May 15, 2025, ex-date on April 30, 2025 and record date on April 30, 2025. Announcement • Apr 18
Timbercreek Financial Corp. to Report Q1, 2025 Results on May 05, 2025 Timbercreek Financial Corp. announced that they will report Q1, 2025 results After-Market on May 05, 2025 Announcement • Mar 25
Timbercreek Financial Declares March 2025 Dividend, Payable on April 15, 2025 Timbercreek Financial Corp. announced Monthly dividend of CAD 0.0575 per share payable on April 15, 2025, to holders of Common Shares of record on March 31, 2025. Reported Earnings • Feb 26
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: CA$0.56 (down from CA$0.80 in FY 2023). Revenue: CA$72.5m (down 17% from FY 2023). Net income: CA$46.2m (down 31% from FY 2023). Profit margin: 64% (down from 76% in FY 2023). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Diversified Financial industry in Canada. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Feb 25
Timbercreek Financial Corp., Annual General Meeting, May 07, 2025 Timbercreek Financial Corp., Annual General Meeting, May 07, 2025. Announcement • Feb 19
Timbercreek Financial Corp. to Report Q4, 2024 Results on Feb 25, 2025 Timbercreek Financial Corp. announced that they will report Q4, 2024 results After-Market on Feb 25, 2025 New Risk • Feb 03
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (8.8% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risk Dividend is not well covered by earnings (98% payout ratio). Declared Dividend • Jan 27
Dividend of CA$0.058 announced Shareholders will receive a dividend of CA$0.058. Ex-date: 31st January 2025 Payment date: 14th February 2025 Dividend yield will be 11%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is not adequately covered by earnings (98% earnings payout ratio). However, it is covered by cash flows (76% cash payout ratio). The dividend has increased over the past 9 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 8.4% to bring the payout ratio under control. EPS is expected to grow by 2.6% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Jan 24
Timbercreek Financial Corp. Declares January 2025 Dividend, Payable on February 14, 2025 Timbercreek Financial announced that it has declared a monthly cash dividend of $0.0575 per common share (“Common Share”) of the Company to be paid on February 14, 2025 to holders of Common Shares of record on January 31, 2025. Declared Dividend • Dec 23
Dividend of CA$0.058 announced Shareholders will receive a dividend of CA$0.058. Ex-date: 31st December 2024 Payment date: 15th January 2025 Dividend yield will be 11%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is not adequately covered by earnings (98% earnings payout ratio). However, it is covered by cash flows (76% cash payout ratio). The dividend has increased over the past 8 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 8.4% to bring the payout ratio under control. EPS is expected to grow by 2.6% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Dec 20
Timbercreek Financial Corp. Declares December 2024 Dividend, Payable on January 15, 2025 Timbercreek Financial announced that it has declared a monthly cash dividend of $0.0575 per common share of the Company to be paid on January 15, 2025 to holders of Common Shares of record on December 31, 2024. Board Change • Dec 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Independent Director Deb Robinson was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Nov 25
Dividend of CA$0.058 announced Shareholders will receive a dividend of CA$0.058. Ex-date: 29th November 2024 Payment date: 13th December 2024 Dividend yield will be 9.6%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is not adequately covered by earnings (98% earnings payout ratio). However, it is covered by cash flows (76% cash payout ratio). The dividend has increased over the past 8 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 8.4% to bring the payout ratio under control. EPS is expected to grow by 2.6% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Nov 22
Timbercreek Financial Declares November 2024 Dividend, Payable on December 13, 2024 Timbercreek Financial announced that it has declared a monthly cash dividend of $0.0575 per common share of the Company to be paid on December 13, 2024 to holders of Common Shares of record on November 29, 2024. Reported Earnings • Nov 01
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: CA$0.17 (down from CA$0.20 in 3Q 2023). Revenue: CA$20.8m (down 2.6% from 3Q 2023). Net income: CA$14.1m (down 15% from 3Q 2023). Profit margin: 68% (down from 77% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 7.5%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Diversified Financial industry in Canada. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Declared Dividend • Oct 27
Dividend of CA$0.058 announced Shareholders will receive a dividend of CA$0.058. Ex-date: 31st October 2024 Payment date: 15th November 2024 Dividend yield will be 9.2%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio). However, it is covered by cash flows (73% cash payout ratio). The dividend has increased over the past 8 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 4.2% to bring the payout ratio under control. EPS is expected to grow by 1.5% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Oct 24
Timbercreek Financial Declares October 2024 Dividend, Payable on November 15, 2024 Timbercreek Financial Corp. announced that it has declared a monthly cash dividend of $0.0575 per common share of the Company to be paid on November 15, 2024 to holders of Common Shares of record on October 31, 2024. Announcement • Oct 17
Timbercreek Financial Corp. to Report Q3, 2024 Results on Oct 30, 2024 Timbercreek Financial Corp. announced that they will report Q3, 2024 results After-Market on Oct 30, 2024 Recent Insider Transactions • Oct 09
Non-Independent Chair & CEO recently sold CA$175k worth of stock On the 4th of October, Robert Tamblyn sold around 22k shares on-market at roughly CA$8.13 per share. This transaction amounted to 9.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Robert has been a net seller over the last 12 months, reducing personal holdings by CA$234k. Recent Insider Transactions • Oct 02
Non-Independent Chair & CEO recently sold CA$74k worth of stock On the 27th of September, Robert Tamblyn sold around 9k shares on-market at roughly CA$8.17 per share. This transaction amounted to 3.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Robert has been a net seller over the last 12 months, reducing personal holdings by CA$59k. Declared Dividend • Sep 26
Dividend of CA$0.058 announced Shareholders will receive a dividend of CA$0.058. Ex-date: 27th September 2024 Payment date: 15th October 2024 Dividend yield will be 9.1%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio). However, it is covered by cash flows (73% cash payout ratio). The dividend has increased over the past 8 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 4.2% to bring the payout ratio under control. EPS is expected to grow by 1.5% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Declared Dividend • Aug 26
Dividend of CA$0.058 announced Shareholders will receive a dividend of CA$0.058. Ex-date: 30th August 2024 Payment date: 13th September 2024 Dividend yield will be 9.4%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio). However, it is covered by cash flows (73% cash payout ratio). The dividend has increased over the past 8 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 4.2% to bring the payout ratio under control. However, EPS is expected to remain steady over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Aug 23
Timbercreek Financial Declares Dividend for the Month of August 2024, Payable on September 13, 2024 Timbercreek Financial announced that it has declared a monthly cash dividend of $0.0575 per common share for the month of August 2024. The dividend to be paid on September 13, 2024 to holders of Common Shares of record on August 30, 2024. Reported Earnings • Aug 02
Second quarter 2024 earnings: EPS in line with expectations, revenues disappoint Second quarter 2024 results: EPS: CA$0.19 (down from CA$0.20 in 2Q 2023). Revenue: CA$35.6m (up 66% from 2Q 2023). Net income: CA$15.4m (down 9.0% from 2Q 2023). Profit margin: 43% (down from 78% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Diversified Financial industry in Canada. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Declared Dividend • Jul 26
Dividend of CA$0.058 announced Shareholders will receive a dividend of CA$0.058. Ex-date: 31st July 2024 Payment date: 15th August 2024 Dividend yield will be 9.7%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio). However, it is covered by cash flows (71% cash payout ratio). The dividend has increased over the past 8 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 1.9% to bring the payout ratio under control. However, EPS is expected to decline by 4.5% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Jul 24
Timbercreek Financial Declares a Monthly Cash Dividend, Payable on August 15, 2024 Timbercreek Financial declared a monthly cash dividend of $0.0575 per common share (“Common Share”) of the Company to be paid on August 15, 2024 to holders of Common Shares of record on July 31, 2024. Announcement • Jul 05
Timbercreek Financial Corp. to Report Q2, 2024 Results on Jul 31, 2024 Timbercreek Financial Corp. announced that they will report Q2, 2024 results After-Market on Jul 31, 2024 Declared Dividend • Jun 24
Dividend of CA$0.058 announced Shareholders will receive a dividend of CA$0.058. Ex-date: 28th June 2024 Payment date: 15th July 2024 Dividend yield will be 10%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio). However, it is covered by cash flows (71% cash payout ratio). The dividend has increased over the past 8 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 1.9% to bring the payout ratio under control. However, EPS is expected to decline by 4.5% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Jun 21
Timbercreek Financial Corp. Declares June 2024 Cash Dividend Payable on July 15, 2024 Timbercreek Financial Corp. announced that it has declared a monthly cash dividend of $0.0575 per common share of the Company to be paid on July 15, 2024 to holders of Common Shares of record on June 28, 2024. Declared Dividend • May 27
Dividend of CA$0.058 announced Shareholders will receive a dividend of CA$0.058. Ex-date: 31st May 2024 Payment date: 14th June 2024 Dividend yield will be 10%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio). However, it is covered by cash flows (71% cash payout ratio). The dividend has increased over the past 8 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 2.8% to bring the payout ratio under control. However, EPS is expected to decline by 3.8% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • May 24
Timbercreek Financial Declares May 2024 Dividend, Payable on June 14, 2024 Timbercreek Financial announced that it has declared a monthly cash dividend of $0.0575 per common share (“Common Share”) of the Company to be paid on June 14, 2024 to holders of Common Shares of record on May 31, 2024. Reported Earnings • May 07
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: CA$0.17 (down from CA$0.22 in 1Q 2023). Revenue: CA$21.2m (down 6.5% from 1Q 2023). Net income: CA$14.4m (down 21% from 1Q 2023). Profit margin: 68% (down from 80% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 6.0%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Diversified Financial industry in Canada. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • May 01
Timbercreek Financial Corp. to Report Q1, 2024 Results on May 06, 2024 Timbercreek Financial Corp. announced that they will report Q1, 2024 results After-Market on May 06, 2024 Declared Dividend • Apr 27
Dividend of CA$0.058 announced Shareholders will receive a dividend of CA$0.058. Ex-date: 29th April 2024 Payment date: 15th May 2024 Dividend yield will be 9.8%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by both earnings (87% earnings payout ratio) and cash flows (64% cash payout ratio). The dividend has increased over the past 8 years and payments have been stable during that time. EPS is expected to decline by 9.7% over the next 2 years. Since a fall of 3.6% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Announcement • Apr 24
Timbercreek Financial Declares Monthly Cash Dividend for April 2024, Payable on May 15, 2024 Timbercreek Financial announced that it has declared a monthly cash dividend of $0.0575 per common share of the Company to be paid on May 15, 2024 to holders of Common Shares of record on April 30, 2024. Declared Dividend • Mar 25
Dividend of CA$0.058 announced Shareholders will receive a dividend of CA$0.058. Ex-date: 27th March 2024 Payment date: 15th April 2024 Dividend yield will be 9.6%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by both earnings (87% earnings payout ratio) and cash flows (64% cash payout ratio). The dividend has increased over the past 8 years and payments have been stable during that time. EPS is expected to decline by 9.7% over the next 2 years. Since a fall of 3.6% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Announcement • Mar 22
Timbercreek Financial Declares Monthly Cash Dividend for March 2024, Payable on April 15, 2024 Timbercreek Financial announced that it has declared a monthly cash dividend of $0.0575 per common share of the Company to be paid on April 15, 2024 to holders of Common Shares of record on March 28, 2024. Declared Dividend • Mar 01
Dividend of CA$0.058 announced Shareholders will receive a dividend of CA$0.058. Ex-date: 4th March 2024 Payment date: 11th March 2024 Dividend yield will be 9.7%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by both earnings (87% earnings payout ratio) and cash flows (64% cash payout ratio). The dividend has increased over the past 8 years and payments have been stable during that time. EPS is expected to decline by 7.7% over the next 2 years. Since a fall of 3.1% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Price Target Changed • Feb 28
Price target increased by 12% to CA$8.56 Up from CA$7.67, the current price target is an average from 3 analysts. New target price is 11% above last closing price of CA$7.73. Stock is down 7.0% over the past year. The company is forecast to post earnings per share of CA$0.74 for next year compared to CA$0.80 last year. Reported Earnings • Feb 27
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: CA$0.80 (up from CA$0.67 in FY 2022). Revenue: CA$87.5m (up 20% from FY 2022). Net income: CA$66.4m (up 19% from FY 2022). Profit margin: 76% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.9%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Diversified Financial industry in Canada. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Declared Dividend • Feb 25
Dividend of CA$0.058 announced Shareholders will receive a dividend of CA$0.058. Ex-date: 28th February 2024 Payment date: 15th March 2024 Dividend yield will be 9.5%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by both earnings (87% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has increased over the past 8 years and payments have been stable during that time. EPS is expected to decline by 4.1% over the next year. A fall of 3.1% would increase the payout ratio to a potentially unsustainable range, which means the dividend may be at risk. Announcement • Feb 22
Timbercreek Financial Corp. Declares Cash Dividend for the February 2024, Payable on March 15, 2024 Timbercreek Financial announced that it has declared a monthly cash dividend of $0.0575 per common share of the Company for February 2024 to be paid on March 15, 2024 to holders of Common Shares of record on February 29, 2024. Announcement • Feb 21
Timbercreek Financial Corp. to Report Q4, 2023 Results on Feb 27, 2024 Timbercreek Financial Corp. announced that they will report Q4, 2023 results Pre-Market on Feb 27, 2024 Declared Dividend • Jan 26
Dividend of CA$0.058 announced Shareholders will receive a dividend of CA$0.058. Ex-date: 30th January 2024 Payment date: 15th February 2024 Dividend yield will be 9.5%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by both earnings (87% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has increased over the past 8 years and payments have been stable during that time. EPS is expected to decline by 8.0% over the next 2 years. Since a fall of 3.1% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Recent Insider Transactions • Jan 02
Independent Director recently bought CA$53k worth of stock On the 27th of December, Deborah Robinson bought around 8k shares on-market at roughly CA$6.68 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$191k more in shares than they have sold in the last 12 months. Announcement • Dec 20
Timbercreek Financial Corp. Declares December 2023 Dividend, Payable on January 15, 2024 Timbercreek Financial Corp. announced that it has declared a monthly cash dividend of $0.0575 per common share (“Common Share”) of the Company to be paid on January 15, 2024 to holders of Common Shares of record on December 29, 2023. Announcement • Nov 23
Timbercreek Financial Declares November 2023 Dividend, Payable on December 15, 2023 Timbercreek Financial announced that it has declared a monthly cash dividend of $0.0575 per common share of the Company to be paid on December 15, 2023 to holders of Common Shares of record on November 30, 2023. Price Target Changed • Nov 05
Price target decreased by 8.8% to CA$7.75 Down from CA$8.50, the current price target is an average from 4 analysts. New target price is 18% above last closing price of CA$6.55. Stock is down 12% over the past year. The company is forecast to post earnings per share of CA$0.80 for next year compared to CA$0.67 last year. New Risk • Oct 31
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (9.0% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. Minor Risk Dividend is not well covered by earnings (91% payout ratio). Announcement • Sep 23
Timbercreek Financial Corp. Declares Cash Dividend for September 2023, Payable on October 13, 2023 Timbercreek Financial Corp. announced that it has declared a monthly cash dividend of $0.0575 per common share (Common Share) of the Company to be paid on October 13, 2023 to holders of Common Shares of record on September 29, 2023.