Declared Dividend • Jun 04
First quarter dividend of CA$0.0075 announced Dividend of CA$0.0075 is the same as last year. Ex-date: 26th June 2026 Payment date: 9th July 2026 Dividend yield will be 7.8%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (110% cash payout ratio). The dividend has not increased over the past 9 years but payments have been stable during that time. Announcement • May 30
Findev Inc. Announces Dividend, Payable on July 9, 2026 and October 9, 2026 Findev Inc. announced that on May 28, 2026, the Board of Directors of the Corporation declared the following dividends: Declared paid per Share: $0.0075 per share. Ex-Dividend Date: June 26, 2026 and September 23, 2026. Record Date: June 26, 2026 and September 23, 2026. Dividend to Paid on July 9, 2026 and October 9, 2026. Estimated Aggregated Amount: $214,855.86 and $214,855.86. Announcement • Apr 16
Findev Inc. announces Quarterly dividend, payable on May 06, 2026 Findev Inc. announced Quarterly dividend of CAD 0.0075 per share payable on May 06, 2026, ex-date on April 29, 2026 and record date on April 29, 2026. Declared Dividend • Nov 14
Third quarter dividend of CA$0.0075 announced Dividend of CA$0.0075 is the same as last year. Ex-date: 30th December 2025 Payment date: 15th January 2026 Dividend yield will be 7.2%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not adequately covered by cash flows (95% cash payout ratio). The dividend has not increased over the past 9 years but payments have been stable during that time. Announcement • Nov 13
Findev Inc. announces Quarterly dividend, payable on January 15, 2026 Findev Inc. announced Quarterly dividend of CAD 0.0075 per share payable on January 15, 2026, ex-date on December 30, 2025 and record date on December 30, 2025. New Risk • Aug 26
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 364% Cash payout ratio: 103% Dividend yield: 7.0% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 364% Cash payout ratio: 103% Earnings have declined by 8.8% per year over the past 5 years. Revenue is less than US$1m (CA$411k revenue, or US$297k). Market cap is less than US$10m (CA$12.9m market cap, or US$9.32m). Declared Dividend • Jul 18
Dividend of CA$0.0075 announced Shareholders will receive a dividend of CA$0.0075. Ex-date: 25th September 2025 Payment date: 17th October 2025 Dividend yield will be 7.1%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but not adequately covered by cash flows (100% cash payout ratio). The dividend has not increased over the past 9 years but payments have been stable during that time. Earnings per share has grown by 6.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Declared Dividend • Jun 06
First quarter dividend of CA$0.0075 announced Dividend of CA$0.0075 is the same as last year. Ex-date: 26th June 2025 Payment date: 17th July 2025 Dividend yield will be 6.9%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but not adequately covered by cash flows (100% cash payout ratio). The dividend has not increased over the past 8 years but payments have been stable during that time. Earnings per share has grown by 6.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • May 30
New major risk - Revenue and earnings growth Earnings have declined by 1.8% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 Earnings have declined by 1.8% per year over the past 5 years. Market cap is less than US$10m (CA$12.9m market cap, or US$9.39m). Minor Risks Dividend is not well covered by cash flows (100% cash payout ratio). Revenue is less than US$5m (CA$3.0m revenue, or US$2.2m). Announcement • May 30
Findev Inc. Declares Dividends, Payable on July 17 2025 and October 17, 2025, Respectively Findev Inc. announced that on May 28, the Directors of the Corporations declared the following dividends: Declared paid per Share: $0.0075. Record Dates: June 26, 2025 and September 25, 2025. Ex-Dividend dates: June 25, 2025 and September 24, 2025. Dividend to be Paid on: July 17 2025 and October 17, 2025. Estimated Aggregated Amount: $214,855.86. New Risk • Feb 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (151% cash payout ratio). Share price has been volatile over the past 3 months (13% average weekly change). Revenue is less than US$5m (CA$3.7m revenue, or US$2.6m). Market cap is less than US$100m (CA$14.9m market cap, or US$10.5m). Declared Dividend • Jan 17
Dividend of CA$0.0075 announced Shareholders will receive a dividend of CA$0.0075. Ex-date: 28th March 2025 Payment date: 17th April 2025 Dividend yield will be 6.0%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by earnings (38% earnings payout ratio) but not covered by cash flows (151% cash payout ratio). The dividend has not increased over the past 8 years but payments have been stable during that time. Earnings per share has grown by 7.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Declared Dividend • Nov 22
Dividend of CA$0.0075 announced Shareholders will receive a dividend of CA$0.0075. Ex-date: 20th December 2024 Payment date: 16th January 2025 Dividend yield will be 8.2%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by earnings (41% earnings payout ratio) but not covered by cash flows (103% cash payout ratio). The dividend has not increased over the past 8 years but payments have been stable during that time. Earnings per share has grown by 4.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Sep 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Shares are highly illiquid. Market cap is less than US$10m (CA$11.7m market cap, or US$8.64m). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Declared Dividend • Jun 27
Dividend of CA$0.0075 announced Shareholders will receive a dividend of CA$0.0075. Ex-date: 25th September 2024 Payment date: 16th October 2024 Dividend yield will be 7.2%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by earnings (43% earnings payout ratio) but not covered by cash flows (104% cash payout ratio). The dividend has not increased over the past 8 years but payments have been stable during that time. Earnings per share has grown by 4.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Apr 21
Findev Inc., Annual General Meeting, Jun 19, 2024 Findev Inc., Annual General Meeting, Jun 19, 2024. Board Change • Apr 17
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. 5 experienced directors. 1 highly experienced director. Director Anthony Heller was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 16
Findev Inc. Declares Dividends, Payable on July 18, 2024 and October 16, 2024, Respectively Findev Inc. declared dividends of $0.0075 per share. Record dates are June 27, 2024 and September 26, 2024, Ex-dividend (1 days before) dates are June 26, 2024 and September 25, 2024, Dividend to be paid on July 18, 2024 and October 16, 2024. Declared Dividend • Apr 15
Dividend of CA$0.0075 announced Shareholders will receive a dividend of CA$0.0075. Ex-date: 26th June 2024 Payment date: 18th July 2024 Dividend yield will be 7.6%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by earnings (59% earnings payout ratio) but not adequately covered by cash flows (97% cash payout ratio). The dividend has not increased over the past 7 years but payments have been stable during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. New Risk • Nov 14
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (CA$10.2m market cap, or US$7.37m). Minor Risks Dividend is not well covered by cash flows (97% cash payout ratio). Share price has been volatile over the past 3 months (14% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (45% net profit margin). Revenue is less than US$5m (CA$3.3m revenue, or US$2.4m). Announcement • May 09
Findev Inc. Announces Dividend, Payable on July 20, 2023, October 19, 2023, January 18, 2024, April 18, 2023 Findev Inc. announced dividend of $0.0075 per share. Record dates are June 29, 2023, September 28, 2023, December 28, 2023 and March 28, 2023. Ex-dividend dates are June 28, 2023, September 27, 2023, December 27, 2023 and March 27, 2023. Dividend to paid on July 20, 2023, October 19, 2023, January 18, 2024, April 18, 2023. Board Change • Nov 22
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. 5 experienced directors. 1 highly experienced director. Director Anthony Heller was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 24
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. 5 experienced directors. 1 highly experienced director. Director Anthony Heller was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
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. 5 experienced directors. 1 highly experienced director. Director Anthony Heller was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 30
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. 6 experienced directors. No highly experienced directors. Director Anthony Heller was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Is New 90 Day High Low • Jan 08
New 90-day high: CA$0.53 The company is up 20% from its price of CA$0.44 on 07 October 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Mortgage industry, which is up 24% over the same period.