Definity Financial Corporation

TSX:DFY Stock Report

Market Cap: CA$5.1b

Definity Financial Dividend

Dividend criteria checks 2/6

Definity Financial is a dividend paying company with a current yield of 1.43% that is well covered by earnings.

Key information

1.4%

Dividend yield

18%

Payout ratio

Industry average yield3.9%
Next dividend pay daten/a
Ex dividend daten/a
Dividend per sharen/a
Earnings per shareCA$3.05
Dividend yield forecast in 3Y1.4%

Recent dividend updates

Definity Financial (TSE:DFY) Is Increasing Its Dividend To CA$0.16

Mar 10
Definity Financial (TSE:DFY) Is Increasing Its Dividend To CA$0.16

Recent updates

Definity Financial (TSE:DFY) Is Increasing Its Dividend To CA$0.16

Mar 10
Definity Financial (TSE:DFY) Is Increasing Its Dividend To CA$0.16

Is Now The Time To Put Definity Financial (TSE:DFY) On Your Watchlist?

Feb 24
Is Now The Time To Put Definity Financial (TSE:DFY) On Your Watchlist?

Definity Financial Corporation's (TSE:DFY) Popularity With Investors Is Under Threat From Overpricing

Jan 20
Definity Financial Corporation's (TSE:DFY) Popularity With Investors Is Under Threat From Overpricing

Do Definity Financial's (TSE:DFY) Earnings Warrant Your Attention?

May 24
Do Definity Financial's (TSE:DFY) Earnings Warrant Your Attention?

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: Whilst dividend payments have been stable, DFY has been paying a dividend for less than 10 years.

Growing Dividend: DFY's dividend payments have increased, but the company has only paid a dividend for 2 years.


Dividend Yield vs Market

Definity Financial Dividend Yield vs Market
How does DFY dividend yield compare to the market?
SegmentDividend Yield
Company (DFY)1.4%
Market Bottom 25% (CA)2.0%
Market Top 25% (CA)6.4%
Industry Average (Insurance)3.9%
Analyst forecast in 3 Years (DFY)1.4%

Notable Dividend: DFY's dividend (1.43%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.98%).

High Dividend: DFY's dividend (1.43%) is low compared to the top 25% of dividend payers in the Canadian market (6.36%).


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (18.1%), DFY's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (27.8%), DFY's dividend payments are well covered by cash flows.


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