Definity Financial Dividend
What is Definity Financial current dividend yield, its reliability and sustainability?
Dividend Score
2/6Dividend Score 2/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
1.44%
Current Dividend Yield
Stability and Growth of Payments
| Month | Dividend Per Share (annual) | Avg. Yield (%) |
|---|---|---|
| 12/31/2024 | 0.62 | 7 |
| 12/31/2023 | 0.56 | 7 |
| 2/4/2023 | 0.5 | 1.44 |
| 8/5/2022 | 0.5 | 1.3 |
| 8/2/2022 | 0.5 | 1.33 |
| 2/10/2022 | 0.62 | 1.97 |
Stable Dividend: Too early to tell whether DFY's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if DFY's dividend payments are increasing as they only just started paying a dividend.
Dividend Yield vs Market
| Definity Financial Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (DFY) | 1.4% |
| Market Bottom 25% (CA) | 1.8% |
| Market Top 25% (CA) | 5.8% |
| Industry Average (Insurance) | 4.0% |
| Analyst forecast in 3 Years (DFY) | 1.7% |
Notable Dividend: DFY's dividend (1.44%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.79%).
High Dividend: DFY's dividend (1.44%) is low compared to the top 25% of dividend payers in the Canadian market (5.74%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (33.5%), DFY's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (15.6%), DFY's dividend payments are well covered by cash flows.