Definity Financial Corporation

TSX:DFY Stock Report

Mkt Cap: CA$4.0b

Definity Financial Dividend

What is Definity Financial current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend 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

How stable has Definity Financial's dividend per share been in the past?
MonthDividend Per Share (annual)Avg. Yield (%)
12/31/20240.627
12/31/20230.567
2/4/20230.51.44
8/5/20220.51.3
8/2/20220.51.33
2/10/20220.621.97

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
How does DFY dividend yield compare to the market?
SegmentDividend 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.


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