Definity Financial Dividends and Buybacks
Dividend criteria checks 2/6
Definity Financial is a dividend paying company with a current yield of 1.12% that is well covered by earnings. Next payment date is on 27th December, 2024 with an ex-dividend date of 13th December, 2024.
Key information
1.1%
Dividend yield
0.7%
Buyback Yield
| Total Shareholder Yield | 1.8% |
| Future Dividend Yield | 1.3% |
| Dividend Growth | -11.2% |
| Next dividend pay date | 27 Dec 24 |
| Ex dividend date | 13 Dec 24 |
| Dividend per share | CA$0.640 |
| Payout ratio | 13% |
Recent dividend and buyback updates
Recent updates
Here's Why We Think Definity Financial (TSE:DFY) Is Well Worth Watching
Jul 23
Earnings Not Telling The Story For Definity Financial Corporation (TSE:DFY)
Jun 03Definity Financial (TSE:DFY) Is Increasing Its Dividend To CA$0.16
Mar 10Is Now The Time To Put Definity Financial (TSE:DFY) On Your Watchlist?
Feb 24Definity Financial Corporation's (TSE:DFY) Popularity With Investors Is Under Threat From Overpricing
Jan 20Do Definity Financial's (TSE:DFY) Earnings Warrant Your Attention?
May 24Stability and Growth of Payments
Fetching dividends data
Stable Dividend: DFY has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: DFY's dividend payments have increased, but the company has only paid a dividend for 3 years.
Dividend Yield vs Market
| Definity Financial Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (DFY) | 1.1% |
| Market Bottom 25% (CA) | 1.8% |
| Market Top 25% (CA) | 6.4% |
| Industry Average (Insurance) | 3.2% |
| Analyst forecast (DFY) (up to 3 years) | 1.3% |
Notable Dividend: DFY's dividend (1.12%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.81%).
High Dividend: DFY's dividend (1.12%) is low compared to the top 25% of dividend payers in the Canadian market (6.45%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (13.1%), DFY's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (31.3%), DFY's dividend payments are well covered by cash flows.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 04:39 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Definity Financial Corporation is covered by 13 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Aiken | Barclays |
| Tom MacKinnon | BMO Capital Markets Equity Research |
| Paul Holden | CIBC Capital Markets |