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 yield | 3.9% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | CA$3.05 |
Dividend yield forecast in 3Y | 1.4% |
Recent dividend updates
Recent updates
Definity 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: 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 |
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Segment | Dividend 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.