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Delaware Investments Dividend and Income Fund

NYSE:DDF
Snowflake Description

Average dividend payer with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DDF
NYSE
$100M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Delaware Investments Dividend and Income Fund, Inc. The last earnings update was 40 days ago. More info.


Add to Portfolio Compare Print
  • Delaware Investments Dividend and Income Fund is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
DDF Share Price and Events
7 Day Returns
3.2%
NYSE:DDF
2.6%
US Capital Markets
2.4%
US Market
1 Year Returns
22.3%
NYSE:DDF
-12.6%
US Capital Markets
1.9%
US Market
DDF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Delaware Investments Dividend and Income Fund (DDF) 3.2% -2.4% 11.7% 22.3% 45% 38.1%
US Capital Markets 2.6% -0% 10.2% -12.6% 54.7% 55.6%
US Market 2.4% 1.7% 11.9% 1.9% 38.2% 42.4%
1 Year Return vs Industry and Market
  • DDF outperformed the Capital Markets industry which returned -12.6% over the past year.
  • DDF outperformed the Market in United States of America which returned 1.9% over the past year.

DDF Value

 Is Delaware Investments Dividend and Income Fund undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Delaware Investments Dividend and Income Fund to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Delaware Investments Dividend and Income Fund.

NYSE:DDF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $11.09 * 8.6%
$0.96
Book Value of Equity per Share Median Book Value from the past 5 years. $11.09
Discount Rate (Cost of Equity) See below 8.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:DDF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.726 (1 + (1- 21%) (39.99%))
0.97
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.97 * 5.96%)
8.51%

Discounted Cash Flow Calculation for NYSE:DDF using Excess Returns Model Model

The calculations below outline how an intrinsic value for Delaware Investments Dividend and Income Fund is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NYSE:DDF Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.6% – 8.51%) * $11.09)
$0.01
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.01 / (8.51% - 2.73%)
$0.25
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $11.09 + $0.25
$11.33
NYSE:DDF Discount to Share Price
Calculation Result
Value per share (USD) From above. $11.33
Current discount Discount to share price of $13.01
= -1 x ($13.01 - $11.33) / $11.33
-14.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Delaware Investments Dividend and Income Fund is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Delaware Investments Dividend and Income Fund's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Delaware Investments Dividend and Income Fund's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:DDF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-11-30) in USD $0.29
NYSE:DDF Share Price ** NYSE (2019-03-18) in USD $13.01
United States of America Capital Markets Industry PE Ratio Median Figure of 76 Publicly-Listed Capital Markets Companies 24.89x
United States of America Market PE Ratio Median Figure of 3,055 Publicly-Listed Companies 17.61x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Delaware Investments Dividend and Income Fund.

NYSE:DDF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:DDF Share Price ÷ EPS (both in USD)

= 13.01 ÷ 0.29

44.56x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Delaware Investments Dividend and Income Fund is overvalued based on earnings compared to the US Capital Markets industry average.
  • Delaware Investments Dividend and Income Fund is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Delaware Investments Dividend and Income Fund's expected growth come at a high price?
Raw Data
NYSE:DDF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 44.56x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 33 Publicly-Listed Capital Markets Companies 2.2x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Delaware Investments Dividend and Income Fund, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Delaware Investments Dividend and Income Fund's assets?
Raw Data
NYSE:DDF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-11-30) in USD $11.09
NYSE:DDF Share Price * NYSE (2019-03-18) in USD $13.01
United States of America Capital Markets Industry PB Ratio Median Figure of 149 Publicly-Listed Capital Markets Companies 4.76x
United States of America Market PB Ratio Median Figure of 5,152 Publicly-Listed Companies 1.87x
NYSE:DDF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:DDF Share Price ÷ Book Value per Share (both in USD)

= 13.01 ÷ 11.09

1.17x

* Primary Listing of Delaware Investments Dividend and Income Fund.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Delaware Investments Dividend and Income Fund is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Delaware Investments Dividend and Income Fund's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Delaware Investments Dividend and Income Fund has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

DDF Future Performance

 How is Delaware Investments Dividend and Income Fund expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Delaware Investments Dividend and Income Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.4%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Delaware Investments Dividend and Income Fund expected to grow at an attractive rate?
  • Unable to compare Delaware Investments Dividend and Income Fund's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Delaware Investments Dividend and Income Fund's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Delaware Investments Dividend and Income Fund's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NYSE:DDF Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 6.4%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:DDF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:DDF Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-11-30 4 11 2
2018-08-31 4 11 5
2018-05-31 4 12 8
2018-02-28 5 10 10
2017-11-30 5 8 13
2017-08-31 5 7 12
2017-05-31 5 5 11
2017-02-28 5 6 11
2016-11-30 5 7 11
2016-08-31 5 11 5
2016-05-31 5 14 -1
2016-02-29 5 10 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Delaware Investments Dividend and Income Fund is high growth as no earnings estimate data is available.
  • Unable to determine if Delaware Investments Dividend and Income Fund is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:DDF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Delaware Investments Dividend and Income Fund Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:DDF Past Financials Data
Date (Data in USD Millions) EPS *
2018-11-30 0.29
2018-08-31 0.64
2018-05-31 1.00
2018-02-28 1.32
2017-11-30 1.64
2017-08-31 1.53
2017-05-31 1.34
2017-02-28 1.36
2016-11-30 1.38
2016-08-31 0.63
2016-05-31 -0.11
2016-02-29 -0.21

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Delaware Investments Dividend and Income Fund will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Delaware Investments Dividend and Income Fund's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Delaware Investments Dividend and Income Fund has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

DDF Past Performance

  How has Delaware Investments Dividend and Income Fund performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Delaware Investments Dividend and Income Fund's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Delaware Investments Dividend and Income Fund's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Delaware Investments Dividend and Income Fund's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Delaware Investments Dividend and Income Fund's 1-year earnings growth is negative, it can't be compared to the US Capital Markets industry average.
Earnings and Revenue History
Delaware Investments Dividend and Income Fund's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Delaware Investments Dividend and Income Fund Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:DDF Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-11-30 4.33 2.24 1.12
2018-08-31 4.39 4.95 1.13
2018-05-31 4.44 7.66 1.14
2018-02-28 4.52 10.13 1.14
2017-11-30 4.59 12.60 1.14
2017-08-31 4.66 11.74 1.17
2017-05-31 4.73 10.87 1.20
2017-02-28 4.80 11.01 1.19
2016-11-30 4.87 11.15 1.18
2016-08-31 4.88 5.12 1.16
2016-05-31 4.90 -0.91 1.15
2016-02-29 5.17 -1.82 1.17
2015-11-30 5.44 -2.74 1.20
2015-08-31 5.69 2.60 1.22
2015-05-31 5.94 7.94 1.25
2015-02-28 5.78 10.49 1.23
2014-11-30 5.61 13.04 1.20
2014-08-31 5.54 14.85 1.11
2014-05-31 5.48 16.65 1.02
2014-02-28 5.46 19.37 1.01
2013-11-30 5.44 22.10 1.00
2013-08-31 5.41 22.64 0.97
2013-05-31 5.39 23.17 0.95
2013-02-28 5.40 19.44 0.92
2012-11-30 5.41 15.71 0.89
2012-08-31 5.33 8.01 0.88
2012-05-31 5.25 0.31 0.87

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Delaware Investments Dividend and Income Fund has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Delaware Investments Dividend and Income Fund used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • Delaware Investments Dividend and Income Fund's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Delaware Investments Dividend and Income Fund's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Delaware Investments Dividend and Income Fund has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

DDF Health

 How is Delaware Investments Dividend and Income Fund's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Delaware Investments Dividend and Income Fund's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Delaware Investments Dividend and Income Fund's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Delaware Investments Dividend and Income Fund's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Delaware Investments Dividend and Income Fund's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Delaware Investments Dividend and Income Fund Company Filings, last reported 3 months ago.

NYSE:DDF Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-11-30 85.24 40.00 1.15
2018-08-31 85.24 40.00 1.15
2018-05-31 87.93 40.00 0.21
2018-02-28 87.93 40.00 0.21
2017-11-30 92.92 40.00 0.20
2017-08-31 92.92 40.00 0.20
2017-05-31 92.14 40.00 0.26
2017-02-28 92.14 40.00 0.26
2016-11-30 88.66 40.00 0.15
2016-08-31 88.66 40.00 0.15
2016-05-31 89.93 36.38 0.09
2016-02-29 89.93 36.38 0.09
2015-11-30 86.92 38.00 0.10
2015-08-31 86.92 38.00 0.10
2015-05-31 100.93 40.40 0.03
2015-02-28 100.93 40.40 0.03
2014-11-30 99.89 40.00 0.10
2014-08-31 99.89 40.00 0.10
2014-05-31 103.88 28.80 0.03
2014-02-28 103.88 28.80 0.03
2013-11-30 97.87 28.64 0.06
2013-08-31 97.87 28.64 0.06
2013-05-31 93.17 32.52
2013-02-28 93.17 32.52
2012-11-30 81.72 34.27
2012-08-31 81.72 34.27
2012-05-31 76.09 32.25
  • Delaware Investments Dividend and Income Fund's level of debt (46.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (29.2% vs 46.9% today).
  • Debt is well covered by operating cash flow (27.2%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Delaware Investments Dividend and Income Fund's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Delaware Investments Dividend and Income Fund has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

DDF Dividends

 What is Delaware Investments Dividend and Income Fund's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
8.75%
Current annual income from Delaware Investments Dividend and Income Fund dividends.
If you bought $2,000 of Delaware Investments Dividend and Income Fund shares you are expected to receive $175 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Delaware Investments Dividend and Income Fund's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Delaware Investments Dividend and Income Fund's dividend is above the markets top 25% of dividend payers in United States of America (3.64%).
Upcoming dividend payment

Purchase Delaware Investments Dividend and Income Fund on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:DDF Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:DDF Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-05 1.138 8.962
2019-02-05 1.149 8.915
2019-01-02 1.100 8.997
2018-12-04 1.049 9.229
2018-11-05 1.290 10.800
2018-10-02 0.937 7.767
2018-09-04 0.879 6.750
2018-08-07 0.822 6.513
2018-07-02 0.766 6.264
2018-06-05 0.710 6.185
2018-05-01 0.655 5.920
2018-04-03 0.598 5.565
2018-03-01 0.540 5.086
2018-01-30 0.480 4.500
2018-01-02 0.480 4.343
2017-12-05 0.480 4.441
2017-10-30 0.480 4.487
2017-10-03 0.480 4.457
2017-09-05 0.480 4.533
2017-08-01 0.480 4.625
2017-06-30 0.480 4.592
2017-06-06 0.480 4.568
2017-05-02 0.480 4.637
2017-04-03 0.480 4.626
2017-03-06 0.480 4.673
2017-01-30 0.480 4.687
2016-12-29 0.480 4.768
2016-12-02 0.480 4.844
2016-10-28 0.480 5.037
2016-10-04 0.480 4.957
2016-09-06 0.480 4.893
2016-08-02 0.630 6.261
2016-07-05 0.630 6.345
2016-03-01 0.630 6.799
2016-02-02 0.630 7.862
2015-12-01 0.630 7.455
2015-11-02 0.630 6.996
2015-10-02 0.630 7.055
2015-09-01 0.630 7.325
2015-08-03 0.630 6.886
2015-07-01 0.630 6.498
2015-06-02 0.630 6.205
2015-05-04 0.630 6.155
2015-03-02 0.630 6.267
2015-02-02 0.630 6.283
2015-01-02 0.630 6.400
2014-11-03 0.630 6.353
2014-10-02 0.630 6.526
2014-09-02 0.630 6.274
2014-08-01 0.630 6.251
2014-06-30 0.630 6.161
2014-06-02 0.630 6.100
2014-05-02 0.630 6.418
2014-04-01 0.630 6.597
2014-03-03 0.630 6.653
2014-01-31 0.630 6.799
2014-01-03 0.630 6.760
2013-12-02 0.630 6.811
2013-11-04 0.630 6.747
2013-10-01 0.630 6.928
2013-09-03 0.630 7.056
2013-08-02 0.630 7.081
2013-07-01 0.630 6.986
2013-06-03 0.630 7.115
2013-05-02 0.630 6.804
2013-04-02 0.630 6.973
2013-02-26 0.630 7.089
2013-01-29 0.630 7.266
2012-11-02 0.630 7.825
2012-10-02 0.630 7.655
2012-08-31 0.630 7.616
2012-08-02 0.690 8.407
2012-07-02 0.690 8.764
2012-06-04 0.690 9.111
2012-05-01 0.690 8.967
2012-04-02 0.690 8.771
2012-03-02 0.690 8.618
2012-01-31 0.690 8.769
2011-12-30 0.690 9.249
2011-12-02 0.690 9.880
2011-10-31 0.690 9.962
2011-09-30 0.690 10.223
2011-09-02 0.690 10.006
2011-08-02 0.690 9.824
2011-07-05 0.690 8.662
2011-05-31 0.690 8.672
2011-05-02 0.690 8.457
2011-04-04 0.690 8.441
2011-03-01 0.690 8.650
2011-02-01 0.690 8.676
2011-01-03 0.690 8.835
2010-12-03 0.690 9.001
2010-11-02 0.690 9.006
2010-10-04 0.690 8.958
2010-08-31 0.690 9.316
2010-08-02 0.690 9.457
2010-07-02 0.690 9.889
2010-05-28 0.690 9.986
2010-04-01 0.690 9.355
2010-03-02 0.690 9.314
2010-02-02 0.690 9.701
2009-12-31 0.690 9.495
2009-12-01 0.690 9.816
2009-11-02 0.690 10.646
2009-10-05 0.690 10.372
2009-08-31 0.690 10.495
2009-08-03 0.690 11.229
2009-07-06 0.690 12.267
2009-06-02 0.690 12.298
2009-05-01 0.690 13.013
2009-03-30 0.690 14.299
2009-03-19 0.690 15.777

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Delaware Investments Dividend and Income Fund's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Delaware Investments Dividend and Income Fund's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Delaware Investments Dividend and Income Fund afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Delaware Investments Dividend and Income Fund has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

DDF Management

 What is the CEO of Delaware Investments Dividend and Income Fund's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Shawn Lytle
AGE 48
CEO Bio

Mr. Shawn Keith Lytle is the President at Delaware Management Holdings, Inc. since June 2015. Mr. Lytle is responsible for all aspects of the firm’s business. He also serves as the President and Chief Executive Officer at Macquarie Investment Management Business Trust. Mr. Lytle serves as Delaware Investments President at Macquarie Group Limited and served as its Interim Head of Equities until March 3, 2017. He served as the Managing Director and Portfolio Manager at UBS Global Asset Management (UK) Limited. Mr. Lytle joined it in December 2002 and served as the Team Manager of the global equity portfolio management team. He was employed at JPMorgan Asset Management for over ten years, where he served as a Portfolio Manager, managing global equity, and global sector portfolios. Mr. Lytle was also employed at Dillon Read Capital Management (UK) Ltd., JPMorgan Chase Bank, N.A., J.P. Morgan Investment Management Inc., J.P. Morgan Investment Management Limited, JPMorgan Asset Management (London) Limited, and JPMorgan Asset Management (UK) Limited. He served as the Chairman of UBS Global Asset Management (Canada). Mr. Lytle also serves as the Chairman-Elect of the National Association of Securities Professionals. He serves on the Board of Directors of the Sustainability Accounting Standards Board. Mr. Lytle earned a Bachelor's Degree in Marketing from McDonough School of Business in year 1988-1992.

CEO Compensation
  • Insufficient data for Shawn to compare compensation growth.
  • Insufficient data for Shawn to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

Shawn Lytle

TITLE
President & CEO
AGE
48

Brian Murray

TITLE
Chief Compliance Officer and Senior VP

John O'Connor

TITLE
Senior Vice President
AGE
60

David Connor

TITLE
General Counsel
AGE
55
TENURE
18.5 yrs

Ned Gray

TITLE
Senior VP & Chief Investment Officer of Global and International Value Equity

Francis Morris

TITLE
SVP, Portfolio Mngr
AGE
57

Philip Obazee

TITLE
Senior VP & Head of Derivatives

Michael Capuzzi

TITLE
Senior Vice President of Investment Systems

Joe Baxter

TITLE
Senior VP

Steve Czepiel

TITLE
Senior VP & Senior Portfolio Manager
AGE
61
Board of Directors Tenure

Average tenure and age of the Delaware Investments Dividend and Income Fund board of directors in years:

14
Average Tenure
65
Average Age
  • The average tenure for the Delaware Investments Dividend and Income Fund board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Janet Yeomans

TITLE
Independent Director
COMPENSATION
$4K
AGE
70
TENURE
19.9 yrs

John Fry

TITLE
Independent Director
COMPENSATION
$3K
AGE
58
TENURE
18.2 yrs

Lucinda Landreth

TITLE
Independent Director and Director of Delaware Investments Global Dividend & Income Fund Inc
COMPENSATION
$3K
AGE
71
TENURE
14 yrs

Joseph Zecher

TITLE
Independent Director and Director of Delaware Investments Global Dividend & Income
COMPENSATION
$3K
AGE
78
TENURE
14 yrs

Thomas Bennett

TITLE
Independent Director and Director of Delaware Investments Global Dividend & Income Fund Inc
COMPENSATION
$4K
AGE
70
TENURE
14 yrs

Frances Sevilla-Sacasa

TITLE
Independent Director
COMPENSATION
$3K
AGE
62
TENURE
7.5 yrs

Tom Whitford

TITLE
Independent Director
COMPENSATION
$3K
AGE
62
TENURE
6.2 yrs

Joseph Chow

TITLE
Independent Director
COMPENSATION
$3K
AGE
65
TENURE
6.2 yrs

Ann Borowiec

TITLE
Director
AGE
60
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Delaware Investments Dividend and Income Fund's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Delaware Investments Dividend and Income Fund has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

DDF News

Simply Wall St News

DDF Company Info

Description

Delaware Investments Dividend and Income Fund, Inc. is a closed-ended equity mutual fund launched by Delaware Management Holdings, Inc. It is managed by Delaware Management Company. The fund invests in public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in dividend paying value stocks of large cap companies. It benchmarks the performance of its portfolio against the S&P 500 Index and the Lipper Closed-End Income and Preferred Stock Funds Average. Delaware Investments Dividend and Income Fund, Inc. was formed on March 26, 1993 and is domiciled in the United States.

Details
Name: Delaware Investments Dividend and Income Fund, Inc.
DDF
Exchange: NYSE
Founded: 1993
$100,017,553
7,688,158
Website: http://www.delawarefunds.com/closed-end/products/delaware-investments-dividend-and-income-fund-inc#tab_tab3
Address: Delaware Investments Dividend and Income Fund, Inc.
2005 Market Street,
One Commerce Square,
Philadelphia,
Pennsylvania, 19103-7094,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE DDF Common Stock New York Stock Exchange US USD 19. Mar 1993
Number of employees
Current staff
Staff numbers
0
Delaware Investments Dividend and Income Fund employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/18 23:48
End of day share price update: 2019/03/18 00:00
Last earnings filing: 2019/02/06
Last earnings reported: 2018/11/30
Last annual earnings reported: 2018/11/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.