NYSE:DDF

Stock Analysis Report

Delaware Investments Dividend and Income Fund

Executive Summary

Delaware Investments Dividend and Income Fund, Inc.

Rewards


Snowflake Analysis

Share Price & News

How has Delaware Investments Dividend and Income Fund's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: DDF has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.8%

DDF

1.7%

US Capital Markets

1.5%

US Market


1 Year Return

17.6%

DDF

19.0%

US Capital Markets

20.1%

US Market

Return vs Industry: DDF underperformed the US Capital Markets industry which returned 19% over the past year.

Return vs Market: DDF underperformed the US Market which returned 20.1% over the past year.


Shareholder returns

DDFIndustryMarket
7 Day2.8%1.7%1.5%
30 Day-1.6%0.5%1.4%
90 Day5.3%8.6%8.7%
1 Year26.1%17.6%21.4%19.0%22.7%20.1%
3 Year94.9%53.4%40.0%32.1%50.1%40.5%
5 Year123.7%55.2%83.6%66.5%73.1%54.1%

Price Volatility Vs. Market

How volatile is Delaware Investments Dividend and Income Fund's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Delaware Investments Dividend and Income Fund undervalued compared to its fair value and its price relative to the market?

15.79x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: DDF ($15.67) is trading above our estimate of fair value ($14.76)

Significantly Below Fair Value: DDF is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: DDF is good value based on its PE Ratio (15.8x) compared to the Capital Markets industry average (36x).

PE vs Market: DDF is good value based on its PE Ratio (15.8x) compared to the US market (18.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate DDF's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: DDF is good value based on its PB Ratio (1.4x) compared to the US Capital Markets industry average (6.7x).

Future Growth

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

8.4%

Forecasted Diversified Financials industry annual growth in earnings


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 SimplyWall St do have past financial data.

Past Performance

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

-5.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DDF has a large one-off gain of $4.6M impacting its November 30 2019 financial results.

Growing Profit Margin: DDF's current net profit margins are higher than last year (51.8%).


Past Earnings Growth Analysis

Earnings Trend: DDF's earnings have declined by -5.6% per year over the past 5 years.

Accelerating Growth: DDF's earnings growth over the past year (239.9%) exceeds its 5-year average (-5.6% per year).

Earnings vs Industry: DDF earnings growth over the past year (239.9%) exceeded the Capital Markets industry 8.4%.


Return on Equity

High ROE: DDF's Return on Equity (9%) is considered low.


Return on Assets


Return on Capital Employed

Financial Health

How is Delaware Investments Dividend and Income Fund's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: DDF has a low level of unsold assets or inventory.

Debt Coverage by Assets: DDF's debt is not covered by short term assets (assets are 0.1x debt).


Financial Institutions Analysis

Asset Level: DDF's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if DDF has a sufficient allowance for bad loans.

Low Risk Liabilities: DDF reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if DDF has an acceptable proportion of non-loan assets held.

Low Risk Deposits: DDF has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if DDF has an appropriate level of bad loans.

Dividend

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

6.94%

Current Dividend Yield


Upcoming Dividend Payment

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


Dividend Yield vs Market

company6.9%marketbottom25%1.4%markettop25%3.7%industryaverage1.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: DDF's dividend (6.94%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: DDF's dividend (6.94%) is in the top 25% of dividend payers in the US market (3.69%)


Stability and Growth of Payments

Stable Dividend: DDF's dividends per share have been stable in the past 10 years.

Growing Dividend: DDF's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (110%), DDF's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Management

How experienced are the management team and are they aligned to shareholders interests?

13.8yrs

Average management tenure


CEO

Delaware Investments Dividend and Income Fund has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Robert Vogel
Co-Portfolio Manager14.9yrsno datano data
Anthony Lombardi
Co-Portfolio Manager14.9yrsno datano data
D. Nutt
Co-Portfolio Manager14.9yrsno datano data
Damon Andres
Co-Portfolio Manager19.1yrsno datano data
Babak Zenouzi
Co-Portfolio Manager13.8yrsno datano data
Nikhil Lalvani
Co-Portfolio Manager13.3yrsno datano data
Roger Early
Co-Portfolio Manager12.1yrsno datano data
Kristen Bartholdson
Co-Portfolio Manager11.2yrsno datano data
Edward Gray
Senior VP & Chief Investment Officer of Global and International Value Equity0yrsno datano data
John McCarthy
Co-Portfolio Manager7.2yrsno datano data

13.8yrs

Average Tenure

52yo

Average Age

Experienced Management: DDF's management team is seasoned and experienced (13.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Joseph Chow
Independent Director7.1yrsUS$3.12kno data
Thomas Whitford
Independent Director7.1yrsUS$3.07kno data
John Fry
Independent Director19.1yrsUS$3.09kno data
Janet Yeomans
Independent Director20.8yrsUS$3.55kno data
Joseph Zecher
Independent Director and Director of Delaware Investments Global Dividend & Income14.9yrsUS$3.10kno data
Lucinda Landreth
Independent Director and Director of Delaware Investments Global Dividend & Income Fund Inc14.9yrsUS$3.12kno data
Thomas Bennett
Independent Director and Director of Delaware Investments Global Dividend & Income Fund Inc14.9yrsUS$3.64kno data
Frances Sevilla-Sacasa
Independent Director8.4yrsUS$3.12kno data

14.9yrs

Average Tenure

68.5yo

Average Age

Experienced Board: DDF's board of directors are seasoned and experienced ( 14.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Delaware Investments Dividend and Income Fund, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information


Location

  • Delaware Investments Dividend and Income Fund, Inc.
  • 2005 Market Street
  • One Commerce Square
  • Philadelphia
  • Pennsylvania
  • 19103-7094
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DDFNYSE (New York Stock Exchange)YesCommon StockUSUSDMar 1993

Biography

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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 00:12
End of Day Share Price2020/02/14 00:00
Earnings2019/11/30
Annual Earnings2019/11/30


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.