Definity Financial Corporation, together with its subsidiaries, provides property and casualty insurance products in Canada. It offers personal insurance products, including auto, property, general and umbrella liability, and pet insurance products to individuals under the Economical, Sonnet, Family, Petsecure, and Peppermint brands; and commercial insurance products comprising fleet, commercial auto, property, liability, and specialty insurance products to businesses under the Economical brand name. The company distributes its products on a primarily intermediated basis, and through brokers, as well as directly to customers. Definity Financial Corporation was formerly known as Economical Holdings Corporation and changed its name to Definity Financial Corporation in August 2021. Definity Financial Corporation was founded in 1871 and is headquartered in Waterloo, Canada.
Definity Financial Dividend Announcement
• Definity Financial announced a quarterly dividend of C$0.16 per ordinary share which will be made payable on 2024-12-27. Ex dividend date: 2024-12-13
• Definity Financial annual dividend for 2024 was C$0.64
• Definity Financial annual dividend for 2023 was C$0.55
• Definity Financial's trailing twelve-month (TTM) dividend yield is 1.06%
• Definity Financial's payout ratio for the trailing twelve months (TTM) is 13.16%
Definity Financial Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-13 | C$0.16 | quarterly | 2024-12-27 |
2024-09-13 | C$0.16 | quarterly | 2024-09-27 |
2024-06-13 | C$0.16 | quarterly | 2024-06-27 |
2024-03-14 | C$0.16 | quarterly | 2024-03-28 |
2023-12-14 | C$0.14 | quarterly | 2023-12-28 |
2023-09-14 | C$0.14 | quarterly | 2023-09-28 |
2023-06-14 | C$0.14 | quarterly | 2023-06-28 |
2023-03-14 | C$0.14 | quarterly | 2023-03-28 |
2022-12-14 | C$0.12 | quarterly | 2022-12-28 |
2022-09-14 | C$0.12 | quarterly | 2022-09-28 |
2022-06-14 | C$0.12 | quarterly | 2022-06-28 |
2022-03-14 | C$0.17 | quarterly | 2022-03-28 |
Definity Financial Dividend per year
Definity Financial Dividend growth
Definity Financial Dividend Yield
Definity Financial current trailing twelve-month (TTM) dividend yield is 1.06%. Interested in purchasing Definity Financial stock? Use our calculator to estimate your expected dividend yield:
Definity Financial Financial Ratios
Definity Financial Dividend FAQ
Other factors to consider when evaluating Definity Financial as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Definity Financial's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Definity Financial publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Definity Financial distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Definity Financial are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Definity Financial sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Definity Financial distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Definity Financial declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Definity Financial's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Definity Financial's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.