Canadian High dividend calculator – Canadian High Income Equity Fund declares 0.04 Cash Dividend
March 23, 2023
Dividends Yield
On March 1 2023, the Canadian High ($TSX:CIQ.UN) Income Equity Fund announced the declaration of 0.04 Cash Dividend. This is welcome news for dividend investors, as the fund has been issuing an annual dividend per share of 0.48, 0.48 and 0.51 CAD in the last three years, corresponding to dividend yields of 6.13%, 6.21%, and 7.92% respectively. The average dividend yield across this period is an impressive 6.75%. Those looking to benefit from this dividend should take note of the ex-dividend date on March 30 2023.
Price History
Notably, the stock opened at CA$7.2 on Wednesday and closed at the same price. The announcement indicates that the company is committed to rewarding shareholders for their investments. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Canadian High. More…
| Total Revenues | Net Income | Net Margin |
| -0.7 | -0.83 | 118.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Canadian High. More…
| Operations | Investing | Financing |
| 3.12 | – | -3.14 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Canadian High. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 9.7 | 0.1 | 7.12 |
Key Ratios Snapshot
Some of the financial key ratios for Canadian High are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -33.1% | – | – |
| FCF Margin | ROE | ROA |
| -444.4% | -5.1% | -5.3% |
Analysis
GoodWhale is pleased to analyze the fundamentals of CANADIAN HIGH. Our Star Chart classifies this company as a ‘cow’, which is usually characterized by a track record of being able to pay out consistent and sustainable dividends. Therefore, this company is an attractive option for dividend investors who are looking for a steady income stream. In terms of financial health, CANADIAN HIGH scores an 8/10. This means that the company is capable of safely riding out any crisis without the risk of bankruptcy, due to its strong cash flows and debt. Looking further into the fundamental analysis, we can see that CANADIAN HIGH has strong assets, good dividend and moderate profitability. The only area of weakness is growth; however, this can be overlooked for the stability it provides in the form of consistent dividends. All in all, CANADIAN HIGH is a good choice for investors who are looking for a safe bet with a steady income stream. More…
Peers
The competition between Canadian High Income Equity Fund and its competitors, Shriram Asset Management Co Ltd, PhenixFIN Corp, Global Dividend Growth Split Corp, is intense. All of these companies provide a range of services with the ultimate goal of maximizing returns for their investors. Each company has its own unique approach to investing, and they all bring something unique to the table.
– Shriram Asset Management Co Ltd ($BSE:531359)
Shriram Asset Management Co Ltd is an Indian asset management company that specializes in investments in various asset classes, such as equities, bonds, and structured products. As of 2023, the company had a market capitalization of 1.12 billion and a return on equity (ROE) of -2.55%. Despite a negative return on equity, Shriram Asset Management Co Ltd has been able to remain profitable and grow its market capitalization over the years. The company operates through its various subsidiaries, which include Shriram Wealth Advisors Ltd and Shriram Mutual Fund Ltd. It offers a range of products to both retail and institutional investors, including mutual funds, exchange-traded funds, portfolio management services, structured products, and wealth management services.
– PhenixFIN Corp ($NASDAQ:PFX)
PhenixFIN Corp is a financial services company that provides a range of services, including asset management and wealth management. The company currently has a market cap of 70.75M as of 2023, indicating a positive outlook for its future growth. Furthermore, its Return on Equity (ROE) stands at -3.05%, which suggests that the company is not generating a lot of profits from its current operations. Despite this, PhenixFIN Corp is continuing to make strategic investments in order to ensure that it remains competitive in the industry.
– Global Dividend Growth Split Corp ($TSX:GDV)
Global Dividend Growth Split Corp is a closed-end investment fund that invests in a diversified portfolio of dividend-paying equity securities of Canadian companies. As of 2023, the company has an estimated market capitalization of 146.51M. The company has a policy of distributing all or part of its net income to shareholders in the form of cash dividends, providing investors with a steady stream of income. The fund also seeks to capitalize on market opportunities by using a disciplined investment approach that seeks to maximize returns while minimizing risk.
Summary
CANADIAN HIGH is a good dividend stock for investors to consider. In the past three years, the company has paid out an average dividend yield of 6.75%, with individual yields of 6.13%, 6.21% and 7.92% for those respective years. The relatively steady yield, combined with the relatively high yields, make CANADIAN HIGH an attractive option for investors looking for a reliable dividend income stream. Additionally, historical trends of dividend payment and yield can be used to predict future performance and how CANADIAN HIGH may fare in the coming years.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
