Canadian High dividend yield – Canadian High Income Equity Fund Declares 0.04 Cash Dividend
April 26, 2023
Dividends Yield
On April 25 2023, CANADIAN HIGH ($TSX:CIQ.UN) Income Equity Fund declared a 0.04 CAD cash dividend for its investors. This is great news for those interested in investing in dividend stocks, as this fund has issued an annual dividend per share of 0.48 CAD for the past three years, making the dividend yield from 2020 to 2022 6.58%. This is an average yield of 6.58%, making it an attractive investment option.
The ex-dividend date for this dividend is set at April 27 2023, which means that shareholders must be on the company’s record prior to this date in order to collect the dividend. With a solid rate of return and a steady dividend yield, this fund is an attractive option for potential investors.
Price History
The stock opened at CA$7.2 on Tuesday and closed at the same price. This dividend reflects the fund’s commitment to creating value for investors and stability in the market. 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 |
| -0.6 | -0.73 | 120.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Canadian High. More…
| Operations | Investing | Financing |
| 1.69 | – | -1.57 |
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 |
| 8.55 | 0.1 | 6.99 |
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 |
| -281.6% | -5.0% | -5.3% |
Analysis
GoodWhale has conducted an analysis of CANADIAN HIGH‘s wellbeing, and the results are encouraging. Our Star Chart evaluates CANADIAN HIGH’s health score at 8/10 with regards to cashflows and debt, demonstrating that it is capable of paying off debt and funding future operations. This is further supported by the fact that CANADIAN HIGH is classified as a ‘cow’, indicating that it has a track record of paying out consistent and sustainable dividends. Given its strength in assets, dividend, and medium profitability, investors looking for a steady source of income may be interested in CANADIAN HIGH. However, its weak score in growth should be taken into consideration before investing. 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 choice for investors interested in dividend stocks. With a dividend yield rate of 6.58% over the past three years, CANADIAN HIGH has proven itself to be a reliable and consistent provider of income. In addition, the company’s dividend per share of 0.48 CAD is a great incentive to invest. Analyzing the company’s financial data and market performance is critical to ensure that the stock is a viable option for investors.
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