Canadian High dividend yield – Canadian High Income Equity Fund Declares 0.04 Cash Dividend
June 7, 2023
🌥️Dividends Yield
On June 1 2023, the Canadian High ($TSX:CIQ.UN) Income Equity Fund declared a 0.04 cash dividend per share. This dividend is reflective of the consistent dividend payout that CANADIAN HIGH has offered to its shareholders over the past three years, with each of its annual dividends per share being at 0.48 CAD and yielding a dividend yield of 6.58% from 2020 to 2022. For investors who are interested in dividend stocks, CANADIAN HIGH could be an attractive option, with the ex-dividend date scheduled on June 29th 2023.
Market Price
This announcement came shortly after the CANADIAN HIGH stock opened at CA$6.8 and eventually closed at the same price. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Canadian High. More…
| Total Revenues | Net Income | Net Margin |
| -0.6 | -0.73 | 120.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Canadian High. More…
| Operations | Investing | Financing |
| 1.69 | – | -1.57 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Canadian High. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.55 | 0.1 | 6.99 |
Key Ratios Snapshot
Some of the financial key ratios for Canadian High are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -33.1% | – | – |
| FCF Margin | ROE | ROA |
| -281.6% | -5.0% | -5.3% |
Analysis
As GoodWhale, we have conducted an analysis of CANADIAN HIGH‘s fundamentals. Based on our Star Chart classification, CANADIAN HIGH is classified as a ‘cow’. This type of company generally has a track record of paying out consistent and sustainable dividends, making it an attractive investment for income-seeking investors. Overall, CANADIAN HIGH scores highly in asset quality, dividend yield, and has a medium score in profitability. However, it is weak in terms of growth. Moreover, CANADIAN HIGH has a high health score of 8/10 based on its cash flows and debt. This indicates that the company is in a strong financial position and is capable of riding out any crisis without the risk of bankruptcy. More…
Peers
The competition between Canadian High Income Equity Fund and its competitors, Shriram Asset Management Co Ltd, PhenixFIN Corp, Global Dividend Growth Split Corp, is intense. All of these companies provide a range of services with the ultimate goal of maximizing returns for their investors. Each company has its own unique approach to investing, and they all bring something unique to the table.
– Shriram Asset Management Co Ltd ($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 has demonstrated a strong commitment to rewarding shareholders with consistent dividend payouts over the past three years. Each of its annual dividends per share has been at 0.48 CAD, which gives a dividend yield of 6.58%. Furthermore, it offers investors stability with reliable dividends, which could make it an attractive investment option. Investors should however consider other factors such as financial performance, business model, and management integrity before investing in CANADIAN HIGH.
Additionally, they should keep in mind that stock prices can fluctuate, and there is always potential for losses.
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