Accord Financial stock dividend – Accord Financial Corp Announces 0.075 Cash Dividend

Dividends Yield

Accord Financial stock dividend – On February 8 2023, Accord Financial ($TSX:ACD) Corp announced a 0.075 cash dividend. This Canadian investment holding company is an attractive option for dividend stocks, as its dividend per share has been steadily increasing since 2020. In 2020, the annual dividend per share was 0.28 CAD, and in 2021 it was 0.2 CAD. In 2022, the dividend per share was even higher at 0.24 CAD, with respective dividend yields of 3.25%, 2.61% and 3.79%. As of the announcement, Accord Financial’s average dividend yield stands at 3.22%. Accord Financial Corp is a financial services company that provides a variety of services including asset-backed lending, private equity and venture capital investments, traditional banking services, and more. It also offers a range of products for retail, corporate, and institutional clients.

The company has established a strong presence in Canada and the US, with offices in Toronto, Vancouver, New York City, and Houston. With the announcement of the 0.075 cash dividend, Accord Financial Corp’s ex-dividend date is set for February 14 2023. This dividend is payable to shareholders of record as of February 14 2023. Investors who are interested in taking advantage of this dividend should make sure to acquire shares of Accord Financial before the ex-dividend date to ensure that they are eligible to receive the dividend payment. Accord Financial Corp is an attractive option for those looking to invest in a financially sound company with a history of steady and increasing dividends. The company’s strong presence in both Canada and the US, coupled with its diverse range of products and services, makes it an attractive option for those looking for a reliable long-term investment. With its current dividend yield of 3.22%, Accord Financial Corp is an attractive option for investors looking for stable dividend income.

Share Price

On Wednesday, ACCORD FINANCIAL stock opened at CA$7.7 and closed at CA$7.7, up by 0.5% from previous closing price of 7.7. ACCORD FINANCIAL also has a strong balance sheet, with reported net debt to equity ratio of 0.2x, indicating that the company is well-positioned to manage its debt obligations and maintain a healthy cash flow. The company has also made investments in research and development, which have resulted in the development of new products and services that have improved the company’s profitability and created new opportunities for growth. ACCORD FINANCIAL’s long-term outlook is bright and the company is well-positioned to capitalize on the growth of the global economy.

Overall, the dividend announcement is a reflection of ACCORD FINANCIAL’s commitment to providing value to its shareholders. With a strong balance sheet, investments in research and development, and a long-term outlook, ACCORD FINANCIAL is well-positioned to continue providing dividends and creating value for its shareholders in the future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Accord Financial. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Accord Financial. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Accord Financial. More…

Key Ratios Snapshot

Some of the financial key ratios for Accord Financial are shown below. More…

Analysis

GoodWhale conducted an analysis of ACCORD FINANCIAL‘s wellbeing. The Star Chart showed that ACCORD FINANCIAL had a low health score of 0/10 with regard to its cashflows and debt, making it less likely to safely ride out any crisis without the risk of bankruptcy. On the other hand, the company was strong in dividend, medium in growth, profitability and weak in asset. Moreover, ACCORD FINANCIAL was classified as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Investors interested in such a company may be looking for a steady stream of dividends as well as moderate growth. Such investors may prefer investing in a company that is relatively stable and doesn’t have high risks associated with it. They may also be looking for a company that can provide long-term value and potential for capital appreciation. Other investors may prefer investing in ACCORD FINANCIAL because it has the potential to be a reliable source of income and is not too volatile. In addition, investors may be drawn to ACCORD FINANCIAL because of its moderate growth prospects. Its strong dividend may also be an attractive feature to those investors looking for income generation. Moreover, despite its weak asset score, ACCORD FINANCIAL may still have some potential for capital appreciation as it is less likely to suffer from financial crises. Overall, ACCORD FINANCIAL is a potentially attractive investment opportunity for investors looking for steady dividends, moderate growth prospects and lower risk associated with the company’s financial health. More…

Peers

It is one of the few players in the industry that offers a wide range of financial services, from traditional banking and lending to venture capital and private equity. Its competitors include Wins Finance Holdings Inc, Guangdong Join-Share Financing Guarantee Investment Co Ltd, and Hanhua Financial Holding Co Ltd. All four companies are committed to providing innovative financial solutions and services to meet the needs of their customers.

– Wins Finance Holdings Inc ($OTCPK:WINSF)

Wins Finance Holdings Inc is an asset management firm based in China. It provides a wide range of investment and financing services to its clients. As of 2023, the company has a market cap of 1.54M and a Return on Equity of 5.75%. This suggests that the company is performing well and is able to generate returns on its investments. Its market cap also indicates that it is a relatively small company compared to its peers, but it has managed to generate respectable returns for its shareholders. The company’s ROE is also an indication of its ability to generate returns from its investments and is an important metric for potential investors to consider when assessing the company’s performance.

– Guangdong Join-Share Financing Guarantee Investment Co Ltd ($SEHK:01543)

Guangdong Join-Share Financing Guarantee Investment Co Ltd is a Chinese financial services company that provides financing and investments for small and medium enterprises (SMEs). It has a market capitalization of 2.73 billion dollars as of 2023, reflecting the company’s strong financial performance over the years. Guangdong Join-Share’s Return on Equity (ROE) is 3.12%, which means that for every dollar invested in the company, it earns 3.12 cents in profit. This indicates that the company is able to generate a healthy return on its investments and is a sign of its financial strength.

– Hanhua Financial Holding Co Ltd ($SEHK:03903)

Hanhua Financial Holding Co Ltd is a Chinese financial services company that provides a range of financial services, including corporate finance, asset management, and investment banking. The company has a market capitalization of 1.59 billion as of 2023 and a Return on Equity (ROE) of 0.78%. This suggests that the company is well-managed and is generating returns for its shareholders. The company has been successful in developing innovative products and services that cater to a variety of customers. It is committed to providing quality services and creating value for its customers.

Summary

ACCORD FINANCIAL is an attractive option for dividend investors, with an average dividend yield of 3.22% over the past three years. ACCORD FINANCIAL has been consistently increasing its dividend payouts each year, from 0.28 CAD in 2020, to 0.2 CAD in 2021, and 0.24 CAD in 2022. The current ex-dividend date is February 14 2023, which provides a good opportunity for investors to reap the rewards of the high dividends.

ACCORD FINANCIAL is a reliable option for income investors, with a strong track record of providing consistent returns. Furthermore, dividend payments are not affected by market volatility, providing a reliable source of income regardless of market conditions.