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Dividend Growth Split

TSX:DGS
Snowflake Description

Undervalued with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DGS
TSX
CA$98M
Market Cap
  1. Home
  2. CA
  3. Diversified Financials
Company description

Dividend Growth Split Corp. is a closed-ended equity mutual fund launched and managed by Brompton Funds Limited. The last earnings update was 13 days ago. More info.


Add to Portfolio Compare Print
  • Dividend Growth Split is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Dividend Growth Split has significant price volatility in the past 3 months.
DGS Share Price and Events
7 Day Returns
1.4%
TSX:DGS
-0.3%
CA Capital Markets
1.4%
CA Market
1 Year Returns
-44.8%
TSX:DGS
-21.1%
CA Capital Markets
-24.8%
CA Market
DGS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Dividend Growth Split (DGS) 1.4% -35.4% -43.7% -44.8% -61.9% -67.3%
CA Capital Markets -0.3% -24.1% -26.1% -21.1% -20.9% -22%
CA Market 1.4% -19.2% -24.9% -24.8% -22.4% -17%
1 Year Return vs Industry and Market
  • DGS underperformed the Capital Markets industry which returned -21.1% over the past year.
  • DGS underperformed the Market in Canada which returned -24.8% over the past year.
Price Volatility
DGS
Industry
5yr Volatility vs Market

DGS Value

 Is Dividend Growth Split undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Dividend Growth Split to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Dividend Growth Split.

TSX:DGS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= CA$5.40 * 16.3%
CA$0.88
Book Value of Equity per Share Median Book Value from the past 5 years. CA$5.40
Discount Rate (Cost of Equity) See below 12.3%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:DGS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.4%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.74
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.744 (1 + (1- 26.5%) (334.45%))
2.053
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.44% + (2 * 5.44%)
12.32%

Discounted Cash Flow Calculation for TSX:DGS using Excess Returns Model Model

The calculations below outline how an intrinsic value for Dividend Growth Split is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

TSX:DGS Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (16.3% – 12.32%) * CA$5.40)
CA$0.21
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CA$0.21 / (12.32% - 1.44%)
CA$1.97
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CA$5.40 + CA$1.97
CA$7.37
TSX:DGS Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$7.37
Current discount Discount to share price of CA$2.99
= -1 x (CA$2.99 - CA$7.37) / CA$7.37
59.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Dividend Growth Split is available for.
Intrinsic value
>50%
Share price is CA$2.99 vs Future cash flow value of CA$7.37
Current Discount Checks
For Dividend Growth Split to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Dividend Growth Split's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Dividend Growth Split's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Dividend Growth Split's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Dividend Growth Split's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:DGS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CAD CA$2.50
TSX:DGS Share Price ** TSX (2020-04-06) in CAD CA$2.99
Canada Capital Markets Industry PE Ratio Median Figure of 15 Publicly-Listed Capital Markets Companies 7.28x
Canada Market PE Ratio Median Figure of 498 Publicly-Listed Companies 10.33x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Dividend Growth Split.

TSX:DGS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:DGS Share Price ÷ EPS (both in CAD)

= 2.99 ÷ 2.50

1.2x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividend Growth Split is good value based on earnings compared to the CA Capital Markets industry average.
  • Dividend Growth Split is good value based on earnings compared to the Canada market.
Price based on expected Growth
Does Dividend Growth Split's expected growth come at a high price?
Raw Data
TSX:DGS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 1.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
North America Capital Markets Industry PEG Ratio Median Figure of 39 Publicly-Listed Capital Markets Companies 1.93x
Canada Market PEG Ratio Median Figure of 233 Publicly-Listed Companies 0.68x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Dividend Growth Split, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Dividend Growth Split's assets?
Raw Data
TSX:DGS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CAD CA$5.20
TSX:DGS Share Price * TSX (2020-04-06) in CAD CA$2.99
Canada Capital Markets Industry PB Ratio Median Figure of 160 Publicly-Listed Capital Markets Companies 0.82x
Canada Market PB Ratio Median Figure of 2,359 Publicly-Listed Companies 0.99x
TSX:DGS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:DGS Share Price ÷ Book Value per Share (both in CAD)

= 2.99 ÷ 5.20

0.57x

* Primary Listing of Dividend Growth Split.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividend Growth Split is good value based on assets compared to the CA Capital Markets industry average.
X
Value checks
We assess Dividend Growth Split's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Dividend Growth Split has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

DGS Future Performance

 How is Dividend Growth Split expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Dividend Growth Split has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.2%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Dividend Growth Split expected to grow at an attractive rate?
  • Unable to compare Dividend Growth Split's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Dividend Growth Split's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Dividend Growth Split's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:DGS Future Growth Rates Data Sources
Data Point Source Value (per year)
North America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 5.2%
North America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 2.2%
Canada Market Earnings Growth Rate Market Cap Weighted Average 5.1%
Canada Market Revenue Growth Rate Market Cap Weighted Average 3.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:DGS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:DGS Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-12-31 114 81 90
2019-09-30 73 59 49
2019-06-30 32 36 8
2019-03-31 -21 38 -45
2018-12-31 -74 40 -98
2018-09-30 -32 -33 -57
2018-06-30 11 -106 -16
2018-03-31 33 -149 7
2017-12-31 55 -192 30
2017-09-30 59 -136 37
2017-06-30 64 -80 45
2017-03-31 68 -50 50

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Dividend Growth Split is high growth as no earnings estimate data is available.
  • Unable to determine if Dividend Growth Split is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:DGS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Dividend Growth Split Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:DGS Past Financials Data
Date (Data in CAD Millions) EPS *
2019-12-31 2.50
2019-09-30 1.35
2019-06-30 0.22
2019-03-31 -1.22
2018-12-31 -2.67
2018-09-30 -1.59
2018-06-30 -0.46
2018-03-31 0.21
2017-12-31 1.00
2017-09-30 1.38
2017-06-30 1.83
2017-03-31 2.14

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Dividend Growth Split will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Dividend Growth Split's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the North America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the North America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Dividend Growth Split has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

DGS Past Performance

  How has Dividend Growth Split performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Dividend Growth Split's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Dividend Growth Split's year on year earnings growth rate has been positive over the past 5 years.
  • Dividend Growth Split has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Dividend Growth Split has become profitable in the last year making it difficult to compare the CA Capital Markets industry average.
Earnings and Revenue History
Dividend Growth Split's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Dividend Growth Split Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:DGS Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 113.58 90.27 4.47
2019-09-30 72.90 49.20 4.60
2019-06-30 32.23 8.13 4.73
2019-03-31 -20.84 -45.05 4.84
2018-12-31 -73.91 -98.23 4.96
2018-09-30 -31.52 -57.12 5.03
2018-06-30 10.86 -16.01 5.10
2018-03-31 32.86 6.77 4.86
2017-12-31 54.86 29.54 4.62
2017-09-30 59.43 37.32 4.20
2017-06-30 64.00 45.11 3.79
2017-03-31 67.57 50.08 3.55
2016-12-31 71.13 55.05 3.30
2016-09-30 39.77 24.34 3.19
2016-06-30 8.41 -6.37 3.08
2016-03-31 -5.90 -20.50 3.11
2015-12-31 -20.21 -34.62 3.13
2015-09-30 -6.65 -21.71 3.16
2015-06-30 6.91 -8.81 3.20
2015-03-31 15.76 1.30 2.93
2014-12-31 24.62 11.40 2.67
2014-09-30 27.46 16.42 2.26
2014-06-30 30.30 21.44 1.86
2014-03-31 28.91 21.36 1.59
2013-12-31 27.52 21.28 1.33
2013-09-30 10.89 18.44 1.20
2013-06-30 10.70 15.56 1.07

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Dividend Growth Split made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • Dividend Growth Split used its assets more efficiently than the CA Capital Markets industry average last year based on Return on Assets.
  • Dividend Growth Split has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Dividend Growth Split's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Dividend Growth Split has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

DGS Health

 How is Dividend Growth Split's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Dividend Growth Split's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Dividend Growth Split is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Dividend Growth Split's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Dividend Growth Split's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Dividend Growth Split Company Filings, last reported 3 months ago.

TSX:DGS Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 170.33 327.28 500.75
2019-09-30 170.33 327.28 500.75
2019-06-30 181.44 368.57 553.06
2019-03-31 181.44 368.57 553.06
2018-12-31 131.08 368.67 505.21
2018-09-30 131.08 368.67 505.21
2018-06-30 199.17 368.77 571.39
2018-03-31 199.17 368.77 571.39
2017-12-31 262.47 368.86 638.65
2017-09-30 262.47 368.86 638.65
2017-06-30 193.62 285.47 481.45
2017-03-31 193.62 285.47 481.45
2016-12-31 168.62 237.94 408.43
2016-09-30 168.62 237.94 408.43
2016-06-30 132.41 223.01 357.51
2016-03-31 132.41 223.01 357.51
2015-12-31 122.06 209.64 333.37
2015-09-30 122.06 209.64 333.37
2015-06-30 155.30 209.68 367.13
2015-03-31 155.30 209.68 367.13
2014-12-31 162.00 187.72 351.74
2014-09-30 162.00 187.72 351.74
2014-06-30 103.55 119.02 223.58
2014-03-31 103.55 119.02 223.58
2013-12-31 85.09 97.92 183.87
2013-09-30 85.05 97.92 0.32
2013-06-30 45.17 63.68 0.56
  • Dividend Growth Split's level of debt (192.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (116.1% vs 192.1% today).
  • Debt is well covered by operating cash flow (24.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.8x coverage).
X
Financial health checks
We assess Dividend Growth Split's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Dividend Growth Split has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

DGS Dividends

 What is Dividend Growth Split's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Dividend Growth Split dividends.
If you bought CA$2,000 of Dividend Growth Split shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Dividend Growth Split's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Dividend Growth Split's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:DGS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 6.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 324 Stocks 4.7%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.3%
Canada Bottom 25% Dividend Yield 25th Percentile 2.7%
Canada Top 25% Dividend Yield 75th Percentile 8.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:DGS Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2020-03-24 0.000 0.000
2019-11-21 1.200 24.637
2019-09-20 1.200 23.648
2019-06-21 1.200 24.574
2019-04-23 1.200 22.613
2019-03-22 1.200 21.417
2019-03-19 0.000 0.000
2018-10-24 0.000 0.000
2018-09-21 1.200 22.900
2018-08-24 1.200 18.527
2018-07-24 1.200 17.024
2018-06-22 1.200 17.047
2018-05-25 1.200 16.553
2018-04-23 1.200 16.760
2018-03-21 1.200 17.232
2018-02-21 1.200 15.596
2018-01-19 1.200 15.004
2017-12-18 1.200 14.779
2017-11-20 1.200 15.074
2017-10-20 1.200 14.756
2017-09-20 1.200 14.878
2017-08-22 1.200 15.158
2017-07-20 1.200 15.045
2017-06-21 1.200 14.989
2017-05-18 1.200 15.199
2017-04-19 1.200 15.172
2017-03-21 1.200 15.050
2017-02-15 1.200 14.466
2017-01-20 1.200 14.696
2016-12-16 1.200 15.041
2016-11-18 1.200 15.926
2016-10-20 1.200 17.256
2016-09-21 1.200 17.619
2016-08-19 1.200 17.811
2016-07-19 1.200 17.794
2016-06-20 1.200 18.356
2016-05-18 1.200 18.235
2016-04-20 1.200 18.061
2016-03-18 1.200 17.861
2016-02-17 1.200 20.686
2016-01-18 1.200 23.382
2015-12-17 1.200 20.719
2015-11-18 1.200 16.282
2015-10-20 1.200 15.797
2015-09-18 1.200 17.941
2015-08-19 1.200 18.252
2015-07-21 1.200 15.275
2015-06-18 1.200 14.136
2015-05-19 1.200 13.771
2015-04-20 1.200 12.993
2015-03-19 1.200 13.052
2015-02-18 1.200 13.053
2015-01-21 1.200 12.979
2014-12-18 1.200 13.156
2014-11-18 1.200 13.319
2014-10-20 1.200 12.616
2014-09-18 1.200 12.847
2014-08-20 1.200 12.153
2014-07-22 1.200 12.214
2014-06-18 1.200 11.955
2014-05-20 1.200 11.874
2014-04-21 1.200 12.035
2014-03-19 1.200 12.097
2014-02-18 1.200 12.109
2014-01-22 1.200 12.430
2013-12-17 1.200 11.832
2013-11-19 1.200 11.996
2013-10-21 1.200 12.625
2013-09-18 1.200 12.831
2013-08-20 1.200 12.204
2013-07-22 1.200 13.140
2013-06-18 1.200 13.627
2013-05-21 1.200 13.486
2013-04-19 1.200 13.616
2013-03-19 1.200 13.634
2013-02-15 1.200 13.376
2013-01-21 1.200 13.634
2012-12-18 1.200 14.786
2012-11-20 1.200 15.213
2012-10-22 1.200 14.834
2012-09-18 1.200 14.516
2012-08-21 1.200 14.807
2012-07-20 1.200 15.083
2012-06-19 1.200 15.212
2012-05-22 1.200 15.796
2012-04-19 1.200 13.915
2012-03-20 1.200 13.335
2012-02-17 1.200 13.336
2012-01-20 1.200 13.925
2011-12-16 1.200 16.066
2011-11-18 1.200 17.548
2011-10-19 1.200 14.201
2011-09-20 1.200 14.559
2011-08-19 1.200 13.664
2011-07-19 1.200 13.687
2011-06-20 1.200 13.113
2011-05-18 1.200 12.925
2011-04-13 1.200 12.955
2011-03-21 1.200 12.663
2011-02-15 1.200 11.989
2011-01-20 1.200 12.474
2010-12-20 1.200 12.926
2010-11-18 1.200 12.888
2010-10-19 1.200 12.543
2010-09-20 1.200 12.907
2010-08-19 1.200 14.006
2010-07-21 1.200 13.597
2010-06-18 1.200 13.247
2010-05-18 1.200 12.744
2010-04-21 1.200 12.505
2010-03-22 1.200 12.480
2010-02-17 1.200 13.105
2010-01-19 1.200 14.056
2009-12-17 1.200 14.935
2009-11-18 1.200 15.310
2009-10-20 1.200 15.416
2009-09-21 1.200 16.056
2009-08-19 1.200 16.624
2009-07-22 1.200 16.542
2009-06-18 1.200 18.918
2009-05-19 1.200 19.958

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Dividend Growth Split has not reported any payouts.
  • Unable to verify if Dividend Growth Split's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Dividend Growth Split's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Dividend Growth Split has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Dividend Growth Split's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Dividend Growth Split afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Dividend Growth Split has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

DGS Management

 What is the CEO of Dividend Growth Split's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Dividend Growth Split has no CEO, or we have no data on them.
Management Team
Board of Directors
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess Dividend Growth Split's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Dividend Growth Split has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

DGS News

Simply Wall St News

DGS Company Info

Description

Dividend Growth Split Corp. is a closed-ended equity mutual fund launched and managed by Brompton Funds Limited. The fund invests in the public equity markets of Canada. It invests in stocks of companies operating across diversified sectors. The fund primarily invests in stocks of large-cap companies. It benchmarks the performance of its portfolio against the S&P/TSX Composite Index. Dividend Growth Split Corp. was formed on September 25, 2007 and is domiciled in Canada.

Details
Name: Dividend Growth Split Corp.
DGS
Exchange: TSX
Founded: 2007
CA$97,855,335
32,727,537
Website: http://www.bromptongroup.com/funds/fund/dgs/overview
Address: Dividend Growth Split Corp.
Bay Wellington Tower,
Brookfield Place,
Toronto,
Ontario, M5J 2T3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX DGS Class A Shares The Toronto Stock Exchange CA CAD 03. Dec 2007
OTCPK DDWW.F Class A Shares Pink Sheets LLC US USD 03. Dec 2007
Number of employees
Current staff
Staff numbers
0
Dividend Growth Split employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 02:20
End of day share price update: 2020/04/06 00:00
Last earnings filing: 2020/03/25
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.