Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Prime Dividend

TSX:PDV
Snowflake Description

Undervalued with adequate balance sheet and pays a dividend.

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

Prime Dividend Corp. is an open ended equity mutual fund launched by Quadravest Inc. The last earnings update was 34 days ago. More info.


Add to Portfolio Compare Print
  • Prime Dividend is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Prime Dividend has significant price volatility in the past 3 months.
PDV Share Price and Events
7 Day Returns
28.2%
TSX:PDV
2%
CA Capital Markets
6.4%
CA Market
1 Year Returns
-49.1%
TSX:PDV
-19.2%
CA Capital Markets
-25.5%
CA Market
PDV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Prime Dividend (PDV) 28.2% -42.6% -49.9% -49.1% -62% -63.5%
CA Capital Markets 2% -24% -26.2% -19.2% -20% -21.3%
CA Market 6.4% -22.6% -26.8% -25.5% -23.5% -17.4%
1 Year Return vs Industry and Market
  • PDV underperformed the Capital Markets industry which returned -19.2% over the past year.
  • PDV underperformed the Market in Canada which returned -25.5% over the past year.
Price Volatility
PDV
Industry
5yr Volatility vs Market

Value

 Is Prime Dividend 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 Prime Dividend 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 Prime Dividend.

TSX:PDV 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$8.05 * 14.3%
CA$1.15
Book Value of Equity per Share Median Book Value from the past 5 years. CA$8.05
Discount Rate (Cost of Equity) See below 11.7%
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:PDV
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 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.752 (1 + (1- 26.5%) (285.71%))
1.891
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.44% + (1.891 * 5.44%)
11.73%

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

The calculations below outline how an intrinsic value for Prime Dividend 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:PDV Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (14.3% – 11.73%) * CA$8.05)
CA$0.21
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CA$0.21 / (11.73% - 1.44%)
CA$2.03
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CA$8.05 + CA$2.03
CA$10.08
TSX:PDV Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$10.08
Current discount Discount to share price of CA$3.50
= -1 x (CA$3.50 - CA$10.08) / CA$10.08
65.3%

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

Current Discount
Amount off the current price Prime Dividend is available for.
Intrinsic value
>50%
Share price is CA$3.5 vs Future cash flow value of CA$10.08
Current Discount Checks
For Prime Dividend to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Prime Dividend's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Prime Dividend'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 Prime Dividend's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Prime Dividend's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:PDV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-11-30) in CAD CA$1.62
TSX:PDV Share Price ** TSX (2020-03-27) in CAD CA$3.5
Canada Capital Markets Industry PE Ratio Median Figure of 16 Publicly-Listed Capital Markets Companies 7.37x
Canada Market PE Ratio Median Figure of 500 Publicly-Listed Companies 10.58x

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

** Primary Listing of Prime Dividend.

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

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

= 3.5 ÷ 1.62

2.16x

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

  • Prime Dividend is good value based on earnings compared to the CA Capital Markets industry average.
  • Prime Dividend is good value based on earnings compared to the Canada market.
Price based on expected Growth
Does Prime Dividend's expected growth come at a high price?
Raw Data
TSX:PDV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 2.16x
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 1.81x
Canada Market PEG Ratio Median Figure of 235 Publicly-Listed Companies 0.71x

*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 Prime Dividend, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Prime Dividend's assets?
Raw Data
TSX:PDV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-11-30) in CAD CA$7.42
TSX:PDV Share Price * TSX (2020-03-27) in CAD CA$3.5
Canada Capital Markets Industry PB Ratio Median Figure of 157 Publicly-Listed Capital Markets Companies 0.82x
Canada Market PB Ratio Median Figure of 2,349 Publicly-Listed Companies 0.99x
TSX:PDV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 3.5 ÷ 7.42

0.47x

* Primary Listing of Prime Dividend.

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

  • Prime Dividend is good value based on assets compared to the CA Capital Markets industry average.
X
Value checks
We assess Prime Dividend'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. Prime Dividend 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.

Future Performance

 How is Prime Dividend 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 Prime Dividend 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
5.8%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Prime Dividend expected to grow at an attractive rate?
  • Unable to compare Prime Dividend's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Prime Dividend's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Prime Dividend's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:PDV Future Growth Rates Data Sources
Data Point Source Value (per year)
North America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 5.8%
North America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 2.6%
Canada Market Earnings Growth Rate Market Cap Weighted Average 7.6%
Canada Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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:PDV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 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:PDV Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-11-30 3 3 2
2019-08-31 1 4 0
2019-05-31 0 4 -1
2019-02-28 0 3 -1
2018-11-30 -1 2 -2
2018-08-31 0 2 -1
2018-05-31 2 2 1
2018-02-28 2 3 1
2017-11-30 3 3 2
2017-08-31 3 4 2
2017-05-31 3 4 2
2017-02-28 3 3 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Prime Dividend is high growth as no earnings estimate data is available.
  • Unable to determine if Prime Dividend 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:PDV Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Prime Dividend Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:PDV Past Financials Data
Date (Data in CAD Millions) EPS *
2019-11-30 1.62
2019-08-31 0.42
2019-05-31 -0.77
2019-02-28 -1.49
2018-11-30 -2.19
2018-08-31 -0.81
2018-05-31 0.57
2018-02-28 1.13
2017-11-30 1.67
2017-08-31 1.58
2017-05-31 1.49
2017-02-28 1.56

*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 Prime Dividend will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Prime Dividend'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.
Prime Dividend 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.

Past Performance

  How has Prime Dividend 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 Prime Dividend'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.
  • Prime Dividend's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Prime Dividend has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Prime Dividend has become profitable in the last year making it difficult to compare the CA Capital Markets industry average.
Earnings and Revenue History
Prime Dividend'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 Prime Dividend Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:PDV Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-11-30 2.52 1.53 0.26
2019-08-31 1.39 0.39 0.27
2019-05-31 0.27 -0.74 0.28
2019-02-28 -0.40 -1.43 0.29
2018-11-30 -1.06 -2.11 0.29
2018-08-31 0.25 -0.78 0.29
2018-05-31 1.57 0.55 0.29
2018-02-28 2.16 1.11 0.30
2017-11-30 2.75 1.68 0.31
2017-08-31 2.71 1.63 0.31
2017-05-31 2.67 1.57 0.31
2017-02-28 2.76 1.66 0.31
2016-11-30 2.84 1.75 0.30
2016-08-31 1.56 0.45 0.30
2016-05-31 0.27 -0.85 0.30
2016-02-29 -0.39 -1.52 0.31
2015-11-30 -1.05 -2.18 0.32
2015-08-31 0.16 -1.00 0.33
2015-05-31 1.37 0.18 0.34
2015-02-28 1.97 0.77 0.35
2014-11-30 2.58 1.36 0.36
2014-08-31 1.25 2.10 0.37
2014-05-31 1.28 2.85 0.37
2014-02-28 1.15 3.77 0.36
2013-11-30 1.02 4.68 0.35
2013-08-31 1.05 3.87 0.34
2013-05-31 1.07 3.05 0.33

*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 Prime Dividend has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Prime Dividend used its assets more efficiently than the CA Capital Markets industry average last year based on Return on Assets.
  • Prime Dividend has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Prime Dividend'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.
Prime Dividend has a total score of 2/6, 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.

Health

 How is Prime Dividend'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 Prime Dividend's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Prime Dividend is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Prime Dividend has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Prime Dividend'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 1.8x 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 Prime Dividend Company Filings, last reported 4 months ago.

TSX:PDV Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-11-30 7.01 9.45 16.47
2019-08-31 7.01 9.45 16.47
2019-05-31 6.17 9.45 15.74
2019-02-28 6.17 9.45 15.74
2018-11-30 6.23 11.93 18.31
2018-08-31 6.23 11.93 18.31
2018-05-31 7.77 11.93 19.82
2018-02-28 7.77 11.93 19.82
2017-11-30 9.25 11.93 20.94
2017-08-31 9.25 11.93 20.94
2017-05-31 8.14 11.93 20.20
2017-02-28 8.14 11.93 20.20
2016-11-30 9.39 13.14 23.47
2016-08-31 9.39 13.14 23.47
2016-05-31 8.32 13.14 21.58
2016-02-29 8.32 13.14 21.58
2015-11-30 8.69 13.60 22.45
2015-08-31 8.69 13.60 22.45
2015-05-31 10.30 13.60 24.05
2015-02-28 10.30 13.60 24.05
2014-11-30 11.87 13.60 25.51
2014-08-31 11.85 13.60 0.84
2014-05-31 11.17 13.60 0.58
2014-02-28 11.17 13.60 0.58
2013-11-30 12.21 14.35 3.57
2013-08-31 12.21 14.35 3.57
2013-05-31 10.04 14.35 1.66
  • Prime Dividend's level of debt (134.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (114.7% vs 134.7% today).
  • Debt is well covered by operating cash flow (32.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.6x coverage).
X
Financial health checks
We assess Prime Dividend'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. Prime Dividend 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.

Dividends

 What is Prime Dividend'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
19.69%
Current annual income from Prime Dividend dividends.
If you bought CA$2,000 of Prime Dividend shares you are expected to receive CA$394 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?
  • Prime Dividend's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2.73%).
  • Prime Dividend's dividend is above the markets top 25% of dividend payers in Canada (8.76%).
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:PDV 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 9 Stocks 6.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 4.9%
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 8.8%

Industry and Market average data is calculated daily.

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

TSX:PDV Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2020-02-21 0.689 16.561
2020-01-21 0.678 9.093
2019-12-18 0.667 9.389
2019-11-20 0.653 9.116
2019-10-21 0.659 9.186
2019-09-18 0.676 9.780
2019-08-22 0.715 11.087
2019-07-19 0.725 11.259
2019-06-20 0.749 11.338
2019-05-21 0.683 10.019
2019-04-18 0.787 11.109
2019-03-20 0.813 11.659
2019-02-21 0.841 12.642
2019-01-17 0.889 13.957
2018-12-19 0.911 16.467
2018-11-20 0.944 13.790
2018-10-18 0.962 12.346
2018-09-19 0.965 11.265
2018-08-20 0.965 10.437
2018-07-18 0.963 10.397
2018-06-20 0.959 10.438
2018-05-18 0.956 10.327
2018-04-18 0.990 10.731
2018-03-21 1.003 10.515
2018-02-22 1.034 10.357
2018-01-19 0.980 9.903
2017-12-21 0.984 9.855
2017-11-23 0.977 9.912
2017-10-18 0.943 9.671
2017-09-20 0.936 9.846
2017-08-21 0.928 10.032
2017-06-20 0.878 9.627
2017-05-18 0.912 10.242
2017-04-18 0.926 10.320
2017-03-20 0.938 10.317
2017-02-16 0.911 9.748
2017-01-19 0.882 9.605
2016-12-20 0.808 8.986
2016-11-15 0.733 8.825
2016-10-19 0.704 9.534
2016-09-20 0.712 10.005
2016-08-17 0.712 10.073
2016-07-20 0.682 9.639
2016-06-20 0.749 10.644
2016-05-17 0.749 10.108
2016-04-20 0.704 9.679
2016-03-18 0.635 8.940
2016-02-18 0.631 9.472
2016-01-15 0.702 11.757
2015-12-21 0.734 11.291
2015-11-17 0.755 10.467
2015-10-20 0.738 9.843
2015-09-18 0.748 10.364
2015-08-19 0.910 12.437
2015-07-20 0.966 10.902
2015-06-18 0.938 9.854
2015-05-21 0.961 10.166
2015-04-20 0.943 9.836
2015-03-18 0.965 10.127
2015-02-18 0.946 9.903
2015-01-20 0.998 10.499
2014-12-19 1.045 10.791
2014-11-19 0.992 10.045
2014-10-20 1.014 10.139
2014-09-19 1.042 10.519
2014-08-20 1.022 9.730
2014-07-18 0.959 9.502
2014-06-18 0.928 9.606
2014-05-21 0.928 9.777
2014-04-21 0.928 9.695
2014-03-19 0.928 9.620
2014-02-19 0.928 9.535
2014-01-20 0.928 9.838
2013-12-18 0.928 9.607
2013-11-20 0.928 9.756
2013-10-18 0.928 9.975
2013-09-18 0.928 11.279
2013-08-20 0.928 11.478
2013-07-18 0.928 11.579
2013-06-19 0.928 12.208
2013-05-21 0.928 11.934
2013-04-18 0.928 12.089
2013-03-19 0.928 11.882
2013-02-19 0.928 11.415
2012-12-18 0.928 12.176
2012-11-20 0.928 13.228
2012-10-18 0.928 13.461
2012-09-19 0.928 13.037
2012-08-20 0.928 13.213
2012-07-18 0.928 13.818
2012-06-20 0.928 13.686
2012-05-18 0.928 13.305
2012-04-18 0.928 11.065
2012-03-20 0.928 10.793
2012-02-17 0.928 10.751
2012-01-18 0.928 10.851
2011-12-20 0.928 12.067
2011-11-18 0.928 12.179
2011-10-19 0.928 11.110
2011-09-20 0.928 11.594
2011-08-18 0.928 11.300
2011-07-21 0.928 10.731
2011-06-20 0.928 9.717
2011-05-18 0.928 9.213
2011-04-19 0.928 9.173
2011-03-18 0.928 9.203
2011-02-16 0.928 9.109
2011-01-19 0.928 9.486
2010-12-20 0.928 9.768
2010-11-18 0.928 10.140
2010-10-20 0.928 10.421
2010-09-20 0.928 10.678
2010-08-18 0.928 11.420
2010-07-21 0.928 10.990
2010-06-18 0.928 11.085
2010-05-19 0.928 10.775
2010-04-20 0.928 10.013
2010-03-19 0.928 9.469
2010-02-17 0.928 10.279
2010-01-20 0.928 10.676
2009-12-18 0.928 10.287
2009-11-18 0.928 11.056
2009-10-21 0.928 11.277
2009-09-18 0.928 10.749
2009-08-21 0.928 11.275
2009-07-20 0.928 11.373
2009-06-18 0.928 12.872
2009-05-22 0.928 13.098

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Prime Dividend's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.5x coverage).
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 Prime Dividend'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 Prime Dividend afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Prime Dividend has a total score of 4/6, see the detailed checks below.


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

Management

 What is the CEO of Prime Dividend'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.
  • Prime Dividend 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 Prime Dividend'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. Prime Dividend 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.

News

Simply Wall St News

Company Info

Description

Prime Dividend Corp. is an open ended equity mutual fund launched by Quadravest Inc. The fund is managed by Quadravest Capital Management Inc. It invests in public equity markets of Canada. The fund invests in stocks of companies across diversified sectors. Prime Dividend Corp. was formed on November 16, 2005 and is domiciled in Canada.

Details
Name: Prime Dividend Corp.
PDV
Exchange: TSX
Founded: 2005
CA$3,307,339
944,954
Website: http://www.primedividend.com
Address: Prime Dividend Corp.
77 King Street West,
Royal Trust Tower,
Toronto,
Ontario, M5K 1K7,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX PDV Class A Shares The Toronto Stock Exchange CA CAD 16. Nov 2005
Number of employees
Current staff
Staff numbers
0
Prime Dividend employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 02:00
End of day share price update: 2020/03/27 00:00
Last earnings filing: 2020/02/25
Last earnings reported: 2019/11/30
Last annual earnings reported: 2019/11/30


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.