Latest news with #DecisiveDividend
Globe and Mail
9 hours ago
- Business
- Globe and Mail
Decisive Dividend Corporation Announces Extension of Credit Facility
, June 9, 2025 /CNW/ - Decisive Dividend Corporation (TSXV: DE) ("Decisive" or the "Corporation") announced that it has extended the term of its $175 million syndicated credit facility by one year. This extension maintains the committed three-year term of the credit facility and all drawn amounts now mature in June 2028 . In addition, the senior lenders agreed to increase the Corporation's leverage covenant from a 3.25 times debt to adjusted EBITDA ratio to a 3.50 times debt to adjusted EBITDA ratio. A summary of the key aspects of the Corporation's credit facility are as follows: Top tier lending syndicate: National Bank of Canada (administrative agent), Royal Bank of Canada , and Fédération des caisses Desjardins du Québec. $175 million overall facility with $100 million committed and an available $75 million accordion. Fully revolving credit facility that can be utilized to fund working capital, capital expenditures, and acquisitions. No required principal payments for committed three-year term. All drawn amounts mature in June 2028 with annual extension provisions. Variable interest rates tiered based on leverage ratios with a current 6% effective rate. No fees on the $75 million accordion until drawn. Financial covenants: 3.5:1 total debt to adjusted EBITDA ratio; reported 2.7:1 at March 31, 2025 1.5:1 interest charge coverage ratio; reported 1.8:1 at March 31, 2025 Rick Torriero , Chief Financial Officer of Decisive, noted: "We want to thank each member of our lending syndicate. They have been great partners and this first annual extension along with the extra flexibility provided by the increase in our leverage ratio demonstrates their commitment to working with Decisive to help us achieve our objectives. The overall facility provides us with ample liquidity to fund growth in our current operations as well as opportunistically fund acquisitions when required while then being able to look to the capital markets to rebalance to our targeted 50% debt and 50% equity funding split. From an M&A perspective, this credit facility gives us the ability to provide funding certainty to vendors, which differentiates us in the M&A markets we are focused in and, as a result, is strategically important in helping us achieve our growth objectives." About Decisive Dividend Corporation Decisive Dividend Corporation is an acquisition-oriented company, focused on opportunities in manufacturing. The Company's purpose is to be the sought-out choice for exiting legacy-minded business owners, while supporting the long-term success of the businesses acquired, and through that, creating sustainable and growing shareholder returns. The Company uses a disciplined acquisition strategy to identify already profitable, well-established, high quality manufacturing companies that have a sustainable competitive advantage, a focus on non-discretionary products, steady cash flows, growth potential and established, strong leadership. For more information on Decisive, or to sign up for email notifications of Company press releases, please visit Cautionary Statements Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the contents of this News Release. This press release contains forward-looking statements. Forward-looking statements are necessarily based upon a number of expectations and assumptions that, while considered reasonable by management at the time the statements are made, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies, many of which are beyond the Company's control and many of which are subject to change. Readers are cautioned to not place undue reliance on forward-looking statements which only speak as to the date they are made. Although management believes that the expectations and assumptions underlying such forward-looking statements are reasonable, there can be no assurance that such expectations or assumptions will prove to be correct. A number of factors could cause actual future results, performance, achievements and developments of the Company to differ materially from anticipated results, performance, achievements and developments expressed or implied by such forward-looking statements. Risk factors that could cause actual results or outcomes to differ materially from the results expressed or implied by forward-looking information are more particularly described in the most recent annual MD&A and annual information form of the Corporation available on the Corporation's profile at The forward-looking information contained in this release is made as of the date hereof and the Corporation is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein .
Yahoo
25-05-2025
- Business
- Yahoo
Just Four Days Till Decisive Dividend Corporation (CVE:DE) Will Be Trading Ex-Dividend
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that Decisive Dividend Corporation (CVE:DE) is about to go ex-dividend in just 4 days. Typically, the ex-dividend date is two business days before the record date, which is the date on which a company determines the shareholders eligible to receive a dividend. The ex-dividend date is important as the process of settlement involves at least two full business days. So if you miss that date, you would not show up on the company's books on the record date. Accordingly, Decisive Dividend investors that purchase the stock on or after the 30th of May will not receive the dividend, which will be paid on the 13th of June. The company's next dividend payment will be CA$0.045 per share, and in the last 12 months, the company paid a total of CA$0.54 per share. Last year's total dividend payments show that Decisive Dividend has a trailing yield of 7.2% on the current share price of CA$7.46. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. So we need to check whether the dividend payments are covered, and if earnings are growing. Our free stock report includes 4 warning signs investors should be aware of before investing in Decisive Dividend. Read for free now. Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. Last year, Decisive Dividend paid out 375% of its profit to shareholders in the form of dividends. This is not sustainable behaviour and requires a closer look on behalf of the purchaser. A useful secondary check can be to evaluate whether Decisive Dividend generated enough free cash flow to afford its dividend. Over the last year, it paid out more than three-quarters (80%) of its free cash flow generated, which is fairly high and may be starting to limit reinvestment in the business. It's good to see that while Decisive Dividend's dividends were not covered by profits, at least they are affordable from a cash perspective. If executives were to continue paying more in dividends than the company reported in profits, we'd view this as a warning sign. Very few companies are able to sustainably pay dividends larger than their reported earnings. View our latest analysis for Decisive Dividend Click here to see the company's payout ratio, plus analyst estimates of its future dividends. Companies with consistently growing earnings per share generally make the best dividend stocks, as they usually find it easier to grow dividends per share. If earnings fall far enough, the company could be forced to cut its dividend. For this reason, we're glad to see Decisive Dividend's earnings per share have risen 16% per annum over the last five years. Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. In the past 10 years, Decisive Dividend has increased its dividend at approximately 8.4% a year on average. It's encouraging to see the company lifting dividends while earnings are growing, suggesting at least some corporate interest in rewarding shareholders. Has Decisive Dividend got what it takes to maintain its dividend payments? Growing earnings per share and a normal cashflow payout ratio is an ok combination, but we're concerned that the company is paying out such a high percentage of its income as dividends. All things considered, we are not particularly enthused about Decisive Dividend from a dividend perspective. If you want to look further into Decisive Dividend, it's worth knowing the risks this business faces. For example, Decisive Dividend has 4 warning signs (and 2 which are a bit unpleasant) we think you should know about. If you're in the market for strong dividend payers, we recommend checking our selection of top dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
28-02-2025
- Business
- Yahoo
TSX Stocks Priced Below Estimated Intrinsic Value In February 2025
As the Canadian market navigates a landscape of stabilizing yields and moderated inflation, the TSX has seen a modest rise of 3% in early 2025. In this environment, identifying stocks priced below their intrinsic value can offer potential opportunities for investors seeking to capitalize on economic conditions that may favor well-positioned companies. Name Current Price Fair Value (Est) Discount (Est) Tourmaline Oil (TSX:TOU) CA$66.28 CA$127.89 48.2% Decisive Dividend (TSXV:DE) CA$6.26 CA$11.52 45.7% Thunderbird Entertainment Group (TSXV:TBRD) CA$1.75 CA$3.37 48.1% Groupe Dynamite (TSX:GRGD) CA$15.80 CA$28.43 44.4% Kinaxis (TSX:KXS) CA$160.59 CA$318.64 49.6% Quisitive Technology Solutions (TSXV:QUIS) CA$0.56 CA$1.06 47.3% Electrovaya (TSX:ELVA) CA$3.225 CA$6.00 46.2% Wishpond Technologies (TSXV:WISH) CA$0.32 CA$0.57 43.6% Enterprise Group (TSX:E) CA$2.11 CA$4.15 49.1% Condor Energies (TSX:CDR) CA$1.74 CA$3.41 48.9% Click here to see the full list of 31 stocks from our Undervalued TSX Stocks Based On Cash Flows screener. Here we highlight a subset of our preferred stocks from the screener. Overview: Colliers International Group Inc. is a global provider of commercial real estate services to corporate and institutional clients across various regions, with a market cap of approximately CA$9.23 billion. Operations: The company's revenue segments include Engineering at $1.24 billion, Real Estate Services at $3.07 billion, and Investment Management at $512.59 million. Estimated Discount To Fair Value: 15% Colliers International Group is trading at CA$184.37, about 15% below its estimated fair value of CA$216.92, suggesting potential undervaluation based on cash flows. Despite a high debt level, earnings are expected to grow at 17.6% annually, outpacing the Canadian market average of 16%. Recent executive changes and an expanded credit facility enhance growth prospects but significant insider selling may raise caution among investors. Upon reviewing our latest growth report, Colliers International Group's projected financial performance appears quite optimistic. Unlock comprehensive insights into our analysis of Colliers International Group stock in this financial health report. Overview: Docebo Inc. is a learning management software company offering an AI-powered learning platform across North America and internationally, with a market cap of CA$1.65 billion. Operations: The company generates revenue primarily from its educational software segment, amounting to $209.17 million. Estimated Discount To Fair Value: 29.0% Docebo, trading at CA$53.85, is 29% below its estimated fair value of CA$75.86, highlighting potential undervaluation based on cash flows. Earnings have surged significantly and are projected to grow at 39.2% annually, outpacing the Canadian market's growth rate. A strategic partnership with Class Technologies enhances virtual training capabilities while recent executive changes may introduce some uncertainty as the company transitions to a new CFO after February 28, 2025. In light of our recent growth report, it seems possible that Docebo's financial performance will exceed current levels. Get an in-depth perspective on Docebo's balance sheet by reading our health report here. Overview: Kinaxis Inc. offers cloud-based subscription software for supply chain operations across the United States, Europe, Asia, and Canada with a market cap of CA$4.29 billion. Operations: Kinaxis generates revenue through its cloud-based subscription software designed for supply chain management across regions including the United States, Europe, Asia, and Canada. Estimated Discount To Fair Value: 49.6% Kinaxis, trading at CA$160.59, is 49.6% below its estimated fair value of CA$318.64, suggesting undervaluation based on cash flows. Despite a challenging year with net income dropping to US$0.056 million from US$10.06 million in 2023 and impairment losses reported, the company's earnings are expected to grow significantly at 83.4% annually over the next three years, outpacing the Canadian market's growth rate of 16%. Our earnings growth report unveils the potential for significant increases in Kinaxis' future results. Dive into the specifics of Kinaxis here with our thorough financial health report. Unlock our comprehensive list of 31 Undervalued TSX Stocks Based On Cash Flows by clicking here. Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up. Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include TSX:CIGI TSX:DCBO and TSX:KXS. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
