- Decisive Dividend Corp. (TSXV:DE), an acquirer focused on manufacturing businesses, is announcing a monthly dividend of C$0.045 per common share for July 2024
- The company has grown its dividend by 3.45 times since 2017 on top of rewarding shareholders with a 620 per cent return since inception in 2013
- Decisive Dividend owns 13 small businesses diversified across essential industries including hearth products, precision machining and agricultural sprayers, among others
- Decisive Dividend stock is up by 3.26 per cent, trading at C$7.60 per share as of 9:53 am ET
Decisive Dividend Corp. (TSXV:DE), an acquirer focused on manufacturing businesses, is announcing a monthly dividend of C$0.045 per common share for July 2024.
The dividend, payable on July 15 to shareholders of record as of June 28, represents an expected payout of C$2.76 in 2024, which is up by 3.45 times from C$0.80 in 2017, and amounts to a conservative dividend payout ratio of only 66 per cent.
The company’s cash flow is tied to a growing portfolio of 13 small industrial businesses with sustainable competitive advantages across hearth products, precision machining, agricultural sprayers, radiators, steel and aluminum fabrication, and more, each of them acquired at disciplined prices against their long-term growth potential and established track records of profitability.
Decisive Dividend’s collection of essential-service based businesses grants it considerable room to run, in addition to a growing pipeline of inorganic opportunities, positioning a management team experienced across the supply chain to increase the dividend and add on to its already impressive track record of shareholder value creation, including:
- Almost tripling revenue from C$47.39 million in 2019 to C$134.88 million in 2023.
- Positive net income in four of the past five years that has grown by 11 times over the period.
The company’s cash-generating operations have allowed it to not only pay out a growing dividend, but also reward investors with sizable share-price appreciation since inception in 2013 (620 per cent return), since 2019 (100.53 per cent) and year-over-year (13.34 per cent), in each case besting the performance of the TSX Index.
In this way, investors in Decisive Dividend stock have been able to have their cake and eat it too, backed by strong reasons for long-term conviction.
About Decisive Dividend Corp.
Decisive Dividend is an acquisition-oriented company focused on opportunities in manufacturing.
Decisive Dividend stock (TSXV:DE) is up by 3.26 per cent trading at C$7.60 per share as of 9:53 am ET.
Join the discussion: Find out what everybody’s saying about this small-cap dividend stock on the Decisive Dividend Corp. Bullboard, and check out Stockhouse’s stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
(Top photo: Adobe Stock)