Definity Financial Co. (TSE:DFY) plans quarterly dividend of $0.13


Definity Financial Co. (TSE:DFY – Get Rating) declared a quarterly dividend on Thursday, May 12, Zacks reports. Investors of record on Wednesday, June 15 will receive a dividend of 0.125 per share on Tuesday, June 28. This represents a dividend of $0.50 on an annualized basis and a yield of ∞. The ex-date of this dividend is Tuesday, June 14.

Definity Financial has a fifty-two week low of CA$26.00 and a fifty-two week high of CA$35.40. The company has a market capitalization of C$3.73 billion and a P/E ratio of 15.94. The company has a 50-day moving average of C$32.33. The company has a debt ratio of 0.79, a quick ratio of 0.29 and a current ratio of 0.35.

Definity Financial (TSE:DFY – Get Rating) last released its quarterly earnings data on Thursday, February 10. The company reported earnings per share (EPS) of C$0.42 for the quarter, beating analyst consensus estimates of C$0.38 by C$0.04. The company recorded revenue of C$749.60 million in the quarter, compared to the consensus estimate of C$766.00 million. On average, equity research analysts expect Definity Financial to post earnings per share of 1.9800001 for the current fiscal year.

A number of stock analysts have recently released reports on the company. TD Securities raised its price target on Definity Financial from C$33.00 to C$35.00 and gave the stock a “buy” rating in a Monday, February 14 report. National Bankshares raised its price target on Definity Financial from C$37.00 to C$38.00 and gave the company an “outperform” rating in a research note on Friday. Raymond James raised his price target on Definity Financial from CA$32.00 to CA$33.50 and gave the company an “outperform” rating in a Monday, Feb. 14 research note. CIBC set a price target of C$41.50 on Definity Financial and gave the company an “outperform” rating in a Thursday, April 21 research note. Finally, Barclays reaffirmed an “overweight” rating and set a price target of C$32.00 on shares of Definity Financial in a Friday, February 11 research note. According to MarketBeat.com, Definity Financial currently has an average rating of “Buy” and an average target price of C$35.83.

Definity Financial Company Profile (Get a rating)

Definity Financial Corporation, together with its subsidiaries, offers property and casualty insurance products in Canada. It offers personal insurance products, including auto, property, general liability and umbrella insurance products, and pet insurance products to individuals under the Economical, Sonnet, Family, Petsecure and Peppermint brands; and commercial insurance products including commercial fleet, commercial auto, property, liability and specialty insurance products under the Economical brand.

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