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 12th, Zacks reports. Shareholders of record on Wednesday, June 15th will be given a dividend of 0.125 per share on Tuesday, June 28th. This represents a $0.50 annualized dividend and a yield of ∞. The ex-dividend date of this dividend is Tuesday, June 14th.

The company has a debt-to-equity ratio of 0.79, a current ratio of 0.35 and a quick ratio of 0.29. The firm has a fifty day simple moving average of C$32.33. The company has a market cap of C$3.73 billion and a PE ratio of 15.94. Definity Financial has a 1 year low of C$26.00 and a 1 year high of C$35.40.

Definity Financial (TSE:DFY – Get Rating) last released its quarterly earnings results on Thursday, February 10th. The company reported C$0.42 earnings per share for the quarter, topping the consensus estimate of C$0.38 by C$0.04. The company had revenue of C$749.60 million for the quarter, compared to analysts’ expectations of C$766.00 million. Equities research analysts forecast that Definity Financial will post 1.9800001 EPS for the current year.

Several equities analysts have weighed in on the company. CIBC set a C$41.50 price target on Definity Financial and gave the stock an “outperform” rating in a research report on Thursday, April 21st. Royal Bank of Canada raised their price objective on Definity Financial from C$32.00 to C$35.00 and gave the stock an “outperform” rating in a report on Friday, February 11th. Raymond James raised their price objective on Definity Financial from C$32.00 to C$33.50 and gave the stock an “outperform” rating in a report on Monday, February 14th. TD Securities raised their price objective on Definity Financial from C$33.00 to C$35.00 and gave the stock a “buy” rating in a report on Monday, February 14th. Finally, Barclays restated an “overweight” rating and set a C$32.00 price objective on shares of Definity Financial in a report on Friday, February 11th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$35.83.

Definity Financial Company Profile (Get Rating)

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

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