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  5. TF: Good Morning, I am searching for stable high dividend stocks for income, and I was wondering if Timbercreek Financial qualifies. [Timbercreek Financial Corp.]
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Q: Good Morning,
I am searching for stable high dividend stocks for income, and I was wondering if Timbercreek Financial qualifies. How safe is their dividend? Have they ever cut it? What is the growth potential of this company? What is a good entry point.
Thanks for your service.
Jane

Asked by Jane on August 31, 2021
5i Research Answer:

TF cut in 2009, 2012, 2014 and 2016 but the cuts were tiny (5% or so in 2009, for example). The shares are priced well and the payout ratio (12 months) is 102%, so we can't say it is completely safe. The last quarter was 90.8%. It has some growth potential but since it pays out most income it has less capital for growth. On a per share basis, earnings really have not done much and 2022 estimates are lower than 2016 results. We would not buy it for growth. We think $9 would be interesting.