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Derived from payout historyIncome reliability
Quarterly income profile is visible
CSU.TO has an income profile aligned with its dividend company role. Provider data shows 4 recent payout records.
Market dataIncome framework read
Dividend CompanyTSXCanada
CSU.TO
Constellation Software
TechnologyPlain dividendQuarterly
Market Snapshot
$2,981.21
+$11.21 (0.38%)
Toronto
Yield
0.19%
Rate $5.60
Next Payment
—
Ex-date 2026-09-18
52wk Position
41.02%
-27.46% below high
Updated —
Decision Area
Distribution and DRIP Defense
Payout history, default DRIP coverage, and price creep pressure using market data where available.
Distribution Chart
Last 12 payments
Confirmed Expected
Coverage Ratio Test
DRIP defense check
- Cash
- $140.00
- APR
- 0.047
- Coverage
- 0.047
Broken. The dividend no longer covers the target print rate. Top up shares or lower the target print rate.
Price Creep
Defended price ceiling
- Max defended
- $140.00
- Cushion
- -$2,841.21
- Cushion %
- -95.30%
Current $2,981.21Break $140.00
Smart Recommendation
CSU.TO is not defended at these inputs; top up shares, lower TPR, or test alternatives.
Research Signals
Payout sustainability
N/A — negligible yield
2mo agoDRIP availability
Likely available
2mo agoTax character
Eligible dividend
2mo agoDistribution history
Recently introduced, small
2mo agoStructure complexity
High
2mo agoIncome trend
Mixed
2mo agoAccount suitability
Growth holding, not income
2mo agoGrowth-to-Income Holding
Constellation Software is best understood as a growth holding with a token dividend attached, not a dividend income stock — its inclusion in an income portfolio should be evaluated on capital appreciation, not yield.
Open Portfolio Conversion ToolStructure Overview
Constellation Software (CSU) is an acquirer and operator of over 1,000 decentralized vertical-market software businesses, with a dividend yield under 0.5% that makes standard payout-ratio analysis largely uninformative. The company has historically reinvested nearly all free cash flow into acquisitions rather than dividends, though the share allocated to the dividend has risen recently. Revenue grew strongly in FY2025 while net income eased — a mixed signal worth stating directly.
Canadian Planning Notes
- 1Eligible dividends from Constellation qualify for the dividend tax credit, but the near-zero yield means this holding functions as a growth position, not an income position.
- 2Investors building an income-focused portfolio should not expect CSU to contribute meaningfully to DRIP-driven share accumulation given the small dividend size.
Market Facts
Market Data
A factual market, distribution, valuation, and financial snapshot for this holding.
Canadian Context
Account placement
Non-registered
Eligible Canadian dividends qualify for the dividend tax credit, which can improve after-tax income in taxable accounts.
TFSA: Tax-free growth and withdrawals.
RRSP: Tax-deferred growth, with withdrawals taxed as regular income.
Eligible dividend tax credit
- Total credit
- $345.27
- Effective rate
- 34.53%
Broker DRIP status
Questrade
Available
Wealthsimple
Available
RBC Direct Investing
Available
TD Direct Investing
Available
Run Your Numbers
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Related Holdings
This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.