1
Provider reportedIncome reliability
High yield deserves extra verification
TF.TO shows a provider yield of 10.38%. That can be useful for income planning, but high yield should be checked against payout history and structure.
Market dataIncome framework read
Dividend CompanyTSXCanada
TF.TO
Timbercreek Financial
FinancialsPlain dividendUnknown
Market Snapshot
$6.65
+$0.10 (1.53%)
Toronto
Yield
10.38%
Rate $0.69
Next Payment
Payment date passed
Ex-date 2026-05-29
52wk Position
20.36%
-16.67% below high
Updated just now
Income Intelligence Summary
Deterministic interpretation from Prospyr's income framework and available market data.
2
Editorial frameworkDRIP defense
Default DRIP test is not defended
TF.TO does not cover one full share per payment at the default 100-share test. Coverage is 0.86.
3
Editorial frameworkMain watch item
DRIP coverage is the weak point
TF.TO is below the defended default DRIP zone. The practical watch item is share count versus current price, not just stated yield.
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
- $5.75
- APR
- 0.865
- Coverage
- 0.865
Rung failed. Restore immediately or rebalance the holding.
Price Creep
Defended price ceiling
- Max defended
- $5.75
- Cushion
- -$0.90
- Cushion %
- -13.53%
Current $6.65Break $5.75
Smart Recommendation
TF.TO is not defended at these inputs; top up shares, lower TPR, or test alternatives.
Research Signals
Research in progress
DRIP availability
Pending
Tax character
Pending
Distribution history
Pending
Structure Overview
This is a publicly traded company that pays regular cash dividends to shareholders. Canadian-listed dividend companies typically pay eligible dividends, which qualify for the dividend tax credit in non-registered accounts. Payout policy, frequency, and sustainability vary by issuer; verify the current distribution policy directly with the company.
Canadian Planning Notes
- 1Eligible dividends from Canadian corporations are taxed more favourably in a non-registered account than foreign dividends or interest income.
- 2DRIP availability varies by issuer and broker; confirm whether your plan offers optional cash purchase (OCP) alongside the dividend reinvestment.
- 3Always verify the current payout policy, ex-dividend date, and recent financial results with the issuer before including this holding in a plan.
Market Facts
Market Data
A factual market, distribution, valuation, and financial snapshot for this holding.
Market Data
Market data
Price
$6.65
Previous close
$6.55
Day range
$6.55 - $6.65
52wk range
$6.31 - $7.98
Market cap
550.3M
Volume
149.6K
Avg volume
232.3K
Exchange
Toronto
Dividend and distribution
Forward rate
$0.69
Trailing rate
$0.69
Forward yield
10.38%
Trailing yield
10.58%
Per payment
$0.06
Cadence
Monthly
Next ex-date
May 29, 2026
Next pay
May 15, 2026
Last dividend
$0.06
Last dividend date
Apr 30, 2026
Performance
Daily change
$0.10
Daily change %
1.53%
52wk position
20.36%
Below 52wk high
-16.67%
Above 52wk low
5.39%
Open
$6.55
Earnings and financials
Trailing EPS
0.37
Forward EPS
0.68
Revenue
47.7M
Revenue growth
-33.50%
Profit margin
62.96%
Operating margin
72.00%
Payout ratio
N/A
Free cash flow
N/A
Total cash
6.3M
ROE
4.47%
ROA
1.55%
Debt/equity
214.02
Beta
0.92
Valuation
Trailing P/E
17.97
Forward P/E
9.78
Price/sales
11.53
Price/book
0.84
Enterprise value
2B
EV/EBITDA
N/A
Analyst facts
Target mean
$7.06
Target high
$7.50
Target low
$6.75
Recommendation mean
N/A
Recommendation key
none
Analysts
4
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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Compare With Peers
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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.