Our analysis is based on comparing Issuer Direct Corp. with the following peers – Information Services Group, Inc., CEB Inc., Actua Corporation, Iron Mountain, Inc., Calmare Therapeutics Inc., UBL Interactive, Inc. and Auxilio, Inc. (III-US, CEB-US, ACTA-US, IRM-US, CTTC-US, UBLI-US and AUXO-US).
Issuer Direct Corp.’s dividend yield is 1.70 percent and its dividend payout is 29.63 percent. This compares to a peer average dividend yield of 1.89 percent and a payout level of -0 percent. This combination of a relatively lower dividend yield and a higher payout ratio suggest that the dividend payout might not be sustainable. The contra-indicator here is the relatively strong dividend quality score of 92 out of a possible score of 100, which points to some ability to sustain the higher payout ratio.
Dividend Quality Overview
- Over the last twelve months (prior to December 31, 2016), ISDR-US paid a high quality dividend, which represents a yield of 1.51% at the current price.
- Dividend quality trend has not been consistent over the last five years. Dividends were paid during 4 of these years — of these 3 were high quality and 1 was medium quality.
- The ending cash balance, with a dividend coverage of 11.79x, provides a substantial cushion in case of a significant reduction of cash flows in the future.
Quadrant label definitions. Hover to know more
Over the last twelve months (prior to December 31, 2016), ISDR-US paid a high quality dividend.
The source of the company’s cash to support the dividend paid over the last twelve months is operating cash flow (coverage of 6.10x), investing cash flow (coverage of -2.63x), issuance cash flow (coverage of 0.08x) and twelve-month prior cash (coverage of 9.31x), for a total dividend coverage of 12.79x.
These coverage ratio factors imply that the firm’s dividends are wholly paid from operating and investing cash flows net of any debt repayments, which suggests a high dividend quality.
|Dividend Yield (%)||4.3||0.6||0||0.51||1.76||1.7|
|Dividend Payout (%)||60||29.03||0||50||29.63||29.63|
A complete list of metrics and analysis is available on the company page.
Issuer Direct Corp. provides unified regulatory solutions for compliance professionals. Its integrated platform provides tools, technologies and services that enable its clients to disclose and disseminate information through its network. The company was founded by Brian R. Balbirnie in October 1988 and is headquartered in Morrisville, NC.
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