Our analysis is based on comparing Town & Country Financial Corp. (Illinois) with the following peers – Oconee Federal Financial Corp., OptimumBank Holdings, Inc., American River Bankshares and Uwharrie Capital Corp (OFED-US, OPHC-US, AMRB-US and UWHR-US).
Dividend Quality Overview
- Over the last twelve months (prior to March 31, 2017), TWCF-US paid a medium quality dividend, which represents a yield of 0.61% 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 1 was high quality, 2 were medium quality and 1 was low quality.
- The ending cash balance, with a dividend coverage of 31.94x, 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 March 31, 2017), TWCF-US paid a medium 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 13.02x), investing cash flow (coverage of -120.20x), issuance cash flow (coverage of 114.53x) and twelve-month prior cash (coverage of 142.50x), for a total dividend coverage of 37.26x.
TWCF-US‘s issuance cash flow includes outflows from net share buybacks (coverage of -14.64x). Thus, the total coverage including share buybacks is 47.59x, which reflects our assumption that the cash paid for share buybacks is discretionary and could instead be used to pay dividends.
These coverage ratio factors imply that the firm’s net cash inflow from issuance was required (in addition to operating and investment cash) to pay the dividend, which suggests a medium dividend quality.
|Dividend Yield (%)||1.27||1.09||N/A||0.89||0.75||0.47|
|Dividend Payout (%)||11.54||11.11||N/A||8.76||7.24||6.77|
A complete list of metrics and analysis is available on the company page.
Town & Country Financial Corp. (Illinois) is a bank holding company, which engages in the provision of banking and financial services. It offers loans, investments, deposits, and cash management operations. The company was founded in 1983 and is headquartered in Springfield, IL.
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