First National Financial (TSX:FN) Dividend Payout Ratio: 0.00 (As of Sep. 2025)

What is First National Financial Dividend Payout Ratio?

First National Financial TSX:FN 19 Dividend Payout Ratio is 0.00 as of Sep. 2025. GuruFocus rates TSX:FN with a GF Score™ of 19/100 and a GF Value™ of C$59.71. The stock has 5 warning signs investors should review.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. First National Financial's Dividend Payout Ratio for the months ended in Sep. 2025 was 0.00.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of First National Financial Corp is 0.76, which seems too high.

The historical rank and industry rank for First National Financial's Dividend Payout Ratio or its related term are showing as below:

TSX:FN' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.5 Med: 0.67 Max: 0.88
Current: 0.76

During the past 13 years, the highest Dividend Payout Ratio of First National Financial was 0.88. The lowest was 0.50. And the median was 0.67.

TSX:FN's Dividend Payout Ratio is not ranked
in the Banks industry.
Industry Median: 0.32 vs TSX:FN: 0.76

As of today (2026-06-26), the Dividend Yield % of First National Financial is 5.20%.

During the past 13 years, the highest Trailing Annual Dividend Yield of First National Financial was 8.53%. The lowest was 3.84%. And the median was 6.18%.

First National Financial's Dividends per Share for the months ended in Sep. 2025 was C$0.00.

During the past 12 months, First National Financial's average Dividends Per Share Growth Rate was -23.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 2.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 5.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 5.60% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of First National Financial was 9.30% per year. The lowest was -3.20% per year. And the median was 5.90% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

First National Financial (TSX:FN) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

First National Financial Dividend Payout Ratio Related Terms

First National Financial Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for First National Financial's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First National Financial Dividend Payout Ratio Chart

First National Financial Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dividend Payout Ratio

Get a 7-Day Free Trial

0.63

0.71

0.73

0.58

0.74

First National Financial Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25
Dividend Payout Ratio	Get a 7-Day Free Trial															1.04	0.60	1.60	0.60	0.00

TSX:FN vs RKT, FNMA, FMCC: Dividend Payout Ratio Comparison

For the Mortgage Finance subindustry, First National Financial's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

First National Financial Dividend Payout Ratio vs Banks Industry

For the Banks industry and Financial Services sector, First National Financial's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where First National Financial's Dividend Payout Ratio falls into.

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19GF Score

First National Financial Corp TSX:FN

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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First National Financial Dividend Payout Ratio Calculation

First National Financial's Dividend Payout Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2024 )	/	EPS without NRI (A: Dec. 2024 )
	=	2.458	/	3.33
	=	0.74

First National Financial's Dividend Payout Ratio for the quarter that ended in Sep. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Sep. 2025 )	/	EPS without NRI (Q: Sep. 2025 )
	=	0	/	0
	=	N/A

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.00 mean?

First National Financial (TSX:FN) has a Dividend Payout Ratio of 0.00 as of Sep. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on First National Financial and its competitors. Over the past decade, First National Financial's Dividend Payout Ratio has ranged from 0.50 to 0.88.

Is First National Financial's Dividend Payout Ratio too high?

First National Financial's current Dividend Payout Ratio is 0.00. Over the past 10 years, this metric has ranged from a low of 0.50 to a high of 0.88. Overall, First National Financial has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.

How does First National Financial's Dividend Payout Ratio compare to RKT and FNMA?

First National Financial's Dividend Payout Ratio of 0.00 can be compared against companies in the Banks industry. The industry median Dividend Payout Ratio is 0.32. Historically, First National Financial's own Dividend Payout Ratio has ranged from 0.50 to 0.88 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for a Banks company?

The median Dividend Payout Ratio among Banks companies is 0.32, based on 1,168 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on First National Financial and its competitors. For the Banks industry, the median Dividend Payout Ratio is 0.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First National Financial's current Dividend Payout Ratio is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is First National Financial stock overvalued right now?

First National Financial (TSX:FN) has a current Dividend Payout Ratio of 0.00. The stock's GF Value™ is C$59.71, compared to a current price of C$47.98 — trading 19.6% below its estimated fair value. The current Dividend Payout Ratio is 0.00. First National Financial's overall GF Score™ is 19/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For First National Financial (TSX:FN), the current Dividend Payout Ratio is 0.00 as of Sep. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is First National Financial (TSX:FN) Overvalued in 2026?

Based on GuruFocus' analysis, First National Financial stock appears to be undervalued. The current stock price of C$47.98 is trading 19.6% below its estimated GF Value™ of C$59.71.

Key valuation signals for TSX:FN:

Dividend Payout Ratio: 0.00
GF Value™: C$59.71 vs. price of C$47.98 (19.6% below fair value)
GF Score™: 19/100 with 5 warning signs

No single metric tells the full story. See the TSX:FN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

First National Financial Business Description

Industry Financial Services Banks

Comparable Companies TSX:MKP TSX:ECN TSX:DLCG TSX:TF TSX:AI TSX:FC TSXV:BCF TSXV:FDI RKT FNMA NSE:BAJAJHFL FMCC PFSI NSE:LICHSGFIN WD NSE:PNBHOUSING LSE:OSB NSE:AADHARHFC LSE:PAG BOM:543335

Address 16 York Street, Suite 1900, Toronto, ON, CAN, M5J 0E6

Website https://www.firstnational.ca

First National Financial Corp is a Canadian originator, underwriter and servicer of predominantly prime residential and commercial mortgages. The Company operates in two business segments, Residential and Commercial. These segments are organized by mortgage type and contain revenue and expenses related to origination, underwriting, securitization and servicing activities. It derives maximum revenue from Residential segment.

19GF Score

Get the complete analysis for TSX:FN

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$47.98

Price

C$59.71

GF Value

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