Fiera Capital (TSX:FSZ) Dividend Payout Ratio: 1.42 (As of Mar. 2026) — 30% Below Median

What is Fiera Capital Dividend Payout Ratio?

Fiera Capital TSX:FSZ -0.97% 71 Dividend Payout Ratio is 1.42 as of Mar. 2026, which is 30% below its 10-year median of 2.02. GuruFocus rates TSX:FSZ with a GF Score™ of 71/100 and a GF Value™ of C$6.43 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 935 Asset Management companies, Fiera Capital ranks worse than 73.37% on this metric.

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. Fiera Capital's Dividend Payout Ratio for the months ended in Mar. 2026 was 1.42.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Fiera Capital Corp is 1.26, which seems too high.

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

TSX:FSZ' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 1.1 Med: 2.02 Max: 3.24
Current: 1.26

During the past 13 years, the highest Dividend Payout Ratio of Fiera Capital was 3.24. The lowest was 1.10. And the median was 2.02.

TSX:FSZ's Dividend Payout Ratio is ranked worse than
73.37% of 935 companies
in the Asset Management industry
Industry Median: 0.71 vs TSX:FSZ: 1.26

As of today (2026-06-27), the Dividend Yield % of Fiera Capital is 8.39%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Fiera Capital was 18.90%. The lowest was 4.42%. And the median was 8.07%.

Fiera Capital's Dividends per Share for the months ended in Mar. 2026 was C$0.11.

During the past 12 months, Fiera Capital's average Dividends Per Share Growth Rate was -49.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -14.40% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -6.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 2.00% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Fiera Capital was 28.30% per year. The lowest was -22.70% per year. And the median was 4.50% 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.

Fiera Capital (TSX:FSZ) 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.

Fiera Capital Dividend Payout Ratio Related Terms

Fiera Capital Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Fiera Capital'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.

Fiera Capital Dividend Payout Ratio Chart

Fiera Capital Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

Get a 7-Day Free Trial

1.10

2.40

1.65

2.30

1.40

Fiera Capital Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															2.16	1.10	1.61	1.05	1.42

TSX:FSZ vs BLK, BX, KKR: Dividend Payout Ratio Comparison

For the Asset Management subindustry, Fiera Capital'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.

Fiera Capital Dividend Payout Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Fiera Capital's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Fiera Capital's Dividend Payout Ratio falls into.

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71GF Score

Fiera Capital Corp TSX:FSZ

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

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Fiera Capital Dividend Payout Ratio Calculation

Fiera Capital's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	0.54	/	0.386
	=	1.40

Fiera Capital's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	0.108	/	0.076
	=	1.42

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 1.42 mean?

Fiera Capital (TSX:FSZ) has a Dividend Payout Ratio of 1.42 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Fiera Capital and its competitors. This is 30% below median its historical median of 2.02. Over the past decade, Fiera Capital's Dividend Payout Ratio has ranged from 1.10 to 3.24. According to the industry distribution chart, Fiera Capital ranks #686 out of 935 companies in the Asset Management industry, placing it in the top 73.4%.

Is Fiera Capital's Dividend Payout Ratio too high?

Fiera Capital's current Dividend Payout Ratio of 1.42 is 30% below median its 10-year median of 2.02. Over the past 10 years, this metric has ranged from a low of 1.10 to a high of 3.24. The Asset Management industry median Dividend Payout Ratio is 0.71. Fiera Capital's value of 1.42 is 100% above this industry median. Based on the distribution chart, Fiera Capital ranks #686 out of 935 companies in the Asset Management industry, which is below the industry midpoint. Overall, Fiera Capital has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Fiera Capital's Dividend Payout Ratio compare to BLK and BX?

According to the Asset Management industry distribution chart, Fiera Capital ranks #686 out of 935 companies for Dividend Payout Ratio. This places Fiera Capital in the lower half of its industry. The industry median Dividend Payout Ratio is 0.71. Fiera Capital's value of 1.42 is 100% above this benchmark. Historically, Fiera Capital's own Dividend Payout Ratio has ranged from 1.10 to 3.24 over the past decade. While the company's 10-year median is 2.02 vs. the industry median of 0.71, Fiera Capital has consistently been above the industry average. 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 an Asset Management company?

The median Dividend Payout Ratio among Asset Management companies is 0.71, based on 935 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. Fiera Capital's current Dividend Payout Ratio of 1.42 is 100% above the industry median. 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 Fiera Capital and its competitors. For the Asset Management industry, the median Dividend Payout Ratio is 0.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fiera Capital's current Dividend Payout Ratio is 1.42, which is 30% below median its own 10-year median of 2.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Fiera Capital stock overvalued right now?

Based on GuruFocus' analysis, Fiera Capital (TSX:FSZ) is currently considered Modestly Undervalued. The stock's GF Value™ is C$6.43, compared to a current price of C$5.10 — trading 20.7% below its estimated fair value. The current Dividend Payout Ratio is 1.42, which is 30% below median its 10-year median of 2.02 and 100% above the Asset Management industry median of 0.71. Fiera Capital's overall GF Score™ is 71/100 with 8 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 Fiera Capital (TSX:FSZ), the current Dividend Payout Ratio is 1.42 as of Mar. 2026. 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 Fiera Capital (TSX:FSZ) Overvalued in 2026?

Based on GuruFocus' analysis, Fiera Capital stock appears to be undervalued. The current stock price of C$5.10 is trading 20.7% below its estimated GF Value™ of C$6.43. GuruFocus considers Fiera Capital to be Modestly Undervalued.

Key valuation signals for TSX:FSZ:

Dividend Payout Ratio: 1.42 (30% below median its 10-year median of 2.02)
GF Value™: C$6.43 vs. price of C$5.10 (20.7% below fair value)
GF Score™: 71/100 with 8 warning signs
Industry Position: 100% above the Asset Management median (#686 of 935)

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

Fiera Capital Business Description

Industry Financial Services Asset Management

Comparable Companies TSX:FFN TSX:STCK TSX:SBC TSX:DGS TSX:QRC TSX:ENS TSX:URB.A TSXV:WED TSX:BK TSX:FTN BLK BX OSTO:INVE A TSX:BN KKR TSX:BAM APO STT OSTO:EQT AMP

Other Exchanges FRRPF:USA ZFS:Germany

Address 1981 McGill College Avenue, Suite 1500, Montreal, QC, CAN, H3A 0H5

Website https://www.fieracapital.com

Fiera Capital Corp is an asset management firm that delivers customized and multi-asset solutions across public and private market asset classes to institutional, financial intermediary, and private wealth clients. The company's operating segment is asset management services. Its geographical segments are Canada, the United States of America, Europe, Middle East, & Africa, and Asia. The company derives the majority of its revenue from Canada.

71GF Score

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C$5.10

Price

C$6.43

GF Value

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