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.
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.
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 Yield % Explanation
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, 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.
* 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.
TSX:FN vs RKT, FNMA, FMCC: Dividend Yield % Comparison
For the Mortgage Finance subindustry, First National Financial's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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 Yield % vs Banks Industry
For the Banks industry and Financial Services sector, First National Financial's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where First National Financial's Dividend Yield % falls into.
First National Financial Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
First National Financial Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
CAD 0.208334
2025-09-29
2025-09-29
2025-10-15
Cash Dividend
monthly
CAD:CAD 1.000000
CAD 0.208334
2025-08-29
2025-08-29
2025-09-15
Cash Dividend
monthly
CAD:CAD 1.000000
CAD 0.208334
2025-07-31
2025-07-31
2025-08-15
Cash Dividend
monthly
CAD:CAD 1.000000
CAD 0.208334
2025-06-30
2025-06-30
2025-07-15
Cash Dividend
monthly
CAD:CAD 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
* 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 (TSX:FN) has a Dividend Yield % of 5.20% as of Jun. 24, 2026. Dividend yield is the ratio of company dividends to the share price. View historical data on First National Financial and its competitors. This is 16% below median its historical median of 6.18. Over the past decade, First National Financial's Dividend Yield % has ranged from 3.84 to 8.53.
Is First National Financial's Dividend Yield % too high?
First National Financial's current Dividend Yield % of 5.20% is 16% below median its 10-year median of 6.18. Over the past 10 years, this metric has ranged from a low of 3.84 to a high of 8.53. The Banks industry median Dividend Yield % is 3.04. First National Financial's value of 5.20% is 71.1% above this industry median. 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 Yield % compare to RKT and FNMA?
First National Financial's Dividend Yield % of 5.20% can be compared against companies in the Banks industry. The industry median Dividend Yield % is 3.04. First National Financial's value of 5.20% is 71.1% above this benchmark. Historically, First National Financial's own Dividend Yield % has ranged from 3.84 to 8.53 over the past decade. While the company's 10-year median is 6.18 vs. the industry median of 3.04, First National Financial 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 Yield % for a Banks company?
The median Dividend Yield % among Banks companies is 3.04, based on 1,252 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Yield % significantly above this median, while those in the bottom quartile fall well below. However, Dividend Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First National Financial's current Dividend Yield % of 5.20% is 71.1% 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 Yield % mean?
A high Dividend Yield % can signal that a stock is expensive relative to its fundamentals. Dividend yield is the ratio of company dividends to the share price. View historical data on First National Financial and its competitors. For the Banks industry, the median Dividend Yield % is 3.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First National Financial's current Dividend Yield % is 5.20%, which is 16% below median its own 10-year median of 6.18. 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 Yield % of 5.20%. 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 Yield % is 5.20%, which is 16% below median its 10-year median of 6.18 and 71.1% above the Banks industry median of 3.04. 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 Yield % calculated?
Dividend Yield % is calculated from a company's financial statements. For First National Financial (TSX:FN), the current Dividend Yield % is 5.20% as of Jun. 24, 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 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 Yield %: 5.20% (16% below median its 10-year median of 6.18)
GF Value™: C$59.71 vs. price of C$47.98 (19.6% below fair value)
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 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
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