Prime Dividend Cl A (PDV) AI Stock Analysis

• Market Cap: C$6.30M
• Dividend Yield: 7.52%
• Average Volume (3M): 723.00
• Price to Earnings (P/E): 3.5
• Beta (1Y): 0.90
• Revenue Growth: -54.61%
• EPS Growth: 273.14%
• Country: CA
• Employees: N/A
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 3.03
• Shares Outstanding: 565,719
• 10 Day Avg. Volume: 1,076
• 30 Day Avg. Volume: 723
• PEG Ratio: -0.12
• Price to Book (P/B): 0.93
• Price to Sales (P/S): 2.51
• P/FCF Ratio: 4.44
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 62 Neutral
• Price Target: C$11.50 ▼(-3.04% Downside)
• Action: Reiterated Date: 03/17/26
• Date: Action: Reiterated 03/17/26

The score is driven primarily by solid recent financial performance but tempered by multi-year volatility and weaker cash-flow consistency. Valuation is supportive (moderate P/E and high dividend yield), while technical indicators are bearish and weigh on the near-term outlook.

Positive Factors

Improving Leverage

A materially lower debt-to-equity (~0.81x) and higher equity provide greater financial flexibility and lower interest burden versus prior years. This improvement supports durable capital allocation (dividends, buybacks, reinvestment) and reduces refinancing risk over the next several quarters.

Recent Profitability and Margins

Strong net income and healthy margins in 2024–2025 indicate the company can generate profitable operations from its core asset-management activities. Consistent profitable periods demonstrate business-model viability and underpin sustainable return generation for shareholders across multiple quarters.

Positive Free Cash Flow

FCF matching net income in 2025 shows earnings convert to cash, supporting dividend distribution and reinvestment without relying on new financing. Reliable cash conversion in recent periods strengthens balance-sheet resilience and funding capacity for strategic priorities over the medium term.

Negative Factors

Revenue Volatility

Significant year-to-year swings in revenue reduce predictability of earnings and cash flows and complicate long-term planning. For an asset-management firm, volatile top-line trends can reflect client flows or product concentration, raising risk to fee income and sustainable dividend policies.

Inconsistent Cash Flow Trends

A large decline in operating cash flow over one year signals weak cash conversion sensitivity to revenue cycles. Inconsistent OCF undermines the reliability of internally generated funding for operations and distributions, increasing the chance of external financing needs during downcycles.

Sizable Absolute Debt and Leverage History

Although leverage improved recently, persistent sizable debt and historical leverage swings point to elevated financial risk if profitability weakens. The capital structure's cyclicality means the firm may face constrained options or higher costs in adverse conditions, limiting long-term flexibility.

Prime Dividend Cl A Business Overview & Revenue Model

Company Description

Prime Dividend Corp. is an open ended equity mutual fund launched by Quadravest Inc. The fund is managed by Quadravest Capital Management Inc. It invests in public equity markets of Canada. The fund invests in stocks of companies across diversified sectors. Prime Dividend Corp. was formed on November 16, 2005 and is domiciled in Canada.

How the Company Makes Money

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Prime Dividend Cl A Financial Statement Overview

Summary

Recent profitability is strong (healthy net income margins in 2024–2025) and leverage improved materially in 2025 (debt-to-equity down to ~0.81x). However, results have been volatile across the history provided (including loss years and negative revenue periods), and operating cash flow fell sharply from 2024 to 2025, limiting confidence in stability.

Income Statement

Profitability is strong in the most recent two annual periods, with 2025 net income of ~1.82M on ~2.56M revenue (healthy margin) and 2024 even stronger at ~3.17M net income on ~3.54M revenue. However, the revenue trajectory is volatile: 2025 revenue declined ~13% after a sharp rebound in 2024 (~49% growth), and earlier years include periods with losses and even negative revenue (2020 and 2022), which raises concerns around earnings stability and predictability.

Balance Sheet

Leverage has improved versus the more stressed 2023 position (debt-to-equity ~2.29x), with 2025 debt-to-equity down to ~0.81x and equity rising to ~6.95M. That said, total debt remains sizable (~5.66M) and the capital structure has shown meaningful swings over time, including higher leverage in multiple prior years (generally above ~1.25x). Returns on equity are solid in the profitable years (2025 ~26%, 2024 ~54%) but have also been negative in loss years, reinforcing balance-sheet and performance cyclicality.

Cash Flow

Cash generation is positive, with 2025 operating cash flow and free cash flow both ~1.45M and free cash flow growth positive in 2025. Cash flow matched net income in the provided data (free cash flow to net income equals 1.0 each year), which is supportive of earnings quality. The key weakness is variability: operating cash flow dropped sharply from ~3.52M in 2024 to ~1.45M in 2025, and cash flow relative to reported net income is inconsistent year-to-year in the provided figures (e.g., weaker coverage in 2024–2025), indicating less dependable cash conversion across cycles.

Breakdown	Nov 2025	Nov 2024	Nov 2023	Nov 2022	Nov 2021
Income Statement
Total Revenue	2.56M	3.54M	71.04K	-471.12K	3.53M
Gross Profit	2.56M	3.54M	71.04K	-471.12K	3.53M
EBITDA	0.00	3.17M	0.00	0.00	3.26M
Net Income	1.82M	3.17M	-150.57K	-725.82K	3.26M
Balance Sheet
Total Assets	12.75M	11.94M	12.64M	13.61M	15.49M
Cash, Cash Equivalents and Short-Term Investments	12.73M	939.20K	12.60M	751.30K	300.17K
Total Debt	5.66M	5.90M	8.54M	8.54M	8.54M
Total Liabilities	5.80M	6.08M	8.91M	8.74M	8.70M
Stockholders Equity	6.95M	5.85M	3.73M	4.87M	6.80M
Cash Flow
Free Cash Flow	1.45M	3.52M	1.36M	1.65M	1.89M
Operating Cash Flow	1.45M	3.52M	1.36M	1.65M	1.89M
Investing Cash Flow	0.00	0.00	0.00	0.00	0.00
Financing Cash Flow	-1.39M	-3.66M	-1.02M	-1.20M	-2.54M

Prime Dividend Cl A Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 11.86
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PDV, the sentiment is Negative. The current price of 11.86 is above the 20-day moving average (MA) of 11.51, above the 50-day MA of 11.61, and above the 200-day MA of 9.91, indicating a neutral trend. The MACD of -0.10 indicates Positive momentum. The RSI at 41.96 is Neutral, neither overbought nor oversold. The STOCH value of 42.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:PDV.

Prime Dividend Cl A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
ZC	67 Neutral	C$10.05M	0.09	75.06%	―	486.23%	478.94%
PDV	62 Neutral	C$6.30M	3.53	42.23%	7.52%	-54.61%	273.14%
IDK	53 Neutral	C$10.84M	-0.44	-70.07%	―	53.55%	-289.42%
FNR	51 Neutral	C$7.48M	1.36	1.09%	―	-82.82%	―
LBI	44 Neutral	C$10.80M	1.75	-113.97%	―	-19.49%	-25.00%
BLGV	42 Neutral	C$4.13M	-0.72	-226.11%	―	19.82%	-51.61%

Prime Dividend Cl A Corporate Events

Prime Dividend Corp. Announces Monthly Payouts, Highlights Long-Term Distributions

Prime Dividend Corp. has declared a monthly distribution of $0.09775 per Class A share and $0.05667 per preferred share, payable on March 10, 2026, to shareholders of record on February 27, 2026. The distributions continue the firm’s income-focused strategy, with Class A dividends set at a 10% annualized rate on the prior month’s volume-weighted average price, and preferred shares paying a floating rate of prime plus 2.35% within a 5% to 8% band.

Since inception, Class A shareholders have received $15.06 per share and preferred shareholders $11.73 per share, for a combined $26.78, underscoring the fund’s track record of steady cash payouts. The latest declaration reinforces the stability of its distribution policy and may appeal to income-oriented investors seeking predictable yields from a diversified basket of Canadian financial and utility companies.

The most recent analyst rating on (TSE:PDV) stock is a Hold with a C$13.00 price target. To see the full list of analyst forecasts on Prime Dividend Cl A stock, see the TSE:PDV Stock Forecast page.

Prime Dividend Corp. Announces Monthly Distributions for Class A and Preferred Shares

Prime Dividend Corp. has declared a monthly cash distribution of $0.09925 per Class A share and $0.05667 per Preferred share, payable on February 10, 2026 to shareholders of record on January 30, 2026. Under its distribution policy, the Class A dividend is set at an annualized 10% of the volume-weighted average market price, which was $11.91 over the last five trading days of the prior month, and the Preferred shares continue to offer a variable rate tied to prime with defined minimum and maximum levels. Since inception, the company has delivered total per-share distributions of $14.96 to Class A holders and $11.67 to Preferred holders, underscoring its role as an income-oriented vehicle for investors seeking exposure to a diversified basket of leading Canadian financial and utility names.

The most recent analyst rating on (TSE:PDV) stock is a Hold with a C$13.00 price target. To see the full list of analyst forecasts on Prime Dividend Cl A stock, see the TSE:PDV Stock Forecast page.

Prime Dividend Corp. Announces January 2026 Monthly Distributions for Class A and Preferred Shares

Prime Dividend Corp. has declared a monthly cash distribution of $0.09058 per Class A share and $0.05667 per Preferred share, payable on January 9, 2026 to shareholders of record on December 31, 2025. Under its existing distribution policy, the Class A dividend is set at a 10% annualized rate based on the volume-weighted average price of the shares over the last five trading days of the prior month, resulting in the current payout and reinforcing a stable 10% yield on that basis. Since inception, Class A shareholders have received $14.86 per share and Preferred shareholders $11.62 per share, for a combined $26.47, while Preferred shareholders continue to earn a floating rate of prime plus 2.35% within a 5%–8% range, underscoring the company’s emphasis on consistent income for investors in its split-share structure.