Dividend Growth Split Corp
Dividend Growth Split Corp. is a closed-ended equity mutual fund launched and managed by Brompton Funds Limited. The fund invests in the public equity markets of Canada. It invests in stocks of companies operating across diversified sectors. The fund primarily invests in stocks of large-cap companies. It benchmarks the performance of its portfolio against the S&P/TSX Composite Index. Dividend Gro… Read more
Dividend Growth Split Corp (DGS) - Net Assets
Latest net assets as of June 2025: CA$355.88 Million CAD
Based on the latest financial reports, Dividend Growth Split Corp (DGS) has net assets worth CA$355.88 Million CAD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$853.39 Million) and total liabilities (CA$497.51 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$355.88 Million |
| % of Total Assets | 41.7% |
| Annual Growth Rate | 17.49% |
| 5-Year Change | 144.38% |
| 10-Year Change | 143.2% |
| Growth Volatility | 55.96 |
Dividend Growth Split Corp - Net Assets Trend (2007–2024)
This chart illustrates how Dividend Growth Split Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Dividend Growth Split Corp (2007–2024)
The table below shows the annual net assets of Dividend Growth Split Corp from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$296.85 Million | +31.52% |
| 2023-12-31 | CA$225.71 Million | -1.05% |
| 2022-12-31 | CA$228.10 Million | -20.24% |
| 2021-12-31 | CA$285.96 Million | +135.41% |
| 2020-12-31 | CA$121.47 Million | -28.68% |
| 2019-12-31 | CA$170.33 Million | +29.95% |
| 2018-12-31 | CA$131.08 Million | -50.06% |
| 2017-12-31 | CA$262.47 Million | +55.66% |
| 2016-12-31 | CA$168.62 Million | +38.14% |
| 2015-12-31 | CA$122.06 Million | -24.65% |
| 2014-12-31 | CA$162.00 Million | +90.48% |
| 2013-12-31 | CA$85.05 Million | +98.42% |
| 2012-12-31 | CA$42.86 Million | +4.75% |
| 2011-12-31 | CA$40.92 Million | +15.32% |
| 2010-12-31 | CA$35.48 Million | +122.04% |
| 2009-12-31 | CA$15.98 Million | +63.91% |
| 2008-12-31 | CA$9.75 Million | -49.15% |
| 2007-12-31 | CA$19.17 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Dividend Growth Split Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 176321800.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$296.85 Million | 100.00% |
| Total Equity | CA$296.85 Million | 100.00% |
Dividend Growth Split Corp Competitors by Market Cap
The table below lists competitors of Dividend Growth Split Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AS Harju Elekter
STU:HD8
|
$52.33K |
|
Marshalls PLC
LSE:MSLH
|
$52.42K |
|
CH SHENHUA ENGY -H- (IKF.SG)
STU:IKF
|
$52.43K |
|
Bearclaw Capital Corp
V:BRL-H
|
$52.55K |
|
QUALIGEN THER.NEW DL-001
F:7R9
|
$52.33K |
|
INTESA SANPAOLO - Dusseldorf Stock Exchang
DU:IES
|
$52.32K |
|
IP Group
LSE:IPO
|
$52.29K |
|
MINT Société anonyme
PA:ALMIN
|
$52.25K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dividend Growth Split Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 225,707,094 to 296,851,721, a change of 71,144,627 (31.5%).
- Net income of 111,607,234 contributed positively to equity growth.
- Dividend payments of 52,020,136 reduced retained earnings.
- Share repurchases of 57,579,527 reduced equity.
- New share issuances of 82,081,509 increased equity.
- Other factors decreased equity by 12,944,453.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$111.61 Million | +37.6% |
| Dividends Paid | CA$52.02 Million | -17.52% |
| Share Repurchases | CA$57.58 Million | -19.4% |
| Share Issuances | CA$82.08 Million | +27.65% |
| Other Changes | CA$-12.94 Million | -4.36% |
| Total Change | CA$- | 31.52% |
Book Value vs Market Value Analysis
This analysis compares Dividend Growth Split Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.15x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.99x to 1.15x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CA$8.00 | CA$7.88 | x |
| 2008-12-31 | CA$4.07 | CA$7.88 | x |
| 2009-12-31 | CA$7.51 | CA$7.88 | x |
| 2010-12-31 | CA$12.43 | CA$7.88 | x |
| 2011-12-31 | CA$6.43 | CA$7.88 | x |
| 2012-12-31 | CA$6.73 | CA$7.88 | x |
| 2013-12-31 | CA$8.69 | CA$7.88 | x |
| 2014-12-31 | CA$8.65 | CA$7.88 | x |
| 2015-12-31 | CA$5.83 | CA$7.88 | x |
| 2016-12-31 | CA$7.58 | CA$7.88 | x |
| 2017-12-31 | CA$8.91 | CA$7.88 | x |
| 2018-12-31 | CA$3.56 | CA$7.88 | x |
| 2019-12-31 | CA$4.71 | CA$7.88 | x |
| 2020-12-31 | CA$3.78 | CA$7.88 | x |
| 2021-12-31 | CA$8.30 | CA$7.88 | x |
| 2022-12-31 | CA$4.81 | CA$7.88 | x |
| 2023-12-31 | CA$4.77 | CA$7.88 | x |
| 2024-12-31 | CA$6.84 | CA$7.88 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dividend Growth Split Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 37.60%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 124.82%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 2.53x
- Recent ROE (37.60%) is above the historical average (6.84%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | -8.46% | -922.00% | 0.01x | 1.83x | CA$-3.54 Million |
| 2008 | -111.43% | -945.55% | 0.03x | 3.62x | CA$-11.84 Million |
| 2009 | 59.55% | 535.42% | 0.05x | 2.28x | CA$7.92 Million |
| 2010 | 5.92% | 93.43% | 0.03x | 2.25x | CA$-1.45 Million |
| 2011 | -14.93% | -143.86% | 0.04x | 2.59x | CA$-10.20 Million |
| 2012 | 30.18% | 96.86% | 0.12x | 2.52x | CA$8.65 Million |
| 2013 | 29.48% | 93.94% | 0.14x | 2.17x | CA$16.57 Million |
| 2014 | 11.42% | 80.67% | 0.06x | 2.18x | CA$2.30 Million |
| 2015 | -19.83% | 0.00% | -0.07x | 2.74x | CA$-36.41 Million |
| 2016 | 39.59% | 97.10% | 0.17x | 2.43x | CA$49.89 Million |
| 2017 | 17.50% | 89.10% | 0.08x | 2.44x | CA$19.67 Million |
| 2018 | -60.32% | 0.00% | -0.15x | 3.88x | CA$-92.18 Million |
| 2019 | 63.99% | 98.79% | 0.22x | 2.95x | CA$91.96 Million |
| 2020 | -13.12% | 0.00% | -0.04x | 3.52x | CA$-28.09 Million |
| 2021 | 45.37% | 96.07% | 0.18x | 2.57x | CA$101.13 Million |
| 2022 | -4.47% | 0.00% | -0.01x | 3.14x | CA$-33.00 Million |
| 2023 | 15.05% | 84.99% | 0.06x | 2.96x | CA$11.39 Million |
| 2024 | 37.60% | 124.82% | 0.12x | 2.53x | CA$81.92 Million |
Industry Comparison
This section compares Dividend Growth Split Corp's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $409,723,479
- Average return on equity (ROE) among peers: -8.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dividend Growth Split Corp (DGS) | CA$355.88 Million | -8.46% | 1.40x | $52.33K |
| Alaris Equity Partners Income Trust (AD-UN) | $604.54 Million | 1.97% | 0.32x | $616.42 Million |
| AI Artificial Intelligence Ventures Inc. (AIVC) | $4.27 Million | -129.03% | 0.20x | $5.48 Million |
| Brookfield Global Infrastructure Securities Income Fund (BGI-UN) | $354.64 Million | 11.23% | 0.49x | $48.58K |
| Bankers Petroleum Ltd (BNK) | $28.51 Million | 46.55% | 0.58x | $113.70K |
| Sprott Physical Gold and Silver Trust (CEF) | $1.20 Billion | -29.28% | 0.00x | $452.56K |
| Canso Select Opportunities Corporation (CSOC-B) | $12.03 Million | -8.99% | 0.00x | $8.94 Million |
| CoTec Holdings Corp. (CTH) | $-59.00K | 0.00% | 0.00x | $51.82 Million |
| Clairvest Group Inc. (CVG) | $1.25 Billion | 9.75% | 0.14x | $159.95 Million |
| E Split Corp Class A (ENS) | $227.99 Million | 17.94% | 0.77x | $118.61K |