Highlights

• Yellow Pages declared a C$0.25 quarterly Dividend with second-quarter results and paid it on 15 September 2026.

• Four C$0.25 payments over twelve months total C$1.00, a 7.20% trailing Yield on the 10 November close.

• Second-quarter Revenue declined 8.0% to C$47.6 million, while Net Income reached C$3.3 million for the period.

• A plan of arrangement returned C$25.0 million to shareholders through a share buyback, separate from regular dividends.

Remember the thick yellow directory that once thudded onto Canadian doorsteps? The Business behind it now runs YP.ca, Canada411, 411.ca and a family of mobile apps alongside its print books, selling digital media and Marketing services that help local buyers and sellers find each other. Through that reinvention, Yellow Pages Limited (TSX:Y) has kept a quarterly dividend flowing.

Its most recent declaration, made with second-quarter results on 6 August 2026, was C$0.25 per share, paid on 15 September to holders of record on 17 August and designated an eligible dividend for Canadian tax purposes.

Reading the yield

Shares closed at C$13.88 on 10 November 2026. Four C$0.25 payments went ex-dividend during the preceding twelve months, in late November 2025 and in February, May and August 2026. That C$1.00 total delivers a trailing yield of 7.20%. Because the quarterly rate has not moved, the indicated yield on the same close is identical.

Every payment in that trailing window was C$0.25, so the dividend held steady through a year in which revenue kept falling. Both yield measures rely solely on declared regular dividends and the 10 November close, and they say nothing about the size of any future declaration.

No third-quarter results or new dividend declaration had appeared by the research cut-off. A year earlier, third-quarter figures arrived on 13 November.

Revenue still shrinking

Second-quarter revenue fell 8.0% to C$47.6 million from C$51.7 million. Adjusted EBITDA less Capital Expenditure came to C$8.6 million, an 18.2% margin, and net income was C$3.3 million, or C$0.24 per diluted share.

Operating activities produced C$9.7 million of cash in the quarter against capital spending of C$430 thousand, and cash on hand was about C$38 million at the end of July 2026. The release does not state a dividend payout ratio.

A buyback by arrangement

During the second quarter the company completed a plan of arrangement that returned C$25.0 million to shareholders through a share repurchase. In connection with that transaction it also contributed an extra C$2.0 million to its defined benefit pension plan in April 2026.

That capital return is not a dividend, so it is left out of both yield calculations. The pension top-up was tied to the arrangement rather than to day-to-day operations. Per-share terms of the repurchase are not covered here.

New tools for small businesses

Product work has continued. In September 2026 the company launched an AI receptionist intended to help Canadian businesses turn more inquiries into opportunities, and in October it brought back a Digital Marketing transformation contest for Small Business Month. Neither announcement altered the dividend.