Highlights

• Decisive Dividend declared a C$0.045 monthly dividend on 15 October, payable on 13 November to October holders.

• Twelve unchanged monthly payments gave a C$0.54 annual total and a 7.15% Yield on the 10 November close.

• Dividends absorbed 83% of free Cash Flow less maintenance Capital over the twelve months to 30 June 2026.

• The company bought Belgian hearth group Be Fire in June after raising C$8.0 million through a private placement.

Wood stoves, orchard sprayers, cast-steel wear parts and, since June, Belgian fireplaces all feed the cheque that Decisive Dividend Corporation (TSXV:DE) mails out every month. The latest instalment, C$0.045 a share, was declared on 15 October 2026 for holders of record on 30 October and is due to be paid on 13 November.

The rate has held at that level through all twelve ex-dates in the year to 10 November, adding up to C$0.54. Measured against the C$7.55 close on 10 November, both the trailing and the indicated yield come to 7.15%.

A Holding Company built on acquisitions

Decisive describes itself as an acquisition-oriented company focused on manufacturing. It looks for established, profitable makers with competitive advantages, non-discretionary products and steady cash flows, and reports its businesses in two segments: Finished Product and Component Manufacturing.

The stable spans hearth products from Blaze King, ACR and Be Fire; agricultural equipment from Slimline, maker of Turbo-Mist sprayers, and IHT heating mats; merchandising from Marketing Impact and Venger; wear parts from Unicast, Procore and Techbelt; and industrial products from Hawk, Capital I and Northside, which serve oil and gas and commercial-vehicle customers.

How well the dividend is covered

The company measures its payout against free cash flow less maintenance capital. On a trailing twelve-month basis to 30 June 2026, dividends declared of about C$11.0 million consumed 83% of the C$13.3 million generated, compared with 74% a year earlier.

Second-quarter sales rose 6% to C$38.5 million and adjusted EBITDA edged up 1% to C$5.4 million. Free cash flow less maintenance capital slipped 7% to C$2.6 million, and the quarter closed with a net loss of one cent a share against a profit of ten cents twelve months before.

Belgian fireplaces and a bigger Credit line

The June purchase of Be Fire, which brought Be Fire SA, Jidé SA and New Bodart & Gonay SRL into the group, was partly financed by an C$8.0 million private Placement completed in April. Around the same time the revolving credit Facility was lifted by C$25.0 million to a committed C$125.0 million, with a further C$75.0 million accordion.

Leverage stood at 3.0 times at the end of June, with C$47.5 million of Liquidity available heading into the second half. Third-quarter results were scheduled for November, but their figures had not been verified when this piece was prepared.

Price drift and the yield

Over the week to 10 November the shares traded between C$7.52 and C$7.71 at the close. Because the monthly amount has not changed, any move in yield over that stretch has come entirely from the price. index membership has not been verified.