DC Payments - 9.5% Yield with a Payout Ratio of 57% of FFO
Sometimes you need to look beneath the surface to see value where it is not readily apparent. We believe DirectCash Payments is one such example.
DirectCash Payments (TSX:DCI, OTC:OTC:DCTFF) is truly a hidden gem, with a dividend yield in excess of 9.5% and a payout ratio of just 57.0% of its post-capex Funds From Operations. We assign a price target of $25.85 implying 78.6% upside.
About the Company
DirectCash Payments is a Calgary, Alberta-based company which operates via two main business units, ATMs, and Banking Services (which includes prepaid cards and other related products):
ATM: DirectCash Payments is a full-service provider of ATM terminals with...
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