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Dominion Lending Centres (DLCG) has announced a 33% increase in its quarterly cash dividend to $0.04 per class "A" common share, up from the previous dividend rate. This increase brings the annualized dividend to $0.16 per share, compared to $0.12 per share in 2024. The dividend will be payable on June 13, 2025, to shareholders of record as of May 30, 2025, and will be designated as an "eligible dividend" for Canadian tax purposes.
CEO Gary Mauris attributed the dividend increase to the company's strong financial position, including a solid balance sheet, robust free cash flow generation, and positive long-term growth prospects.
Dominion Lending Centres Inc. (TSX: DLCG), Canada's leading franchisor of mortgage professionals, held its annual general meeting where shareholders voted on key corporate matters. All seven director nominees were successfully elected with strong approval ratings, with Dennis Sykora receiving the highest approval at 99.99% and Trevor Bruno receiving the lowest at 92.69%. The shareholders also approved the re-appointment of Ernst & Young LLP as auditors with 99.99% support and passed a resolution for unallocated options under the stock option plan with 94.84% approval.
Dominion Lending Centres (TSX: DLCG) reported strong Q1 2025 financial results, with funded mortgage volumes growing 46% to $16.4 billion compared to Q1 2024. The company achieved revenue of $18.7 million, up 37% year-over-year, while Adjusted EBITDA increased 61% to $8.0 million. Key highlights include adjusted net income reaching $0.06 per share ($4.9 million), improved Velocity platform adoption across their broker network from 68% to 79%, and a quarterly dividend of $0.03 per share.
The company's broker network expanded to 8,544 agents (up 5%), despite a slight decrease in franchises to 504. DLCG maintained strong financial health with adjusted total debt-to-EBITDA of 0.58x and generated significant free cash flow of $6.8 million, up from $0.7 million in Q1 2024.
Dominion Lending Centres (TSX: DLCG), Canada's leading franchisor of mortgage professionals, has scheduled key investor events for May 2025. The company will release its Q1 2025 financial results on May 7, 2025, after market close, followed by a conference call at 4:00 PM MT (6:00 PM ET).
The company's Annual General Meeting will be held on May 8, 2025, at 10:00 AM MT in a hybrid format, allowing shareholders to attend either in person at Calgary or virtually. The meeting will not include an investor presentation, with shareholders directed to refer to the Q1 2025 earnings release and conference call for updated company outlook.
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