Decisive Dividend Corporation

Description

Decisive Dividend Corporation is a conglomerate company operating in the industrial sector. The company is focused on increasing its dividend growth through the acquisition of well-established and profit-earning manufacturing businesses.

Decisive Dividend Corporation became a public company in September 2013 after completing its initial public offering. The dividend-focused company is on the TSXV under the ticker symbol DE. The Kelowna-based company acquires a 100 per cent ownership interest in manufacturing companies generating positive cash flows and that have business growth potential.

Decisive mainly targets companies which generally belong to the North America manufacturing sector and have a proven track record of profitable operations. The company follows a buy, build and hold approach.

Decisive Dividend Corporation provides capital funding to manufacturers with growth prospects for the long term to earn maximum returns in order to provide higher dividends to its shareholders. In February 2015, the company acquired Blaze King Industries, a hearth manufacturing company. The company operates production facilities in Penticton (British Columbia) and Walla Walla (Washington).

In the following year, June 2016, the company acquired Unicast Inc., a western Canada-based producer of industrial wear parts for the natural resource mining industry. Slimline Manufacturing Ltd. was acquired by Decisive in May 2018. Slimline is involved in the designation, production, distribution and sales of Turbo-mist sprayers and Eco-mist evaporators.

In addition, the company acquired another company, Hawk Machine Works Ltd., an Alberta-based precision machine and fabrication company, in July 2018. Hawk Machine provides CNC solutions to various industries across North America.

Further, in August 2019, it acquired Northside Industries, a company that provides precision metal manufacturing and fabrication solutions for Original Equipment Manufacturers. It also offers after-market components and customized products for agricultural, trucking, oil and gas and forestry industries.

The company aims to identify and exploit acquisition opportunities with the high market potential to generate profit and cash flows to maximize its shareholders’ dividend return.