On Tuesday, February 10, 2026, the Board of Directors of Intact Financial Corporation (TSE: IFC) announced a quarterly dividend increase from C$1.33 to C$1.47 per share. The dividend will be payable on March 31, 2026, to shareholders of record as of March 17, 2026. This represents a 10.53% increase over the prior quarterly dividend and marks the 21st consecutive annual dividend increase since the company’s IPO in 2004.
Current Dividend Yield and Income Impact
At today’s opening price of C$261.03, this increase raises Intact Financial’s forward dividend yield to approximately 2.25%.
As an owner of 15 shares of Intact Financial Corporation, this dividend increase adds approximately $4.62 to my projected annual net dividend income. The trend of dividend increases over the past several years has continued at roughly the same pace, which aligns with my expectations, so I am very satisfied with this announcement.
Long-Term Dividend Growth Track Record
Intact Financial is a member of the Canadian Dividend All-Star List with a 21-year streak of dividend increases. According to the Canadian Dividend All-Star data, its dividend growth rates are:
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1-year: 9.9%
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3-year: 10.0%
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5-year: 9.9%
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10-year: 9.6%
This marks the first dividend increase I’ve received from Intact Financial since initiating my position in January 2026.
At the time of writing, IFC represents about 0.29% of my portfolio and contributes approximately 0.17% of my projected annual dividend income. Following this increase, my yield on cost stands at 2.25%.
Quick Valuation Take
Intact Financial appears fairly valued at current levels. The company continues to execute well within the property and casualty insurance space, supported by disciplined underwriting and consistent earnings growth.
Dividend Safety and Outlook
The dividend remains well supported by strong operating performance and a prudent payout ratio. Intact Financial has demonstrated a clear commitment to dividend growth, and its consistent ~10% annual increases suggest continued strong growth potential going forward.
Final Thoughts
This was a strong dividend increase and fully in line with my expectations. Intact Financial is off to a great start in my portfolio, offering an attractive combination of dividend growth and reliability. I look forward to many years of continued increases.
Summary of 2026 Dividend Increases / Cuts
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You can follow the development of my dividends here
Full Disclosure: Long TSE:IFC
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