This 7.2% Yield Dividend Stock Has Been Quiet – but It Could Be Poised to Move in 2026

In partnership with

Crash Expert: “This Looks Like 1929” → 71,105 Diversifying Here

Mark Spitznagel, who made $1B in a single day during the 2015 flash crash, warned markets are mimicking 1929. Seems extreme but we did just see the worst quarter for the S&P since 2022.

So it’s not so surprising that Vanguard and Goldman Sachs forecasted 5% and 3% annual S&P returns respectively for 2024-2034.

Late last year, Apollo’s chief economist Torsten Slok put it this way: "expect zero in return in the S&P 500 over the coming decade."

So, what’s something investors can actually do to diversify this week?

Almost no one knows this, but postwar and contemporary art appreciated 10.2% annually with near-zero correlation to equities from 1995–2025 overall.*

And sure… billionaires like Bezos can make headlines at auction, but what about the rest of us?

Masterworks makes it possible to invest in legendary artworks by Banksy, Basquiat, Picasso, and more – without spending millions.

29 exits. Net annualized returns like 16.5%, 17.6%, and 17.8% on works held over 1 year+. $1.3 billion invested. 500+ offerings.*

Shares in new offerings can sell quickly but…

👉 My subscribers skip the waitlist.*

^{*According to Masterworks data. Past performance is not indicative of future returns. Investing involves risk. Important Reg A disclosures:}^{masterworks.com/cd}^.

Quick Take: A high-yield Canadian financial stock that has stayed under the radar in recent months, but improving balance-sheet initiatives, asset sales, and upcoming earnings could position it for a stronger 2026. Shares have cooled after a massive rally earlier this year, though the combination of income potential and recovery upside continues attracting investor attention.

Interactive Brokers Canada

Leading online trading solutions for traders, investors and advisors, with direct global access to stocks, options, futures, currencies, and bonds. Transparent, low commissions and financing rates and support for best execution.

www.interactivebrokers.ca

Major Developments (this week & near-term)

One of the biggest recent developments has been RFA’s continued progress on more than $340 million in planned asset sales, which management has positioned as part of its broader effort to improve liquidity and reduce leverage.

The company also recently received approval for a Normal Course Issuer Bid (NCIB), allowing it to repurchase shares. Buyback programs are often viewed positively by investors, especially when management believes shares are trading below intrinsic value.

With earnings approaching, investors will also be looking closely for updates on:

debt reduction progress
dividend sustainability
cash flow stability
operational performance

Key Metrics (as of Monday’s close)

Metric	Value

Stock Price

~$24.10

Weekly Performance

Slightly Negative

Market Cap

~$1.12B

Dividend Yield

~7.2%

52-Week Range

$17.64 – $34.49

YTD Return

+180%+

Forward P/E

N/A

P/E Ratio

N/A

Advertise with Wealth Awesome

Want to get in front of our audience of 20,000+ savvy Canadians ?

👉 Reach out here

Analyst Insights

Metric	Outlook
Consensus Rating	Hold / Limited Coverage
Analyst Sentiment	Cautiously Positive
Upside Potential	Recovery-Focused
Dividend Outlook	Stable for Now

RFA remains relatively underfollowed compared to larger Canadian financial and dividend stocks. However, sentiment around the company has improved as management continues executing on balance sheet initiatives and capital management efforts.

Recent/Notable Items

RFA continues advancing strategic asset sales aimed at improving liquidity and reducing leverage.
The company received approval for its NCIB share repurchase program.
Investors are closely watching the upcoming earnings report for signs of operational improvement and dividend stability.
Stabilizing interest rate expectations in Canada have improved sentiment around financial and real estate-linked businesses.

Growth Indicators

Growth Metric	Outlook
Sales Growth (Next Year)	Moderate Growth Expected
EPS Growth (Next Year)	Improving
5-Year EPS Growth Estimate	Recovery Potential

Management remains focused on strengthening the balance sheet while maintaining shareholder returns. If interest rate conditions continue improving, companies like RFA could benefit from a more supportive environment moving into 2026.

Profitability & Financials

RFA’s recent strategy has centered around improving financial flexibility and reducing leverage. While the company still carries risk compared to larger blue-chip dividend names, investors have responded positively to management’s efforts to stabilize operations and strengthen liquidity.

The dividend remains one of the stock’s biggest attractions, particularly for income-focused investors seeking higher yields within the TSX.

What to Watch Next

Investors will be focused on:

the company’s next earnings report
additional debt reduction progress
asset sale execution
dividend sustainability
broader interest rate trends in Canada

Any positive surprises in these areas could quickly shift sentiment around the stock again.

Steph Curry and John Stamos Walk Into a Bar

When an NBA superstar and a fan-favorite from Full House show up at your venue unprompted, something is working. That happened at Tipsy Putt when both Steph Curry and John Stamos became customers. Invest in Tipsy Putt’s new SF location.

I’m Ready to Invest

^{This is a paid advertisement for Tipsy Putt Regulation CF offering. Please read the offering circular at}^{https://invest.tipsyputt.com/}

One-Look Summary

Bottom Line

RFA Financial still carries volatility, but the combination of a high dividend yield, improving balance sheet initiatives, and potential recovery momentum makes it one of the more interesting under-the-radar TSX income stocks heading into 2026.

For investors comfortable with higher-risk dividend plays, this is a name that could quietly continue gaining attention if execution remains strong over the next few quarters.