About Taiga Building Products Ltd. (TGAFF) — Dividend Analysis 2026
Taiga Building Products Ltd. operates as a wholesale distributor of building products in Canada and the United States. It offers composite decking products, railings, and accessories; engineered wood products; laminate and vinyl floorings; insulation products; dimension lumber products; moldings; panels, such as plywood, oriented strand boards, and particleboards; polyethylene sheeting products; and preserved wood products, including fencing, landscape timbers, plywoods, preserved wood foundation, and pre-stained products. The company also provides roofing materials; batt and foam insulation products; siding and trim products; and wall coverings and accessories. In addition, it produces pressure-treated wood products. The company distributes its building products through 15 distribution centers in Canada, 2 distribution centers in the United States to building products retailers, building supply yards, and industrial manufacturers. It also exports its products to Asia, Central America, South America, and the Middle East. The company was founded in 1973 and is headquartered in Burnaby, Canada. Taiga Building Products Ltd. operates as a subsidiary of Avarga Limited.
Is TGAFF a good dividend investment in 2026?
TGAFF offers a 86.38% forward yield with a 50% payout ratio. Strand Safety Score: 38/100 (High Risk). The 5-year dividend CAGR of 0% is modest — investors should weigh current income against growth alternatives.
TGAFF DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your TGAFF portfolio grows to $2.71M vs $102.4K without reinvestment. This is the compound interest effect in action.
TGAFF dividend growth history & forecast
TGAFF has grown its dividend by 0% over the last year and 0% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 86.38%.
FCF ($55M) is below dividends paid ($263M) — risk of cut (FCF: $55M · Dividends est.: $263M)
Debt Leverage0.0× Debt/EBITDA
30 / 30 pts
30/30
Debt/EBITDA 0.0× — low leverage, balance sheet is strong
Earnings Momentum+0.0B → +0.0B → +0.1B
8 / 30 pts
8/30
Net income is positive but trending down — watch for further deterioration
OVERALL ASSESSMENT
Dividend sustainability questionable — consider alternative income stocks.
STRAND SCORE
38
/100
Strand Safety Score™ is proprietary to DividendFlow. Inputs: FCF, Debt/EBITDA, Net Income from SEC filings via FMP. Not financial advice. N/A for ETFs, pre-revenue companies, and tickers without income statements.
🌍 TGAFF Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold TGAFF.
Gross yield
86.38%
Tax rate
15.00%
After-tax yield
73.42%
Real yield (−CPI)
70.62%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
86.38%
83.58%
$8,638 / yr
🇺🇸 US Taxable (15%) ✓
15%
73.42%
70.62%
$7,342 / yr
🇺🇸 US Taxable (20%)
20%
69.10%
66.30%
$6,910 / yr
🇬🇧 UK ISA
0%
86.38%
83.58%
$8,638 / yr
🇬🇧 UK Taxable
8.75%
78.82%
76.02%
$7,882 / yr
🇨🇦 TFSA
0%
86.38%
83.58%
$8,638 / yr
🇨🇦 CA Taxable
25%
64.78%
61.98%
$6,478 / yr
🇦🇺 Super (pension)
15%
73.42%
70.62%
$7,342 / yr
🇦🇺 AU Taxable
30%
60.47%
57.67%
$6,047 / yr
🇩🇪 DE Taxable
26.375%
63.60%
60.80%
$6,360 / yr
🇫🇷 FR Taxable
30%
60.47%
57.67%
$6,047 / yr
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 TGAFF Income Goal & Break-Even
Dividend Break-Even
2yr
Years for dividends to fully repay your TGAFF investment of $2.82/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$1.33M
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$1.32M
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in TGAFF for:
Shares needed
11,592
Capital required
$32,689
Monthly income
$2,000
Based on current dividend of $2.44/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 TGAFF Dividend Payment Schedule
TGAFF pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$5.18 / payment
$20.70 / year after tax
100 shares
$51.76 / payment
$207.04 / year after tax
1,000 shares
$517.60 / payment
$2070.41 / year after tax
📊 TGAFF vs S&P 500 Average Benchmarks
How TGAFF compares to typical S&P 500 Average averages. (Sector "Basic Materials" not matched — using S&P 500 average)
Benchmark: S&P 500 Average
Dividend Yield▲+83.38% vs sectorBetter
TGAFF
86.38%
avg
3.00%
5Y Dividend CAGR▼-5.50% vs sectorBelow avg
TGAFF
0.00%
avg
5.50%
Payout Ratio▲-8.00% vs sectorBetter
TGAFF
50.00%
avg
58.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for TGAFF sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ TGAFF Insider Activity
No recent SEC filings reported in the last 90 days.
📅
Next Earnings Report: 2026-05-08(in 38 days)
🔬
Financial Health Scores
Altman Z-Score
5.81
✅ Safe Zone — low bankruptcy risk
Safe: >3.0 · Grey: 1.81–3.0 · Distress: <1.81
Piotroski F-Score
7/9
✅ Strong fundamentals
Strong: 7–9 · Moderate: 4–6 · Weak: 0–3
Altman Z-Score predicts bankruptcy risk. Piotroski F-Score measures financial strength across 9 criteria. High scores → lower dividend cut risk. Data via FMP financial statements.
📊 About This Data
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the TGAFF dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →