Aimia Inc. (TSX: AIM) is a Montreal, Canada-based data-driven marketing and loyalty analytics company. Through its subsidiaries, the company operates in the regional business segments of Canada, the U.S. and Asia Pacific, and Europe and the Middle East and Africa. In Canada, the company owns and operates a coalition loyalty program called the Areoplan program.
Aimia currently offers a very attractive dividend yield of 9.50%. The company follows a progressive dividend policy. Since 2012, the company has consistently increased its dividend payments.
The performance of AIM shares though has been disappointing this year. Year-to-date, the stock is down almost 14%. In the last one year, the stock has dropped more than 42%.
Earlier this month, AIM reported its financial results for the first quarter of 2016. For the quarter, the company reported that its gross billings for the quarter totaled $573 million, compared to $595.2 million reported for the same period in the previous year. The company’s adjusted EBITDA for the quarter was $48.7 million, compared to $52.1 million reported for the same period in the previous year. In the first two months of the quarter, the company repurchased $21.8 million in common shares.
