One important thing to keep in mind about Decisive is that its dividend is only a penny higher than it was pre-pandemic. Its dividend growth looks exceptional coming out of the pandemic. However, most of it is simply recovering what it cut in 2020.
However, make no mistake about it, the company is performing exceptionally well. It is a Venture company, so is relatively undercovered. Acquisitions have really helped them fuel growth, as this is their bread and butter strategy.
I don't expect the high level of dividend growth to continue, as mentioned it was mostly due to a pandemic related cut that caused it to grow so fast. However, it should be able to continue growing.
I answered a question on the company five months ago, and I'll drop what I thought of it then below. Interestingly enough, my thoughts are much the same. Since the answer to the question below, the stock is down about 7%~
"The balance sheet is not what I would call great, but it's also not cause for alarm either. Coverage ratios are average, debt to equity is solid,
The company is growing at a pretty solid pace and is expected to continue doing so. The dividend is more than covered by trailing earnings.
The downsides? The company is trading at record valuations, and does require an acquisition based strategy to fuel growth. This requires a management team with a ton of experience and a ton of history of execution. As a small camp company worth around $140M right now, even its most recent acquisition of Innovative Heating for $15.5M can have a material impact on the business if things go sour.
In addition to this, it also trades on the Venture, which ultimately means lower volumes and lower overall exposure.
Overall I think you've found an interesting option here. It has managed to raise the dividend multiple times coming out of a pandemic induced cut."