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Dividend 15 Split Corp T.DFN

Alternate Symbol(s):  DFNPF | DVSPF | T.DFN.PR.A

Dividend 15 Split Corp. is a Canada-based mutual fund, which invests primarily in a portfolio of dividend yielding common shares, which includes approximately 15 Canadian companies. The Company offers two types of shares, including Preferred shares and Class A shares. Its investment objectives with respect to Preferred Shares are to provide holders with fixed cumulative preferential monthly cash dividends in an amount of $0.04583 per Preferred share to yield 5.5% per annum on the $10 repayment amount and to return the $10 repayment amount to their holders on the termination date. Its investment objectives with respect to Class A Shares are to provide holders with regular monthly cash distribution targeted to be $0.10 per Class A share and return the original issue price to their holders on the termination date. The net asset value per unit must remain above the required $15 per unit threshold for distributions to be declared. Its investment manager is Quadravest Capital Management Inc.


TSX:DFN - Post by User

Dividend 15 Split Corp > Dividend Returns
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Comment by LosingHopeon May 02, 2021 8:25am
210 Views
Post# 33110206

RE:RE:Dividend Returns

RE:RE:Dividend ReturnsMM70,
I'm not at all advising you to buy this stock (do your own DD) and maybe you will be right someday, but the 10 year history doesn't support your "worth zero" theory.  This stock always rebounds from any bumps in the road I.E. 2016, 2018 and the Covid Crash 2020.  Maybe another one coming in 2022 ??? :-)  I don't even see this as a "high risk play" based on stock price history and consistant $0.10 dividend payout since 2010.  This is a great TFSA/RRSP stock that will provide a constant monthly payout even during any stock dips.  It's not a "make me rich stock", but a smart way to set up an additional monthly retirement payment or just a monthly bonus income via dividend payouts.  Even if you missed the dip and higher % dividends in 2020, it's still a great buy today @ 15% dividend payout end of day Friday.  I'm definitely NO expert at investments, but even Barchart.com agrees it's still a good buy.  
Just my two cents,
Cheers

https://www.barchart.com/stocks/quotes/DFN.TO/opinion

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