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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

Comment by Safetraderon May 03, 2021 8:05pm
145 Views
Post# 33120587

RE:RE:RE:RE:RE:RE:RE:RE:RE:Dividend Returns

RE:RE:RE:RE:RE:RE:RE:RE:RE:Dividend ReturnsSeriously, Moneyman70 was partially right. You just need to do the maths.
DFN net rerurn / year for the last 10 years was roughly 4.5%.
Cost 2011 13$ , Yield Accumulation 12$ Today share price 8$.
Be smart buy Split on offering , selling your split holdings at good Total Net Return.
Or buy and hold FIE ETF 8% /year net return over last 10 years. 
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