Dividend skip?Let me put my neck out right away.. I honestly don't think that NaV was below 15 on 30th. I see it way higher. So I would be ultra shocked if dividend is skipped.
Nevertheless, I don't see much value in buying DFN here.. as premium is still high, and the risk is dividend slip is real.. if not now, then some time later.
I am surprised at how preferred has been smoked down along with spilt share. Preferred will continue to pay, and with treasury yields lower and rest of the market stronger, preferred yielding 6% with superior claim to split (thats at potential risk of skipping dividends later), preferred sounds like a much better deal for money managers compared to falling yields of fixed income.