Bullboard - Stock Discussion Forum Dividend 15 Split Corp T.DFN

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

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... see more

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TSX:DFN - Post Discussion

Dividend 15 Split Corp > Turning point

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Post by flamingogold on Nov 14, 2023 7:28pm

Turning point

Today's lower than anticipated CPI# was pivotal as it likely marks the end to rate increases. Economy is already slowing down, layoffs are ticking up and will peak in the new year. This will be the impetus for the FED/BoC to drop rates for the first time since covid began in March 2020 over 4 years. As a result, stocks should be higher by Spring and the distribution here resumed.

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Comment by Clarke123 on Nov 14, 2023 11:24pm

"by spring"? We are less than 3% away in underlying for distributions to restart. It could happen in few weeks!!

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Comment by flamingogold on Nov 15, 2023 8:08am

You are correct, a few weeks could very well happen.... or days if yesterday's bull hangs around. I suppose I gave a worst case view which is still very bullish.

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Comment by flamingogold on Nov 15, 2023 8:18am

More corporate layoffs just announced. As mentioned, this is becoming a daily headlne. I expect (US) unemployment to crack the 4's at the next announcement, which has not been seen since January 2022. Breaking the tight labour market is a milestone the FED wants to see before cutting. https://www.cnbc.com/2023/11/15/citigroup-layoffs-begin-in-jane-fraser-overhaul.html https://data.bls.gov ...more

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Dividend 15 Split Corp