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

Alternate Symbol(s):  T.DFN.P.A | 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

TSX:DFN - Post Discussion

Dividend 15 Split Corp > Preferred Shares Dividend upon Renewal
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Post by alkhor on Mar 28, 2024 4:53pm

Preferred Shares Dividend upon Renewal

Anybody have a clue as to what the DFN.PR.A dividend payments will be upon renewal. They currently pay out at 5.6% as compared to FFN.PR,A and FTN.PR.A which pay 9.41% and FTN.PR.A at 9.07%. I would switch the DFN over except for the possibility of DFN having a higher dividend in December.

I currently purchase preferred shares for my retirement income and normally with a Buy and Forget philosophy, but would like to maximise income.
Comment by Mmb060 on Mar 31, 2024 11:23pm
Some of these split preferred are showing great value.   Announcement date is still a ways away.  Be careful buying them before anniversary because if rate set to low they could fall ( check out SBC pref, it dropped sppx 40c
Comment by mouserman on Apr 02, 2024 7:44pm
It will depend on where the prime rate is when the adjustment to DFN preferreds happens. Normally they would try and make it more attractive by getting the Yield closer to average  of similar products of the preferreds out there.
Dividend 15 Split Corp