RE:RE:RE:RE:RE:RE:NAV @ 2:45 pmSplitfunding wrote: Yes I understand that. DGS's holdings are a little more diversified and I haven't attempted to figure out what the dividend payments of its holdings amount to but let's look at FFN for instance; the yearly dividends on its US and Can bank holdings is approx. 3% and was closer to 4% for most of the year until the recent surge in stock prices. Meanwhile the payment to the preferred shares was 7.65% per annum (https://money.tmx.com/en/quote/FFN.PR.A) I'm not sure what the management fees are since it doesn't seem to be shown on their web site but surely they're under 1%
All in all which its certainly not enough to payout the preferreds, it's not an insignificant amount either. I assume that the accumulated dvidends get added to the NAV but there doesn't seem to be much transparency about that from any of these funds. Is this something that you yourself account for in your own NAV calculations?
FFN preferreds are now yielding more as they went up for the payment in JANuary.
| Security Type | Equity |
| Shares Issued | 52,028,792 |
| Market Cap | 526,531,000 |
| Year High | 10.12 |
| Year Low | 9.38 |
| Annual Earnings/Share | |
| P/E Ratio | |
| Annual Dividend/Share | 0.95 CAD |
| Annual Dividend Yield | 9.387352 % |
| Ex-Dividend Date | 2023-12-28 |
| Sector | 40203010 - Asset Management & Custody Banks |