Made some $ but got out this morningEach time they make an offering the divy return gets swallowed by share price going down. Too many of those makes it a bad investment.
As much as it is nice to get a safe divy income each month, we need to look at full picture (net profit on investment). Split shares are pretty risky and return should be better than Financial ETF.
If someone bought on last Offering of $9.05 on April2 at low price of $8.75 ............When I do maths tomorrow's, price could fall to $8.45 ($8.75- 3.5% like in April). So add up the $0.60 div received form May to Oct........this gives $9.05 which is 3.4% return on the $8.75 invested in April.
This would be 6.8% /year.
When you look at FIE.TO since April 2 ......for example you could have bought at $6.72 Price today is $7.11 + Divy (6x $0.04) for $7.35 or 9.3% on 6 month........That is why we can't chill that much.
I see this as risk /reward being too low on any split shares.