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First National Financial Corp T.FN.PR.B


Primary Symbol: T.FN Alternate Symbol(s):  FNLIF | T.FN.PR.A

First National Financial Corporation is the parent company of First National Financial LP, a Canadian originator, underwriter and servicer of predominantly prime residential (single-family and multi-unit) and commercial mortgages. The Company's segments include Residential and Commercial. The Residential segment includes single-family residential mortgages. The Commercial segment includes multi-unit residential and commercial mortgages. Its commercial mortgage solutions include mortgage solutions and commercial servicing. Its mortgage solutions include retail, multi-family residential, office, industrial, storage, student housing, mixed-use and land. Its commercial servicing includes mortgage servicing, financial requirements, undertaking, insurance requirements, property tax, pre-payments and banking changes, and annual compliance forms. Residential Mortgage solutions include home buyers, customers and My Mortgage by First National. The Company offers mortgage brokers solutions.


TSX:FN - Post by User

Post by laurencelefouon Oct 26, 2021 6:44pm
410 Views
Post# 34052559

Yeah! Another special dividend - 2021 dividend yield of 7.8%

Yeah! Another special dividend - 2021 dividend yield of 7.8%
First national has turned out to be an exceptional investment.
 
At today's closing price of $46, the total annual dividend yield for 2021 is 7.8% ($3.60  / $46).
 
I invested in the company in the Spring and Fall of 2018, at an average price of $26.90.
 
For the past ten years, the share price has grown at an annual rate of ±19% ($8 ; 2012 - $46 ; 2021).  Plus investors receive a monthly dividend and an annual special dividend.  For 2021, First National will pay a dividend of $3.60 per share, which means that I am receiving a 13.4% ($3.6 / $26.90) dividend yield of my initial investment.  By the end of December 2021, I will have collected in dividends 38% of my investment.

An investor who purchased, in 2012, shares at a price of $8, will see that invesment generate, in 2021 a dividend yield of 45% ($3.60 / $8).  I wonder what my dividend yield will be five years from now.
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