Dividend 15 Split Corp T.DFN

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

Financial Services Asset Management

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. It 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 cash dividends in an amount of $0.04583 per Preferred share to yield 5.5% per annum on the $10 repayment amount and to return the $10 repayment amount to their holders on the termination date. Its investment objectives with respect to Class A Shares are to provide holders with regular monthly cash distribution targeted to be $0.10 per Class A share and return the original issue price to their holders on the termination date. The net asset value per unit must remain above the required $15 per unit threshold for distributions to be declared. Its investment manager is Quadravest Capital Management Inc.

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Dividend 15 Split Corp > Are we on the cusp...

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Comment by Gongshow44on Mar 09, 2022 4:07pm

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Post# 34500785

RE:RE:RE:RE:RE:Are we on the cusp...

Consider the one that is the best value. If the NAV is greater than the price of the stock then you are buying value (DFN price and NAV are almost the same), if the NAV is lower than the price (BK) then you are overpaying. Of course you need to consider how close the NAV Is to not paying a dividend. DFN is till pretty safe at about $18.00 and BK is much more safe at $23+. Is BK going to go up much more at this point? If you think not they are both paying about 15% now and I would think the the better value stock has a better chance of increasing in value.

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