RE:PULCAN invest $25k in FFN dividend
pulcan wrote: Hi all, I picked up $25k worth of shares last week on the dip. These are all the top banks in North America with a .1257 cents dividend monthly with a DRIP. I had to take advantage of the share price as they hammered it big time last two weeks. This is a good bet on a comeback price above $5.
******** There is no dividend until we hit the $15 NAV ********
, but with the price being around $4 and the markets coming back this is a good shot at $5 or $6. Remember no more service fees being paid out so this is better for shareholders.
In the post above, the isolated part confuses me a lot.
My son owns exactly this "North American Financial 15 Split Corp - Class A" stock and has been collecting monthly DIVs on this every month for the last year+.
I've read many posts indicating that there is no DIV until we hit the $15 NAV, yet I look at my sons monthly DIVs come in steadily. This confuses me.
I've read though all kinds of blog posts and sales junk that make Split stocks nothing but confusing - clearly obfuscated so only bean counters could desipher it.
Can someone please tell me in clear simple text why people are posting that this stock is not issuing a DIV when I see first-hand DIV payment coming in every month in my son's account.
I want to $50K+ of this year alone, but this point is confusing me, so I'm hesitant.