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Dividend 15 Split Corp T.DFN

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

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.


TSX:DFN - Post by User

Comment by d3lpassincomeon Jul 24, 2023 12:25am
192 Views
Post# 35553733

RE:Tsly

RE:TslyThis is a DFN Forum but i will briefly comment given i already looked into it on one message only alone for respect to DFN shareholders on this forum.  TSLY perceived as "Very high yield" of 75% yield from Tesla stock based on covered calls and leverage.  However, not recommended given the level of volatility average investors won't be able to handle.  2 weeks ago it was $18.50 now it is $16.25.  So yes they did get $1.06 dividend in shares but look at how much you lost assuming you have even 100 shares.  Problem is you lost over $200 in share price depreciation just to get $106, amounting to 1/2 back.  

https://www.google.com/finance/quote/TSLY:NYSEARCA?sa=X&ved=2ahUKEwjJ8YGUvKaAAxVEETQIHba-DykQ3ecFegQIHxAf&window=1M

Also look at the inconsistent dividend history as per below which is obviously not 75% yield when you calculate the yield at https://www.google.com/finance/quote/TSLY:NYSEARCA?sa=X&ved=2ahUKEwjJ8YGUvKaAAxVEETQIHba-DykQ3ecFegQIHxAf&window=1M 

1.0661 07/06/2023 07/07/2023 07/10/2023 07/17/2023
0.8033 06/06/2023 06/07/2023 06/08/2023 06/15/2023
0.4402 05/04/2023 05/05/2023 05/08/2023 05/15/2023
0.8286 04/05/2023 04/06/2023 04/10/2023 04/17/2023
0.9023 03/07/2023 03/08/2023 03/09/2023 03/16/2023
0.9029 02/07/2023 02/08/2023 02/09/2023 02/16/2023
0.9986 01/05/2023 01/10/2023 01/11/2023 01/12/2023

Can you live with the .44 dividend from .82 and unpredictability of the dividend to live off of?

Not to mention US Internal Revenue Service deduction of 15% dividend withholding tax of the above dividends as I assume your a Canadian.  This is another reason why its doesnt really yield 75%.

hope this helps, stick with DFN given the 20 yr history and only 4 missed dividends over 20 yrs.  End of discussion.
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