Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Financial 15 Split Corp T.FTN

Alternate Symbol(s):  T.FTN.PR.A | FNNCF

Financial 15 Split Corp. is a mutual fund, which invests in a portfolio consisting of over 15 financial services companies. The Company offers two types of shares, such as Preferred Shares and Class A Shares. Its investment objectives with respect to Preferred Shares are to provide holders of Preferred Shares with cumulative preferential monthly cash dividends in an amount of over 6.75% annually and to pay the holders of the Preferred Shares approximately $10 per Preferred Share on or about the termination date. Its investment objectives with respect to Class A Shares are to provide holders of Class A Shares with regular monthly cash distributions and to permit holders to participate in all growth in the net asset value of the Company over $15 per unit, by paying holders on or about the termination date such amounts as remain in the Company after paying over $10 per Preferred Share. The Company’s investment manager is Quadravest Capital Management Inc.


TSX:FTN - Post by User

Financial 15 Split Corp > Can anyone explain how this stock can pay
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(118)
•••
Comment by meritmaton Jan 05, 2024 6:09pm
137 Views
Post# 35813296

RE:RE:RE:RE:RE:Can anyone explain how this stock can pay

RE:RE:RE:RE:RE:Can anyone explain how this stock can pay

KozmoT wrote: I have a few "high risk" stocks but none of them pay dividends.  I have a good number of low risk stocks but they pay dividends between 5 and 9%.    I guess I can't see what the risk is but I can't seem to square that with a 19% dividend.  I note that FTN has been around for a couple decades and has traded much higher than where it is now.  So either the shareprice goes up and the divie drops a bit or the shareprice stays put and so does the divie.  Seems a win-win to me except for the whole "too good to be true" thing.

 

5-9% is not low risk.  Very high.  3-5% is low

I look at this like musical chairs.  I plan to be out sitting on my chair at the first sign of danger 

<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities