RE:RE:RE:18% dividend?itsalie.....split share companies are not regular dividend paying stocks. There are periods where they pay no dividends. I suggest as part of your DD you look at the dividend history of the splits you interested in to get a complete picture. As well look at some of the long term charts.
In simple terms, the dividends paid out to the commons for most splits comes out of capital gains and is a return on capital. This works fine as long as the market is going up. Once the market flattens out and more importantly, goes down, the splits get hammered and you really don't want to be the last one finding a seat when the music stops.
I still hold FTN but as I mentioned earlier have reduced my holding by 50% as I have concerns about the overall market going forward and expect to reload at a much lower SP than I sold for at some point in the future.