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North American Financial 15 Split Corp T.FFN

Alternate Symbol(s):  FNCSF

North American Financial 15 Split Corp. is a mutual fund corporation, which invests in a portfolio of over 15 financial services companies. It 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, the amount of which is fixed on an annual basis and to pay the holders of the preferred shares a certain price 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 for a specific price per unit, by paying holders on or about the termination date such amounts as remain in the Company after paying a specific price per preferred share. Its investment manager is Quadravest Capital Management Inc.


TSX:FFN - Post by User

Post by oldbrit34on Apr 08, 2024 5:22pm
230 Views
Post# 35977698

FFN dividend yield

FFN dividend yieldThe TSX continues to show that FFN has a dividend yield of 13.692% . In the real world we have a yield of 23.905% which my TFSA trading account confirms. This puts them up to 8th on the TSX  Top Dividend list and if this list was cleaned up it would be around 3rd or 4th depending on how you interpret dividends. Not too shabby for a split with a solid portfolio of stocks and a growing dividend clearance above $15. For those who use the TSX site for research etc their mistake could deter people from choosing FFN. When we look at the real dividend yield of 23.905% for FFN this makes it very attractive as long as we continue to follow daily the NAV, Thanks as always to people like Mouserman and An Educator. This is one of the best times I can remember to be trading the Splits .
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