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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 flamingogoldon Jul 10, 2024 10:07am
140 Views
Post# 36126146

RE:Like my odds...

RE:Like my odds...That is insufficient data to make a decision on a buy nowadays. It's like having a boat for 20 years that has set out to sea without fail. But today, that boat has a big hole in it's hull so its history is irrelevant to sail.

LuckyMeLuckyYou wrote: DFN paid its first monthly dividend on April 2004.
In the last 20 years ( 240 months) it paid a dividend 231 times! (96% of the time)




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