Dividend 15 Split Corp T.DFN

NAV July 24

[AnEducator]

~$15.20. Ex-dividend, the NAV will drop down to $15.05, still above the payment threshold.

DF and DGS offer far better value.

[Larry50]

DF offers better value???  If I jumped on it at under $4 14 months ago and missed all those dividends I'd be up 15 cents a share right now and still dreaming of price movement that hasn't happened in all that time.  Perhaps I'm missing something?

[AnEducator]

DFN began 2023 at $7.53, and closed today at $6.92, a loss of $0.61. It has declared and paid out $0.60 in dividends, so you would be right about break-even year to date. DF began 2023 at $3.85, and closed today at $4.15, a gain of $0.30. Despite having paid no dividends, you would be up 7.8% year to date. The prevailing sky-high premium on DFN and meaningful discount on DF substantially

[Larry50]

Yes DF and DFN have similar portfolios but DF has consistently had dividends suspended for long periods of time whereas DFN has missed only 4 (I might be off a bit) in the last 18 years.  Very difficult to undertstand why it would suddenly fall apart and DF rise to more stable prices and sustained dividends.  That to me represents a very tough gamble when prices of DF have stagnated

[AnEducator]

Nobody should expect DF to suddenly rise while DFN goes in the other direction. It's simply more likely that DFN joins DFas investment that can no longer sustain a regular dividend, a direct result of the decline in its NAV.  DF's NAV has performed better in the last few months precisely because it has not been paying dividends. DFN's NAV erodes every time they make a payment. i

[mouserman]

Looks great to me, got the same number for DFN...

[flamingogold]

Some of these splits are best utilized for capital gain plays only as their rate of payout is dismal. DF, FFN and LFE come to mind, the latter usually a sell whenever it begins distributions.

[mouserman]

Feds jacked raises again .25% and the 2 biggest gainers in the split funds ???? LCS and LFE.... nuff said. Lifecos like high interest rates..