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Bullboard - Stock Discussion Forum Dividend 15 Split Corp T.DFN

Alternate Symbol(s):  DFNPF | T.DFN.PR.A | DVSPF

Financial Services Asset Management
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... see more

TSX:DFN - Post Discussion

Dividend 15 Split Corp > Quick question..
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Post by Clarke123 on Nov 03, 2023 11:40pm

Quick question..

Can someone help tell how much more does the underlying portfolio need to go up for the nav to go over 15, and the dividend to kick back in?
Comment by Clarke123 on Nov 03, 2023 11:44pm
Is it 6 to 7% more?
Comment by joeblows on Nov 04, 2023 1:59am
This post has been removed in accordance with Community Policy
Comment by navgod on Nov 04, 2023 8:19am
Just over 4% - .60/14.40
Comment by Clarke123 on Nov 04, 2023 9:55am
I see. So it's smaller than what I thought. Thank you.
Comment by NoShoesNoShirt on Nov 05, 2023 6:31pm
Hey Clarke here's an easy way.  14.40 ÷ 15 = .96.  So we're at 96% of the amount needed for dividends. 
Comment by Clarke123 on Nov 05, 2023 8:58pm
Got it, super clear now. Thank you. risk reward is highly asymmetric here. Just a 4% higher underlying will take this back to 5 or so.. so 25% move !
Dividend 15 Split Corp
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