Bullboard - Stock Discussion Forum 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... see more

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TSX:DFN - Post Discussion

Dividend 15 Split Corp > NAV February 15

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Post by AnEducator on Feb 15, 2024 4:44pm

NAV February 15

~$15.16. Capital shares are trading near par.

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Comment by flamingogold on Feb 15, 2024 5:01pm

Add in a 10% premium and this could go to +$5.60.

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Comment by Inglewood on Feb 16, 2024 2:15pm

Surprised DFN is not getting more love... paying this month and trading at what looks like at or a slight discount to NAV.. what gives?? Usually this is the darling of the split share nation... Maybe this is next in line to make a big 20-30 cent move!

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Comment by NoShoesNoShirt on Feb 16, 2024 2:23pm

nav rose enough to pay a couple of times, but others like FFN and LFE are rising faster. LFE is probably going to be paying for years.

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Comment by mouserman on Feb 16, 2024 2:38pm

Some others still trading at a discount, and have made bigger moves .. LFE and FFN come to mind.. I have DFN UNIT NAV @ about $15.25 today, LFE at about $51.47 ... and not sure on FFN..but still over 15$ i would bet. Both LFE and FFN would have a higher yield and are paying. DFN used to pay every month, but not in 2023...and did get a big premium back then. Some hard lessons were had ...more

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Comment by mouserman on Feb 16, 2024 2:39pm

OOPS LFE at $15.47 lol more fatfinger typing.

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Comment by Higherhopes2020 on Feb 20, 2024 1:18pm

CAN YOU POST REAL TIME NAV FOR DF THANKS.

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Comment by DanRiffs7 on Feb 16, 2024 6:57pm

I was one to learn that lesson the HARD way, the past doesn't mean the future. I have 50+K shares at 7.63 for ~2 years, and at 5.22 currently, if it pays 7 more months, I'll have recouped that loss in SP BUT I'm strongly hoping it has more legs in the LT if/when banks rebound so might be worth holding til then then ....? But ya a significant enough portion of my portfolio went ...more

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Comment by Beuler on Feb 20, 2024 11:14am

Ide add what you can 5 and under, even if it's few thousand shares. Sell that added portion when the chart nears it's long term trend. 6.5-7.50 range. Overweight under weight, over many years it brings positions nearer to average. But yeah shouldn't add so much at top of trend. Patience.

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Comment by flamingogold on Feb 20, 2024 3:57pm

I just recently employed this tactic. Exited half my position between $5.20-$5.30 and reloaded when it dipped back under $5.

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Comment by rixpix on Feb 20, 2024 4:27pm

DFN has turned out to be a fantastic investment for me in such a short period of time. Bought a chunk @ $3.11 and collecting $1.20 yearly div. That's almost a 40% dividend yield! Plus an almost 100% cap gain. Fantastic is putting it mildly. Not planning on selling any either right now. I'll just hold and collect the monthly div.

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Dividend 15 Split Corp