Dividend 15 Split Corp T.DFN

Never fall in love with a stock...

[flamingogold]

This is often stated... but I also live by the fact to never completely hate a stock either.

Yesterday was a day to start loving DFN again because it was very, very close to the threshold of paying and markets were solidly in the green. That was the moment to open our hearts and our wallets again.

I've stated it often, the fund managers want this to pay out. It's Quadravest's "star" fund and main competition to Brompton's DGS. The time will come again when the premium gets too high as the threshold to payout nears. But, today is not that day to hate.

[calaltacan]

How can you hate this stock......I have held since 2015, think its only missed 8 payments since then.

[randomstocks1]

A 20%-50% return over 10 years is not that great of a return. SPY has done better in that time frame.

[flamingogold]

DFN was over $10 in 2015 and will never reach that level again. Even with all the distributions, there is a time to own this and a time to be on the sidelines. And for those who have the skill and the courage, there is also a time to short it.   Assuming one bought 1000 shares in Dec 2015 for $10, which was the low for the year, and never traded in/out since:   $10,000 at $10

[randomstocks1]

Correct, SPY works out to 11%/yr

[DanRiffs7]

SPY was $142 in 2000, didn't recover back to $142 until 2012

[stickbot]

True but with as little as one trade a year you can mitigate the bleed of the sp, which I imagine is what most are doing; either by chasing the lower average or shorting.. 

[saddlerack]

They want to pay out and like most executives hate to see their stock shorted.  Delaying the announcement and then paying even though they published the NAV on April 15 and indicated no payment, is definitely a means to discourage short selling.  The heavier than normal volumes of the last few days suggests a lot of short covering.  Personally I'm long, hold it for the dividend