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 > DFN.pr.a Drop on volume

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Post by navgod on Dec 12, 2024 11:33am

DFN.pr.a Drop on volume

Anyone have any idea what is going on with DFN pref. Been under pressure since the open -- wondering if there has been some retraction leak not saying there is but yrying to figuire out why I shoukdm't buy a block. GLTA

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Comment by navgod on Dec 12, 2024 11:34am

Sorry about the typing was in hurry

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Comment by navgod on Dec 12, 2024 11:46am

Hearing something about a block issue @ 10.35 through National Bank no details on size. Trading volume now over 2.6 milloion on all exchanges

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Comment by NoShoesNoShirt on Dec 12, 2024 2:38pm

Maybe because someone who has owned it 20 years just noticed it pays 5% vs. 8% for FTN and FFN.

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Comment by pennydredful on Dec 12, 2024 3:23pm

did not exist 20 years ago . Yields 7% at 10 par value . NO NOTHING

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Comment by NoShoesNoShirt on Dec 12, 2024 9:54pm

This fund began February 25, 2004 and yes that's over 20 years. Go to the documents section on the website. And my broker says the current div is 5% for preferreds. I am aware it's rising but it's not catching up.

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