Rank Dividend 15 Split Corp II Preferreds
This compare tool allows you to Rank Dividend 15 Split Corp II Preferreds, based on the latest stock information available. Our goal is to provide you with the information and metrics related to the Dividend 15 Split Corp II preferreds. Your goal is to establish which preferred will provide you the best returns. If you are buying today, these tools will expedite and aid the selection process. Given all the data available here, an informed decision is within reach.
In a market with low volumes you can use this information to identify mispriced shares. Since all preferreds belong to the same issuer, the risk is the same for all of them.
Dividend 15 Split Corp II Brief Overview
Visit the Dividend 15 Split Corp II company website to see the preferred share prospectus, news and other information.
Sector: Split Share
Main Features of this Spit Share Instrument:
- Dividend 15 Split Corp.II is an investment corporation designed to pay monthly cash dividends. The corporation invests primarily in a portfolio of 15 dividend yielding, high quality Canadian companies.
- Class A: on or about the termination date of December 1, 2024 (subject to further 5 year extensions thereafter), to pay the holders of Class A Shares at least the original issue price of those shares.
- Preferrreds: on or about the termination date of December 1, 2024 (subject to further 5 year extensions thereafter), to pay the holders of the Preferred Shares the original issue price of those shares.
Dividend 15 Split Corp offers two type of shares,
- to provide holders of the Class A Shares with regular monthly cash dividends initially targeted to be $0.10 per Class A Share to yield 8.0% per annum on the original issue price
- to provide holders of the Preferred Shares with fixed, cumulative preferential monthly cash dividends in the amount of $0.04792 per Preferred Share to yield 5.75% per annum on the original issue price
The latest information and statistics on their common stock DF, can be easily accessed using websites like TMX Money.
Dividend Payment Schedule: 2024MAR10 , 2024JUN10 , 2024SEP10 , 2024DEC10 Ex Dividend Date Schedule: 2024FEB27 , 2024MAY28 , 2024AUG28 , 2024NOV28
Dividend 15 Split Corp II Preferred share Credit Ratings
The latest preferred share credit ratings for Dividend 15 Split Corp II are listed in the table below. For additional information on credit rating agencies and codes see our article Credit Rating Symbols.
| A.M. Best | FITCH | S&P | DBRS | S&P Global | Moody's | PFD-4 |
|---|
Rank Dividend 15 Split Corp II Preferreds - Compare Tool.
If you need more information on how to use the metrics below, watch our video Introduction to Compare Tools or see our post how to pick the best preferred share of a company
NOTE: Dividend dates are not fixed. The dates shown here are estimated and most likely a few days off. Do not make trades based on these dates. Always check with the issuer for the correct dates.
The following metrics are now only available on the premium version of this tool:
- Reset Date.
- Reset (Yield | Dividend).
- Blended (Yield | Dividend).
- Rate Change Percent. Reflects the effect or the current price on the issue rate of the preferred. Here you see the effective new rate of the share due to its drop or rise of its share value
- Rate Change To Value.
- New Spread Change.
- New Spread Value.
- Short Position. If there is a short position on the preferred this shows the size of the short position
- Additional Features.
- Years To Double Initial Investment.
- Outstanding float.
- Market Cap In Bilions. The company Market Cap.
- Common Stock P/E Ratio.
- Common Stock P/B Ratio.
- Common Stock Yield.
| Symbol | Price | 52W High | 52W Low | Fixed Rate Baseyield and dividend for the current issue based on last night’s closing stock price | Current (Yield Dividend) | Name |
|---|---|---|---|---|---|---|
| DF-A DF.PR.A | $10.26 | $10.29 | $9.75 | SPLIT SHARE + 5.75% | 05.60% $0.5750 | Dividend_15_Split_Corp_II_5.75% |
Current yields over time
The graph below shows the current yield of each Dividend 15 Split Corp II preferred share, over time. Place the mouse cursor over the graph to reveal data like (date, ticker and current Yield).When viewing the graph below keep in mind the following
- The yield has an inverse relationshlp to the share price. As the share price rises towards face value the yield gets lower.
- For 5 year resets, at reset time the yield usually makes a substantial move up or down when the reset takes effect.
Reset yields over time
The graph below shows the projected reset yield of each Dividend 15 Split Corp II preferred share, over time. Place the mouse cursor over the graph to reveal data like (date, ticker and current Yield).When viewing the graph below keep in mind the following
- This yield is projected based on todays 5yr GOC rate plus the spread of the preferred.
- This is a what if scenario. If the preferred was to reset today this would be the new yield.
DF-A Short Position over time
The graph below shows the short position for DF-A preferred share over time. Place the mouse cursor over the graph to reveal data like (date, short position detail).Currently the outstanding float for DF-A is 13,847,049 and the latest short position is 17,294. Thus the current short position is 0.1200% of the outstanding float.
