Rank Dividend 15 Split Corp II Preferreds https://canadianpreferredshares.ca/rank-dividend-15-split-corp-ii-preferreds/


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:

  1. 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.
  2. 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.
  3. 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.
NOTE: THIS IS A SPLIT SHARE INSTRUMENT BY "Quadravest funds"

Dividend 15 Split Corp offers two type of shares,

  1. 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
  2. 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: 2022MAR10 , 2021JUN10 , 2021SEP10 , 2021DEC10

Ex Dividend Date Schedule: 2022FEB27 , 2021MAY28 , 2021AUG28 , 2021NOV28

 

Dividend 15 Split Corp II Credit Rating

The latest credit rating 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.

S&P CorporateS&P PreferredsDBRS Long TermDBRS Preferred'sS&P Global CorporateS&P Global PreferredsMoody's LongTermFitch Long TermFitch Short Term
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


The following metrics are now only available on the premium version of this tool:


  1. Reset Date.
  2. Reset (Yield | Dividend). Represents the yield and dividend for the current issue after the upcoming reset. For this calculation it’s assumed the key rates are going to be the same as todays published rates. The reset yield is the sum of the key rate for the base term (5YR, 3Month, etc) plus the published spread. Since we do not know what the key rate will be at the time of the reset we assume its going to be the same as today. The ability to use a different set of rates during this caclulation is planned for a future release.
  3. Blended (Yield | Dividend).
  4. Rate Change Percent.
  5. Rate Change To Value.
  6. New Spread increase. It shows the effect or the current price on the issue spread of the preferred. It shows the percent increase/decrease of the new spread
  7. New Spread Value.
  8. Short Position.
  9. Additional Features.
  10. Years To Double Initial Investment. How many years will it take for the initial investment to double.
  11. Outstanding float.
  12. Market Cap In Bilions.
  13. Common Stock P/E Ratio.
  14. Common Stock P/B Ratio.
  15. Common Stock Yield.
Last Updated: Market Data Jul-31 09:31, Model Metrics Jul-31 09:35
SymbolPrice52W High52W 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 $10.02$10.40$9.65SPLIT SHARE + 5.75%05.74% $0.5750Dividend_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
  1. The yield has an inverse relationshlp to the share price. As the share price rises towards face value the yield gets lower.
  2. 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
  1. This yield is projected based on todays 5yr GOC rate plus the spread of the preferred.
  2. 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 0. Thus the current short position is 0.0000% of the outstanding float.

Rank E Split Corp Preferreds - https://canadianpreferredshares.ca/