https://canadianpreferredshares.ca/rank-financial-15-split-corp-preferreds/


Rank Dividend 15 Split Corp Preferreds

This compare tool allows you to Rank Dividend 15 Split Corp 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 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 Brief Overview

Visit the Dividend 15 Split Corp 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. 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 $0.04583 per Preferred Share to yield 5.50% per annum on the original issue price

The latest information and statistics on their common stock DFN, 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 Preferred share Credit Ratings

The latest preferred share credit ratings for Dividend 15 Split Corp 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-3



 
 

Rank Dividend 15 Split Corp 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:


  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 Change. 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 2024-Apr-22 20:06, Model Metrics 2024-Apr-22 20:34
SymbolPrice52W High52W Low
Fixed Rate Baseyield and dividend for the current issue based on last night’s closing stock price
Current (Yield Dividend)Name
DFN-A DFN.PR.A CA25537R2081 $9.81$9.90$9.28SPLIT SHARE + 5.50%05.60% $0.5500Dividend_15_Split_Corp_5.5%
Rank E Split Corp Preferreds - https://canadianpreferredshares.ca/

Additional Information

Continue to Rank Dividend 15 Split Corp Preferreds  page 2 of 2 where you can find

  1. Graph of all preferred share yields
  2. Propsectus Information
  3. Consolidated Short Position Reports for each Dividend 15 Split Corp Preferred
Continue To Page 2/2