Dividend 15 Split Corp. II Class A Shares (DF)

Dividend 15 Split Corp. II Class A Shares (DF $6.23)
- $6.23 Fwd P/E: 16.52X Cap: $193M
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Dividend 15 Split Corp. II Class A Shares (DF $6.23)
- $6.23 Fwd P/E: 16.52X Cap: $193M
- View DF Profile
- View Questions on DF

Q: The NAV as of March 31/21 is 14.80 so being below 15.00 no dividend is paid. What is the rationale for DF trading in the 4.70 range recently and today is at 5.35.
Thanks

Read Answer Asked by Del on April 14, 2021

Dividend 15 Split Corp. II Class A Shares (DF $6.23)
- $6.23 Fwd P/E: 16.52X Cap: $193M
- View DF Profile
- View Questions on DF

Q: Hello, split shares have dropped quite a lot recently. Most are well below the $5 threshold (DF-$3.08, DGS-$3.50, FFN-$3.52), where monthly dividends ($0.07-0.08) are distributed. Most of the companies that are being held in split shares are bank stocks and other high quality Canadian stocks.

I am trying to better understand the risks of owning split shares. I estimate the only circumstances I would not collect dividends are when:
1) the prices of the equity inside the split shares never go back to the normal level, and
2) the dividend-paying equity inside the split shares cuts and suspends dividends.

What other risks can you think of? Do you think the risk outweighs the rewards?

Thanks

Read Answer Asked by Esther on August 12, 2020