Q: Is there any news about DFN? Huge volume increases the last two days and the share price has dropped significantly. Dividend was paid out on the 10th. Today is the 11th. Thank you.
5i Research Answer:
Split share corps almost never put out press releases and that is the case here. There is no news. Bank shares have been a bit stronger so the drop in DFN is a bit unusual. NAV at June 30 was $15.05; some holders may be worried about a dividend cut.