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Dividend 15 Split Corp. Class A Shares (DFN $7.22)
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Financial 15 Split Corp. Class A Shares (FTN $11.08)
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Commerce Split Corp. Capital Shares (YCM $6.27)
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Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX $15.62)
Q: I bought DFN and HMAX a few months ago because of the dividends--today they are 16.85% and 12.76%
but also a pleasant surprise of growth in each of 31% and 34%
So have now added the above stocks
I monitor all of them daily
Would be interested in you comments on this??
but also a pleasant surprise of growth in each of 31% and 34%
So have now added the above stocks
I monitor all of them daily
Would be interested in you comments on this??
5i Research Answer:
DFN has done very well, but is a split share company and does use leverage. Under its structure, it has omitted dividends several times in the past 15 years. HMAX we think is fine. It uses at the money call options, so may lag in a rally. FTN is another split share company, so investors need to understand how these work. We are not against it, but risks are higher than with a normal corporation. It too has stopped dividends in the past. FFN is similar to DFN but with a North American focus. It has done exceptionally well (5 year 43.86%). But it has had lots of times when the dividend stopped. YCM only owns CM stock, and we do not like these single-stock structures. XTD only owns TD stock and these funds are quite small and not endorsed.