Dividend 15 Split Corp. II
DF.TO
Toronto Stock Exchange8.98
CAD
+0.05
- -
Dividend 15 Split Corp. II
DF.TO
(Toronto Stock Exchange)
Recent
price
8.98
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Dividend 15 Split Corp. II is a Canadian investment corporation that primarily invests in a portfolio of 15 dividend-yielding, high-quality Canadian companies. It offers two types of shares: Class A common shares and Preferred shares. The corporation is designed to provide monthly cash dividends to shareholders, targeting a monthly dividend rate of CAD 0.10 per Class A share and an annual dividend rate of 7.00% for the Preferred shares. Its investment focus is on dividend income from carefully selected Canadian equities. The company operates primarily within Canada and targets income-focused investors. It was founded in 2015 and is headquartered in Toronto, Ontario. Recently, the company extended its termination date by an additional five years through December 2029, with all retraction rights for shareholders satisfied. The extension also asserts the continuation of its dividend policies, including the 7.00% annual dividend rate for Preferred shares and the monthly dividend targeting for Class A shares. The corporation has the ability to repurchase Class A shares at or below intrinsic value to enhance shareholder returns. This investment entity is managed by Quadravest Capital Management Inc., which actively manages the portfolio to sustain monthly dividend payments and capital preservation. No significant rebalancing of shares or changes in portfolio strategy were required as part of the recent extension.