Dividend 15 Split Corp. Class A

Dividend 15 Split Corp. Class A

7.79
USD
+0.35
(+4.72%)
No data availableFinancial data will appear here once available

Capital Structure

FRC

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in mil. unless spec.
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Working Capital

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Growth Rates

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Semi-annual Revenue

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Semi-annual Earnings Per Share

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Semi-annual Dividends Per Share

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Company Description

CEO
Stephen Wayne Finch
Sector
Miscellaneous
Industry
Investment trusts
Address
200 Front Street West Toronto ON Canada M5V 3K2
IPO Date
Mar 16, 2004
Business
Dividend 15 Split Corp. is a Canada-based split-share investment corporation that invests primarily in an actively managed portfolio of approximately 15 core large capitalization dividend-yielding Canadian companies; it offers two classes of shares, Class A shares (DFN.TO) targeted at providing holders with regular monthly cash distributions and the potential for capital appreciation, and Preferred shares (DFN.PR.A) designed to deliver fixed cumulative preferential monthly cash dividends yielding a specified rate on the original issue price along with repayment of the original capital upon termination. Quadravest Capital Management Inc. serves as the investment manager, with operations focused on the Canadian equity market and targeting income-oriented investors seeking high monthly yields. The company, headquartered in Toronto, Ontario, was established to capitalize on dividend-paying large-cap equities while employing strategies such as covered call writing to enhance income. In late 2024, Dividend 15 Split Corp. extended its termination date by five years to December 1, 2029, increased the Preferred share dividend rate to 7.0% from 5.5% on the $10 repayment value effective December 1, 2024, and in November 2025 renewed its at-the-market equity program with a capacity of up to $600 million in gross proceeds to support portfolio growth and investment objectives.

Company News

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  • Dividend 15 Split Corp. Regular Monthly Distribution for Preferred Share

  • Dividend 15 Split Corp. Regular Monthly Distribution for Preferred Share