Topic: How To Invest

Q: Hi Pat: I am think about buying this high-yield stock. Can I have you recommendation please? Thanks.

Article Excerpt

A: Dividend 15 Split Corp., $10.88, symbol DFN on Toronto (Shares outstanding: 31.6 million; Market cap: $343.8 million;, is a split-share investment corporation that holds shares of 15 companies: BCE Inc., CI Financial Corporation, Bank of Nova Scotia, Thomson Reuters, National Bank of Canada, Loblaw Cos., Sun Life Financial, Canadian Imperial Bank of Commerce, TransCanada Corporation, Manulife Financial, TD Bank, Royal Bank of Canada, Bank of Montreal, Telus Corporation and Enbridge. The company can also invest up to 15% of its portfolio in other stocks. Right now, this includes Suncor, AGF Management, TransAlta, Emera and TMX Group. Dividend 15 Split Corp. has two share classes: Dividend 15 Split Corp. capital shares (Toronto symbol DFN), and Dividend 15 Split Corp. preferred shares (Toronto symbol DFN.PR.A). A split-share company issues two classes of shares. Usually, the capital shares get all or most of the capital gains and losses, and the preferred shares get most of the dividend income. In the case of Dividend 15…

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