Cash Dividend On The Way From Dividend 15 Split Corporation (DFN)

On 5/27/15, Dividend 15 Split Corporation (TSX: DFN.TO) will trade ex-dividend, for its monthly dividend of $0.10, payable on 6/10/15. As a percentage of DFN's recent stock price of $11.79, this dividend works out to approximately 0.85%, so look for shares of Dividend 15 Split Corporation to trade 0.85% lower — all else being equal — when DFN shares open for trading on 5/27/15.

Below is a dividend history chart for DFN, showing historical dividends prior to the most recent $0.10 declared by Dividend 15 Split Corporation:

DFN+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from DFN is likely to continue, and whether the current estimated yield of 10.18% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of DFN shares, versus its 200 day moving average:

Dividend 15 Split Corporation 200 Day Moving Average Chart

Looking at the chart above, DFN's low point in its 52 week range is $10.35 per share, with $12.40 as the 52 week high point — that compares with a last trade of $11.79.

In Tuesday trading, Dividend 15 Split Corporation shares are currently trading flat on the day.

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