Dividend 15 Split Corp. II has released its Annual Report to November 30, 2013.
| DF / DF.PR.A Performance |
| Instrument |
One
Year |
Three
Years |
Five
Years |
| Whole Unit |
+22.09% |
+11.10% |
+13.73% |
| DF.PR.A |
+5.38% |
+5.38% |
+5.38% |
| DF |
+56.13% |
+21.48% |
29.46% |
| S&P/TSX 60 Index |
+13.40% |
+4.36% |
+9.65% |
Using the S&P TSX 60 index rather than “Dividend Aristocrats” seems a little odd to me – but we’ll let them choose their benchmark!
Figures of interest are:
MER: 1.28% of the whole unit value (estimated from 2012 values; the 2013 figure is not comparable due to a secondary share offering that spanned 2013 year end).
Average Net Assets: We need this to calculate portfolio yield. No change in Number of Units Outstanding, so the average of the beginning and end of year figures can be used: $81.2-million
Underlying Portfolio Yield: Dividends received of 3,075,803 divided by average net assets of 81.2-million is 3.8%
Income Coverage: Net Investment Income of 1,757,682 divided by Preferred Share Distributions of 2,670,393 is 66%.
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DF.PR.A 2013 Annual Report
Dividend 15 Split Corp. II has released its Annual Report to November 30, 2013.
Year
Years
Years
Using the S&P TSX 60 index rather than “Dividend Aristocrats” seems a little odd to me – but we’ll let them choose their benchmark!
Figures of interest are:
MER: 1.28% of the whole unit value (estimated from 2012 values; the 2013 figure is not comparable due to a secondary share offering that spanned 2013 year end).
Average Net Assets: We need this to calculate portfolio yield. No change in Number of Units Outstanding, so the average of the beginning and end of year figures can be used: $81.2-million
Underlying Portfolio Yield: Dividends received of 3,075,803 divided by average net assets of 81.2-million is 3.8%
Income Coverage: Net Investment Income of 1,757,682 divided by Preferred Share Distributions of 2,670,393 is 66%.
This entry was posted on Sunday, April 13th, 2014 at 7:03 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.