tiprankstipranks
Trending News
More News >

Dividend 15 Split Corp. II Renews At-The-Market Equity Program

Story Highlights
Dividend 15 Split Corp. II Renews At-The-Market Equity Program

Don’t Miss TipRanks’ Half-Year Sale

The latest announcement is out from Dividend 15 Split II ( (TSE:DF) ).

Dividend 15 Split Corp. II has renewed its at-the-market equity program, allowing the company to issue shares to the public at its discretion until July 2027. The program, which replaces a previous one from May 2023, enables the sale of Class A and Preferred Shares through the Toronto Stock Exchange or other Canadian marketplaces. The maximum gross proceeds from this program are set at $350 million. The proceeds will be used in line with the company’s investment objectives and strategies, potentially impacting its market positioning and offering opportunities for stakeholders.

Spark’s Take on TSE:DF Stock

According to Spark, TipRanks’ AI Analyst, TSE:DF is a Neutral.

Dividend 15 Split II shows strong valuation metrics with a high dividend yield and low P/E ratio, appealing to income investors. Financial performance reflects a positive turnaround, though cash flow volatility remains a concern. Technical analysis indicates a neutral market position, suggesting potential caution. The company’s ongoing dividend distributions highlight a stable income opportunity, despite the need for cash flow stabilization. Overall, the stock is moderately attractive with room for improvement in financial consistency.

To see Spark’s full report on TSE:DF stock, click here.

More about Dividend 15 Split II

Dividend 15 Split Corp. II is a company that primarily invests in a high-quality portfolio of leading Canadian dividend-yielding stocks. Its portfolio includes major financial institutions and corporations such as Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, The Toronto-Dominion Bank, National Bank of Canada, CI Financial Corp., BCE Inc., Manulife Financial Corporation, Enbridge Inc., Sun Life Financial Inc., TELUS Corporation, Thomson Reuters Corporation, TransAlta Corporation, and TC Energy Corporation.

Average Trading Volume: 88,564

Technical Sentiment Signal: Strong Buy

For detailed information about DF stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1