Dividend 15 Split Corp. Raises $142.6 Million in Overnight Preferred Share Offering

An update from Dividend 15 Split Corp ( (TSE:DFN) ) is now available.

Dividend 15 Split Corp. has completed the overnight marketing of a preferred share offering, raising expected gross proceeds of approximately $142.6 million through the sale of TSX-listed Preferred Shares at $10.45 each, slightly below the prior closing price of $10.53. Led by National Bank Financial, the offering is expected to close on or about January 23, 2026, subject to TSX approval, with net proceeds earmarked to expand the company’s actively managed portfolio of dividend-paying Canadian blue-chip companies such as major banks, insurers, utilities and telecoms, supporting its investment objectives of delivering a 7% annual fixed, cumulative monthly dividend (based on the original $10 issue price) and returning $10 per preferred share around the current December 1, 2029 termination date, which may be extended.

The most recent analyst rating on (TSE:DFN) stock is a Buy with a C$8.00 price target. To see the full list of analyst forecasts on Dividend 15 Split Corp stock, see the TSE:DFN Stock Forecast page.

Spark’s Take on TSE:DFN Stock

According to Spark, TipRanks’ AI Analyst, TSE:DFN is a Outperform.

Dividend 15 Split Corp’s overall stock score is driven by its strong valuation and positive technical indicators. The company’s low P/E ratio and high dividend yield make it an attractive option for value and income investors. Positive corporate events further bolster confidence. However, financial performance shows mixed results with historical volatility, necessitating cautious optimism.

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

More about Dividend 15 Split Corp

Dividend 15 Split Corp. is a Canadian investment company that manages an actively run portfolio of high-quality, dividend-yielding Canadian equities, with a strong focus on major banks, insurers, utilities, pipelines, telecoms and other blue-chip issuers. Its structure includes preferred shares designed to offer investors fixed, cumulative monthly dividends and targeted capital repayment at a future termination date, providing an income-focused vehicle within the Canadian equity market.

Average Trading Volume: 463,704

Technical Sentiment Signal: Buy

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