Dividend 15 Split Corp II Class A (TSE:DF)
TSX:DF
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Dividend 15 Split II
(TSX:DF)
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Rating:62Neutral
Price Target:
C$7.50
▲(0.27% Upside)
Action:ReiteratedDate:03/04/26
The score is held back primarily by financial volatility—especially inconsistent cash flow (negative again in 2025) and meaningful leverage—despite a recent earnings rebound. Technicals are moderately supportive with a positive longer-term trend and neutral momentum, while valuation is a clear positive due to the very low P/E and high dividend yield.
Positive Factors
Dividend-based cash flow
Dividend 15 Split II's operating economics are structurally tied to dividends from underlying equities. Over a multi-month horizon, dividend income from large-cap issuers provides a durable revenue base to fund distributions and fees, reducing reliance on short-term trading gains.
Negative Factors
Inconsistent cash generation
Cash flow volatility—including a return to negative operating and free cash flow in 2025—undermines the fund's core ability to sustainably fund distributions and cover expenses. For a split-share vehicle, unreliable cash increases the risk of distribution cuts or pressure on capital structure over cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Dividend-based cash flow
Dividend 15 Split II's operating economics are structurally tied to dividends from underlying equities. Over a multi-month horizon, dividend income from large-cap issuers provides a durable revenue base to fund distributions and fees, reducing reliance on short-term trading gains.
Read all positive factors
Dividend 15 Split II (DF) vs. iShares MSCI Canada ETF (EWC)
Market Cap
N/A
Dividend Yield16.19%
Average Volume (3M)100.73K
Price to Earnings (P/E)3.5
Beta (1Y)1.22
Revenue Growth50.39%
EPS Growth80.72%
CountryCA
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)1.80
Shares Outstanding26,925,486
10 Day Avg. Volume83,711
30 Day Avg. Volume100,730
Financial Highlights & Ratios
PEG Ratio-0.07
Price to Book (P/B)0.82
Price to Sales (P/S)4.95
P/FCF Ratio-40.95
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Dividend 15 Split II Business Overview & Revenue Model
Company Description
Dividend 15 Split Corp. II is a close ended equity mutual fund launched by Quadravest Inc. The fund is managed by Quadravest Capital Management. It invests in public equity markets of Canada. The fund invests in stocks of companies operating acros...
How the Company Makes Money
Dividend 15 Split Corp II generates revenue primarily through the collection of dividends from its portfolio of high-quality, dividend-yielding stocks. The company invests in a diversified selection of large-cap companies known for consistent divi...
Dividend 15 Split II Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
54
Neutral
Cash Flow
41
Neutral
| Breakdown | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 32.76M | 17.96M | 26.04M | 18.98M | 6.31M |
| Gross Profit | 29.66M | 110.30M | -7.06M | 9.97M | 3.84M |
| EBITDA | 63.39M | 109.54M | -8.17M | 8.62M | 43.80M |
| Net Income | 46.99M | 95.41M | -25.11M | -10.23M | 32.30M |
Balance Sheet | |||||
| Total Assets | 452.40M | 428.63M | 346.21M | 459.60M | 376.27M |
| Cash, Cash Equivalents and Short-Term Investments | 451.35M | 427.45M | 344.80M | 59.81M | 63.35M |
| Total Debt | 248.87M | 251.42M | 249.08M | 311.12M | 243.13M |
| Total Liabilities | 253.81M | 255.80M | 250.75M | 314.35M | 247.42M |
| Stockholders Equity | 198.59M | 172.83M | 95.46M | 145.25M | 128.85M |
Cash Flow | |||||
| Free Cash Flow | -3.96M | 34.03M | 62.60M | -77.11M | -96.13M |
| Operating Cash Flow | -3.96M | 34.03M | 62.60M | -77.11M | -96.13M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | -21.93M | -27.37M | -103.96M | 73.56M | 146.64M |
Dividend 15 Split II Technical Analysis
Positive
7.48
Price Trends
7.55
Positive
7.29
Positive
6.61
Positive
Market Momentum
0.03
Negative
59.45
Neutral
85.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:DF, the sentiment is Positive. The current price of 7.48 is above the 20-day moving average (MA) of 7.38, below the 50-day MA of 7.55, and above the 200-day MA of 6.61, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 59.45 is Neutral, neither overbought nor oversold. The STOCH value of 85.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:DF.
Dividend 15 Split II Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | C$6.86M | 3.53 | 42.23% | 7.52% | -54.61% | 273.14% | |
63 Neutral | C$39.37M | ― | 26.15% | 10.21% | 818.69% | -12.12% | |
62 Neutral | ― | 3.45 | ― | 16.19% | 50.39% | 80.72% | |
56 Neutral | C$107.23M | ― | -7.26% | 17.81% | ― | ― | |
| ― | C$24.01M | ― | 46.99% | 8.54% | 126.51% | 10525.53% |
* Financial Sector Average
TSE:DF
Dividend 15 Split II
7.69
3.43
80.35%
TSE:PDV
Prime Dividend Cl A
12.12
5.41
80.52%
TSE:RS
Real Estate & E-Commerce Split Corp. Class A
9.36
1.97
26.64%
TSE:BNK
Big Banc Split
17.92
6.49
56.82%
TSE:PWI
Sustainable Power & Infrastructure Split
11.99
5.14
75.09%
TSE:IS
International Clean Power Dividend Fund
18.31
6.07
49.63%
Dividend 15 Split II Corporate Events
Financial DisclosuresRegulatory Filings and Compliance
Dividend 15 Split Corp. II Publishes 2025 Annual Financial Results
Neutral
Feb 25, 2026
Dividend 15 Split Corp. II announced that its audited annual financial statements and management report of fund performance for the year ended November 30, 2025 are now available to investors. The documents can be accessed through the company̵...
Dividends
Dividend 15 Split Corp. II Declares Monthly Distributions and Highlights Cumulative Payouts
Positive
Feb 19, 2026
Dividend 15 Split Corp. II has declared a monthly distribution of $0.10 per Class A share and $0.05833 per Preferred share, payable on March 10, 2026 to shareholders of record on February 27, 2026. The announcement underscores the fund’s ong...
Dividends
Dividend 15 Split Corp. II Declares Monthly Distributions for Class A and Preferred Shares
Positive
Jan 20, 2026
Dividend 15 Split Corp. II has declared a monthly cash distribution of $0.10 per Class A share and $0.05833 per Preferred share, payable on February 10, 2026 to shareholders of record as of January 30, 2026. With this latest payment, Class A share...
Dividends
Dividend 15 Split Corp. II Declares Monthly Distributions for Class A and Preferred Shares
Positive
Dec 18, 2025
Dividend 15 Split Corp. II has declared a monthly cash distribution of $0.10 per Class A share and $0.05833 per Preferred share, payable on January 9, 2026 to shareholders of record as of December 31, 2025. With this latest declaration, the fund h...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.