Split Share Corporations: You May Split More Than Your Return With the Firm Who Sold It
Would you like to invest in a product that pays a 10% dividend yield and is built on banks and other blue chips? This is what Dividend 15 Split Corp (DFN.TO) offers: a group of 15 companies where you can hold Class A and preferred shares. When I looked at the list of the 15 companies, I understood it was a select group: Bank of Montreal (BMO.TO), National Bank of Canada (NA.TO), Sun Life Financial (SFL.TO), Bank of Nova Scotia (BNS.TO), CI Financial Corp. (CIX.TO), TELUS Corporation …