Wednesday, November 20, 2024

New purchase : First National Financial Corporation

Started a new position in portfolio by purchasing 50 shares of First National Financial Corporation (TSE:FN). 

First National Financial Corp is a Canadian originator, underwriter, and servicer of predominantly prime residential and commercial mortgages. The Company operates in two business segments, Residential and Commercial. These segments are organized by mortgage type and contain revenue and expenses related to origination, underwriting, securitization and servicing activities. It derives maximum revenue from Residential segment.

First National Financial Corp pays dividends monthly and my starting yield of cost is around 5.7%


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