Financial 15 Split (TSE:FTN) Sets New 52-Week High – What’s Next?

Financial 15 Split Corp. (TSE:FTN)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$11.62 and last traded at C$11.55, with a volume of 369323 shares traded. The stock had previously closed at C$11.10.

Financial 15 Split Stock Performance

The stock’s 50-day simple moving average is C$10.84 and its 200-day simple moving average is C$10.28. The stock has a market cap of C$788.01 million, a price-to-earnings ratio of 3.92 and a beta of 1.82. The company has a current ratio of 1.81, a quick ratio of 1.91 and a debt-to-equity ratio of 119.87.

Financial 15 Split Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Wednesday, December 10th will be paid a dividend of $0.1257 per share. This represents a c) dividend on an annualized basis and a yield of 13.0%. The ex-dividend date is Friday, November 28th. Financial 15 Split’s dividend payout ratio (DPR) is 46.56%.

About Financial 15 Split

The Companys investment objectives with respect to the Class A Shares are (a) to provide holders of Class A Shares with regular monthly cash distributions, in an amount to be determined by the Board of Directors; and (b) to permit such holders to participate in all growth in the Net Asset Value (as defined herein) of the Company above $10.00 per Unit (as defined herein), by paying such holders, on or about the Termination Date (as defined herein), such amounts as remain in the Company on the Termination Date after paying the Preferred Share Repayment Amount (as defined herein) to the holders of the Preferred Shares.