Financial 15 Split Corp. (TSE:FTN – Get Free Report) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$10.22 and traded as high as C$10.90. Financial 15 Split shares last traded at C$10.89, with a volume of 75,467 shares trading hands.
Financial 15 Split Stock Performance
The company has a market capitalization of C$806.48 million, a PE ratio of 3.83 and a beta of 1.88. The company has a quick ratio of 1.91, a current ratio of 0.21 and a debt-to-equity ratio of 88.68. The company has a 50-day moving average price of C$10.22 and a two-hundred day moving average price of C$10.69.
Financial 15 Split Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, May 8th will be given a dividend of $0.1257 per share. This represents a c) annualized dividend and a yield of 13.9%. The ex-dividend date is Thursday, April 30th. Financial 15 Split’s payout ratio is presently 44.91%.
Financial 15 Split Company Profile
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.
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