Financial 15 Split (TSE:FTN) Hits New 1-Year High – What’s Next?

Shares of Financial 15 Split Corp. (TSE:FTN) hit a new 52-week high during trading on Friday . The stock traded as high as C$10.92 and last traded at C$10.92, with a volume of 243698 shares. The stock had previously closed at C$10.80.

Financial 15 Split Stock Up 1.4%

The company has a debt-to-equity ratio of 88.68, a quick ratio of 1.91 and a current ratio of 0.21. The stock has a market capitalization of C$892.02 million, a price-to-earnings ratio of 4.23 and a beta of 2.05. The firm’s fifty day simple moving average is C$10.78 and its 200 day simple moving average is C$10.69.

Financial 15 Split Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, June 10th were paid a dividend of $0.1257 per share. This represents a c) annualized dividend and a dividend yield of 13.8%. The ex-dividend date of this dividend was Friday, May 29th. Financial 15 Split’s dividend payout ratio (DPR) is currently 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.