Financial 15 Split Corp. Announces Monthly Dividend of $0.13 (TSE:FTN)

Financial 15 Split Corp. (TSE:FTN) declared a monthly dividend on Friday, July 31st, TickerTech Dividends reports. Shareholders of record on Monday, August 10th will be paid a dividend of 0.1257 per share on Monday, August 10th. This represents a c) dividend on an annualized basis and a yield of 11.6%. The ex-dividend date of this dividend is Friday, July 31st.

Financial 15 Split Stock Up 0.2%

FTN stock opened at C$12.97 on Wednesday. The company has a debt-to-equity ratio of 81.26, a current ratio of 0.13 and a quick ratio of 1.91. The stock has a market capitalization of C$1.06 billion, a price-to-earnings ratio of 5.01 and a beta of 2.01. The business’s fifty day moving average price is C$11.72 and its two-hundred day moving average price is C$10.97. Financial 15 Split has a fifty-two week low of C$7.85 and a fifty-two week high of C$13.18.

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.