Financial 15 Split (TSE:FTN) Sets New 12-Month High – Here’s Why

Financial 15 Split Corp. (TSE:FTN) reached a new 52-week high on Monday . The stock traded as high as C$11.10 and last traded at C$11.00, with a volume of 66197 shares changing hands. The stock had previously closed at C$11.00.

Financial 15 Split Price Performance

The company’s 50-day moving average price is C$10.98 and its 200-day moving average price is C$10.46. The company has a quick ratio of 1.91, a current ratio of 1.81 and a debt-to-equity ratio of 119.87. The firm has a market cap of C$816.11 million, a price-to-earnings ratio of 4.12 and a beta of 1.82.

Financial 15 Split Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Wednesday, December 10th were given a dividend of $0.1257 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a c) dividend on an annualized basis and a dividend yield of 13.7%. Financial 15 Split’s dividend payout ratio is currently 46.56%.

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.