Financial 15 Split (TSE:FTN) Sets New 1-Year High – Here’s Why

Shares of Financial 15 Split Corp. (TSE:FTN) hit a new 52-week high during trading on Monday . The company traded as high as C$12.13 and last traded at C$12.13, with a volume of 58934 shares. The stock had previously closed at C$12.01.

Financial 15 Split Price Performance

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 firm’s fifty day moving average price is C$11.16 and its two-hundred day moving average price is C$10.76. The stock has a market capitalization of C$988.96 million, a PE ratio of 4.69 and a beta of 2.01.

Financial 15 Split Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, June 10th were paid a dividend of $0.1257 per share. The ex-dividend date was Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 12.4%. Financial 15 Split’s payout ratio 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.