Dividend 15 Split Corp. (DFN) To Go Ex-Dividend on October 30th

Dividend 15 Split Corp. (TSE:DFN) announced a monthly dividend on Friday, October 30th. Stockholders of record on Tuesday, November 10th will be given a dividend of $0.10 per share on Tuesday, November 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 14.2%. The ex-dividend date of this dividend is Friday, October 30th.

Dividend 15 Split Price Performance

Shares of DFN opened at C$8.46 on Friday. The firm has a 50-day simple moving average of C$8.52 and a 200-day simple moving average of C$8.27. Dividend 15 Split has a fifty-two week low of C$6.43 and a fifty-two week high of C$9.67. The company has a debt-to-equity ratio of 114.53, a quick ratio of 1.75 and a current ratio of 0.15. The company has a market capitalization of C$1.36 billion, a price-to-earnings ratio of 2.17 and a beta of 1.49.

About Dividend 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 dividends targeted to be $0.10 per Class A Share; and (b) on or about the Termination Date (as defined herein), to pay holders of Class A Shares $15.00 per Class A Share, which was the issue price thereof on the initial public offering of the Company, through the redemption of each Class A Share held on the Termination Date. The assets of the Company are invested in an actively managed portfolio of common shares (the Portfolio) which primarily includes securities of the following 15 publicly traded Canadian companies (the Portfolio Companies), each of whose securities will generally represent no less than 4% and no more than 8% of the Net Asset Value of the Company: Bank of Montreal The Bank of Nova Scotia BCE Inc Canadian Imperial Bank of Commerce CI Financial Corp.