Financial 15 Split (TSE:FTN) Sets New 52-Week High – Here’s Why

Financial 15 Split Corp. (TSE:FTN)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$11.10 and last traded at C$11.00, with a volume of 66197 shares traded. The stock had previously closed at C$11.00.

Financial 15 Split Price Performance

The business has a 50-day simple moving average of C$10.98 and a 200 day simple moving average of C$10.49. The stock has a market cap of C$814.63 million, a P/E ratio of 4.11 and a beta of 1.82. The company has a current ratio of 1.81, a quick ratio of 1.91 and a debt-to-equity ratio of 119.87.

Financial 15 Split Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Wednesday, December 10th. Investors of record on Wednesday, December 10th were issued a $0.1257 dividend. The ex-dividend date was Friday, November 28th. This represents a c) annualized dividend and a yield of 13.7%. Financial 15 Split’s dividend payout ratio is presently 46.56%.

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.