Financial 15 Split (TSE:FTN) Sets New 52-Week High – Time to Buy?

Financial 15 Split Corp. (TSE:FTN)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as C$11.10 and last traded at C$11.08, with a volume of 97194 shares. The stock had previously closed at C$11.00.

Financial 15 Split Trading Up 0.5%

The company has a market capitalization of C$822.03 million, a P/E ratio of 4.15 and a beta of 1.95. The company has a debt-to-equity ratio of 119.87, a current ratio of 1.81 and a quick ratio of 1.91. The firm has a fifty day moving average price of C$10.99 and a 200-day moving average price of C$10.57.

Financial 15 Split Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Wednesday, December 10th were given a $0.1257 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a c) annualized dividend and a yield of 13.6%. Financial 15 Split’s 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.