Financial 15 Split Corp. (TSE:FTN – Get Free Report) shares reached a new 52-week high on Friday . The company traded as high as C$10.92 and last traded at C$10.92, with a volume of 243698 shares. The stock had previously closed at C$10.80.
Financial 15 Split Stock Performance
The company has a debt-to-equity ratio of 88.68, a current ratio of 0.21 and a quick ratio of 1.91. The firm has a market capitalization of C$888.76 million, a P/E ratio of 4.22 and a beta of 2.05. The stock’s 50 day moving average is C$10.76 and its two-hundred day moving average is C$10.69.
Financial 15 Split Announces Dividend
The company also recently announced a monthly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, June 10th were issued a $0.1257 dividend. The ex-dividend date was Friday, May 29th. This represents a c) annualized dividend and a yield of 13.8%. Financial 15 Split’s dividend payout ratio (DPR) is 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.
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