Dividend 15 Split (TSE:DFN) Sets New 52-Week High – Still a Buy?

Dividend 15 Split Corp. (TSE:DFN)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$8.98 and last traded at C$8.98, with a volume of 83617 shares traded. The stock had previously closed at C$8.89.

Dividend 15 Split Price Performance

The company has a current ratio of 0.17, a quick ratio of 1.75 and a debt-to-equity ratio of 131.30. The stock has a market cap of C$1.34 billion, a PE ratio of 4.73 and a beta of 2.00. The business has a 50-day moving average price of C$8.28 and a 200 day moving average price of C$7.83.

Dividend 15 Split Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, May 8th were given a dividend of $0.10 per share. This represents a c) dividend on an annualized basis and a yield of 13.3%. The ex-dividend date was Thursday, April 30th. Dividend 15 Split’s dividend payout ratio (DPR) is currently 63.16%.

Dividend 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 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.