Financial 15 Split (TSE:FTN) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Financial 15 Split Corp. (TSE:FTN) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$10.80 and traded as high as C$10.95. Financial 15 Split shares last traded at C$10.87, with a volume of 207,024 shares trading hands.

Financial 15 Split Trading Down 0.4%

The business has a 50 day moving average of C$10.80 and a 200-day moving average of C$9.84. The company has a current ratio of 1.81, a quick ratio of 1.91 and a debt-to-equity ratio of 119.87. The firm has a market capitalization of C$740.98 million, a P/E ratio of 3.69 and a beta of 1.76.

Financial 15 Split Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 10th. Investors of record on Monday, November 10th will be paid a dividend of $0.1257 per share. This represents a c) dividend on an annualized basis and a yield of 13.9%. The ex-dividend date of this dividend is Friday, October 31st. Financial 15 Split’s dividend payout ratio is presently 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.