Financial 15 Split Corp. (TSE:FTN) Plans $0.13 Monthly Dividend

Financial 15 Split Corp. (TSE:FTN) announced a monthly dividend on Tuesday, March 31st, TickerTech Dividends reports. Stockholders of record on Friday, April 10th will be given a dividend of 0.1257 per share on Friday, April 10th. This represents a c) dividend on an annualized basis and a dividend yield of 15.6%. The ex-dividend date is Tuesday, March 31st.

Financial 15 Split Stock Up 0.3%

Shares of TSE:FTN opened at C$9.68 on Tuesday. The firm has a market capitalization of C$716.87 million, a PE ratio of 3.40 and a beta of 1.86. The company has a debt-to-equity ratio of 88.68, a quick ratio of 1.91 and a current ratio of 0.21. Financial 15 Split has a 52-week low of C$5.58 and a 52-week high of C$11.12. The firm has a fifty day moving average of C$10.37 and a 200 day moving average of C$10.75.

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.