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

Financial 15 Split Corp. (TSE:FTN) declared a monthly dividend on Friday, May 29th, TickerTech Dividends reports. Shareholders of record on Wednesday, June 10th will be given a dividend of 0.1257 per share on Wednesday, June 10th. This represents a c) dividend on an annualized basis and a yield of 13.9%. The ex-dividend date is Friday, May 29th.

Financial 15 Split Price Performance

Shares of FTN opened at C$10.83 on Wednesday. The firm has a market capitalization of C$882.24 million, a PE ratio of 3.81 and a beta of 1.88. The company’s 50-day moving average is C$10.50 and its 200-day moving average is C$10.71. Financial 15 Split has a fifty-two week low of C$7.45 and a fifty-two week high of C$11.60. The company has a debt-to-equity ratio of 88.68, a current ratio of 0.21 and a quick ratio of 1.91.

About Financial 15 Split

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.