Financial 15 Split (TSE:FTN) Shares Pass Above Fifty Day Moving Average – Here’s Why

Financial 15 Split Corp. (TSE:FTN)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$10.39 and traded as high as C$10.67. Financial 15 Split shares last traded at C$10.66, with a volume of 131,192 shares traded.

Financial 15 Split Stock Up 0.4%

The stock has a fifty day moving average of C$10.44 and a 200 day moving average of C$10.71. The firm has a market capitalization of C$874.10 million, a P/E ratio of 3.77 and a beta of 1.88. The company has a debt-to-equity ratio of 88.68, a current ratio of 0.21 and a quick ratio of 1.91.

Financial 15 Split Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, June 10th will be issued a dividend of $0.1257 per share. This represents a c) dividend on an annualized basis and a yield of 14.1%. The ex-dividend date is Friday, May 29th. Financial 15 Split’s dividend payout ratio (DPR) is 44.91%.

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.