Financial 15 Split Corp. (FTN) to Issue Monthly Dividend of $0.13 on June 10th

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 paid a dividend of 0.1257 per share on Wednesday, June 10th. This represents a c) annualized dividend and a yield of 13.9%. The ex-dividend date is Friday, May 29th.

Financial 15 Split Price Performance

FTN stock opened at C$10.83 on Wednesday. The company has a debt-to-equity ratio of 88.68, a quick ratio of 1.91 and a current ratio of 0.21. The firm has a 50 day moving average price of C$10.50 and a 200-day moving average price of C$10.71. Financial 15 Split has a 52-week low of C$7.45 and a 52-week high of C$11.60. The firm has a market capitalization of C$882.24 million, a price-to-earnings ratio of 3.81 and a beta of 1.88.

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.