Financial 15 Split (TSE:FTN) Reaches New 52-Week High – Here’s Why

Financial 15 Split Corp. (TSE:FTN) shares reached a new 52-week high on Friday . The stock traded as high as C$10.92 and last traded at C$10.92, with a volume of 243698 shares traded. The stock had previously closed at C$10.80.

Financial 15 Split Price Performance

The company’s 50-day moving average price is C$10.76 and its 200-day moving average price is C$10.69. The company has a debt-to-equity ratio of 88.68, a current ratio of 0.21 and a quick ratio of 1.91. The company has a market cap of C$888.76 million, a P/E ratio of 4.22 and a beta of 2.05.

Financial 15 Split Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, June 10th were given a dividend of $0.1257 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 13.8%. Financial 15 Split’s dividend payout ratio is currently 44.91%.

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.