Financial 15 Split (TSE:FTN) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Financial 15 Split Corp. (TSE:FTN) shares passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$11.15 and traded as high as C$11.22. Financial 15 Split shares last traded at C$11.18, with a volume of 250,532 shares traded.

Financial 15 Split Trading Up 0.5%

The company has a 50-day simple moving average of C$11.17 and a 200-day simple moving average of C$11.15. The stock has a market cap of C$835.03 million, a P/E ratio of 2.06 and a beta of 1.54. The company has a debt-to-equity ratio of 81.26, a quick ratio of 1.91 and a current ratio of 0.13.

Financial 15 Split Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, September 10th. Shareholders of record on Thursday, September 10th were paid a $0.1257 dividend. This represents a $1.51 annualized dividend and a yield of 14.1%. The ex-dividend date was Monday, August 31st. Financial 15 Split’s payout ratio is presently 24.82%.

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.