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

Financial 15 Split Corp. (TSE:FTN) declared a monthly dividend on Tuesday, March 31st, TickerTech Dividends reports. Investors of record on Friday, April 10th will be given a dividend of 0.1257 per share on Friday, April 10th. This represents a c) annualized dividend and a dividend yield of 15.5%. The ex-dividend date of this dividend is Tuesday, March 31st.

Financial 15 Split Stock Up 0.5%

Shares of Financial 15 Split stock opened at C$9.73 on Wednesday. Financial 15 Split has a twelve month low of C$5.58 and a twelve month high of C$11.12. The stock has a market cap of C$720.57 million, a price-to-earnings ratio of 3.42 and a beta of 1.86. The company has a current ratio of 0.21, a quick ratio of 1.91 and a debt-to-equity ratio of 88.68. The company has a fifty day moving average price of C$10.35 and a 200 day moving average price of C$10.74.

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.