Financial 15 Split (TSE:FTN) Sets New 12-Month High – Here’s Why

Financial 15 Split Corp. (TSE:FTN)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$10.75 and last traded at C$10.70, with a volume of 129404 shares. The stock had previously closed at C$10.66.

Financial 15 Split Stock Performance

The firm’s fifty day moving average is C$10.39 and its 200-day moving average is C$10.71. 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 stock has a market capitalization of C$870.02 million, a PE ratio of 3.75 and a beta of 1.88.

Financial 15 Split Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, May 8th were given a dividend of $0.1257 per share. The ex-dividend date was Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 14.1%. Financial 15 Split’s dividend payout ratio (DPR) 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.