Financial 15 Split (TSE:FTN) Sets New 52-Week High – What’s Next?

Financial 15 Split Corp. (TSE:FTN)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$12.58 and last traded at C$12.58, with a volume of 20756 shares trading hands. The stock had previously closed at C$12.55.

Financial 15 Split Stock Performance

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 firm has a fifty day moving average price of C$11.30 and a 200 day moving average price of C$10.81. The firm has a market cap of C$1.02 billion, a PE ratio of 4.86 and a beta of 2.01.

Financial 15 Split Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, June 10th were issued a $0.1257 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 12.0%. Financial 15 Split’s dividend payout ratio is currently 44.91%.

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.