Financial 15 Split (TSE:FTN) Stock Passes Below 200-Day Moving Average – Here’s What Happened

Financial 15 Split Corp. (TSE:FTN) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$11.13 and traded as low as C$11.11. Financial 15 Split shares last traded at C$11.58, with a volume of 323,460 shares.

Financial 15 Split Stock Up 4.2%

The company has a debt-to-equity ratio of 81.26, a quick ratio of 1.91 and a current ratio of 0.13. The stock has a market capitalization of C$902.86 million, a price-to-earnings ratio of 2.34 and a beta of 2.02. The firm’s fifty day simple moving average is C$12.28 and its 200 day simple moving average is C$11.13.

Financial 15 Split Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 10th were given a dividend of $0.1257 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 13.0%. Financial 15 Split’s dividend payout ratio is currently 26.12%.

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.