Dividend 15 Split (TSE:DFN) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Dividend 15 Split Corp. (TSE:DFN)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$7.08 and traded as high as C$7.28. Dividend 15 Split shares last traded at C$7.26, with a volume of 248,470 shares changing hands.

Dividend 15 Split Trading Up 0.1%

The firm has a market cap of C$1.07 billion, a P/E ratio of 3.12 and a beta of 0.07. The company has a current ratio of 1.51, a quick ratio of 1.75 and a debt-to-equity ratio of 190.85. The company’s fifty day moving average price is C$7.09 and its two-hundred day moving average price is C$6.65.

Dividend 15 Split Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, November 10th. Stockholders of record on Monday, November 10th were paid a $0.10 dividend. The ex-dividend date was Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 16.5%. Dividend 15 Split’s payout ratio is 47.21%.

About Dividend 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 dividends targeted to be $0.10 per Class A Share; and (b) on or about the Termination Date (as defined herein), to pay holders of Class A Shares $15.00 per Class A Share, which was the issue price thereof on the initial public offering of the Company, through the redemption of each Class A Share held on the Termination Date.