Dividend 15 Split (TSE:DFN) Stock Price Passes Below 50-Day Moving Average – Should You Sell?

Shares of Dividend 15 Split Corp. (TSE:DFN) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$7.70 and traded as low as C$7.00. Dividend 15 Split shares last traded at C$7.42, with a volume of 1,316,541 shares changing hands.

Dividend 15 Split Trading Down 3.5%

The stock has a market capitalization of C$1.05 billion, a price-to-earnings ratio of 3.06 and a beta of 0.44. The company’s 50-day moving average is C$7.69 and its 200-day moving average is C$7.24. The company has a quick ratio of 1.75, a current ratio of 0.17 and a debt-to-equity ratio of 131.30.

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. The assets of the Company are invested in an actively managed portfolio of common shares (the Portfolio) which primarily includes securities of the following 15 publicly traded Canadian companies (the Portfolio Companies), each of whose securities will generally represent no less than 4% and no more than 8% of the Net Asset Value of the Company: Bank of Montreal The Bank of Nova Scotia BCE Inc Canadian Imperial Bank of Commerce CI Financial Corp.