Financial 15 Split Corp. Announces Monthly Dividend of $0.13 (TSE:FTN)

Financial 15 Split Corp. (TSE:FTN) announced a monthly dividend on Monday, August 31st, TickerTech Dividends reports. Shareholders of record on Thursday, September 10th will be paid a dividend of 0.1257 per share on Thursday, September 10th. This represents a c) annualized dividend and a yield of 12.7%. The ex-dividend date is Monday, August 31st.

Financial 15 Split Price Performance

Shares of FTN stock opened at C$11.87 on Friday. The company has a debt-to-equity ratio of 81.26, a current ratio of 0.13 and a quick ratio of 1.91. The firm has a market cap of C$925.47 million, a price-to-earnings ratio of 2.40 and a beta of 2.02. Financial 15 Split has a one year low of C$8.32 and a one year high of C$13.18. The stock’s fifty day simple moving average is C$12.31 and its 200 day simple moving average is C$11.17.

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.