Financial 15 Split (TSE:FTN) Reaches New 52-Week High – Time to Buy?

Financial 15 Split Corp. (TSE:FTN)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as C$11.94 and last traded at C$11.93, with a volume of 101185 shares changing hands. The stock had previously closed at C$11.89.

Financial 15 Split Stock Up 0.3%

The company has a debt-to-equity ratio of 88.68, a current ratio of 0.21 and a quick ratio of 1.91. The company has a market capitalization of C$972.67 million, a price-to-earnings ratio of 4.62 and a beta of 2.05. The firm has a 50-day moving average price of C$11.03 and a two-hundred day moving average price of C$10.73.

Financial 15 Split Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, June 10th were paid a $0.1257 dividend. The ex-dividend date was Friday, May 29th. This represents a c) annualized dividend and a yield of 12.6%. Financial 15 Split’s payout ratio is presently 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.