Financial 15 Split (TSE:FTN) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

Financial 15 Split Corp. (TSE:FTN) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$11.00 and traded as high as C$11.00. Financial 15 Split shares last traded at C$10.90, with a volume of 200,466 shares.

Financial 15 Split Price Performance

The stock has a market cap of C$807.22 million, a price-to-earnings ratio of 4.07 and a beta of 1.95. The company has a 50 day simple moving average of C$11.00 and a 200-day simple moving average of C$10.67. The company has a current ratio of 1.81, a quick ratio of 1.91 and a debt-to-equity ratio of 119.87.

Financial 15 Split Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Wednesday, December 10th. Investors of record on Wednesday, December 10th were given a $0.1257 dividend. This represents a c) dividend on an annualized basis and a yield of 13.8%. The ex-dividend date of this dividend was Friday, November 28th. Financial 15 Split’s dividend payout ratio (DPR) is currently 46.56%.

Financial 15 Split Company Profile

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.