Dividend 15 Split (TSE:DFN) Shares Cross Above 50 Day Moving Average – Time to Sell?

Dividend 15 Split Corp. (TSE:DFN)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$7.81 and traded as high as C$8.27. Dividend 15 Split shares last traded at C$8.22, with a volume of 268,703 shares trading hands.

Dividend 15 Split Stock Performance

The firm’s 50 day moving average price is C$7.81 and its two-hundred day moving average price is C$7.61. The company has a debt-to-equity ratio of 131.30, a quick ratio of 1.75 and a current ratio of 0.17. The firm has a market cap of C$1.22 billion, a PE ratio of 4.33 and a beta of 1.80.

Dividend 15 Split Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, May 8th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 14.6%. Dividend 15 Split’s dividend payout ratio is 63.16%.

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.