Financial 15 Split (TSE:FTN) Sets New 52-Week High – Here’s Why

Financial 15 Split Corp. (TSE:FTN)’s stock 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. The stock had previously closed at C$11.89.

Financial 15 Split Price Performance

The company has a current ratio of 0.21, a quick ratio of 1.91 and a debt-to-equity ratio of 88.68. The firm has a market cap of C$970.22 million, a P/E ratio of 4.60 and a beta of 2.05. The firm has a 50-day simple moving average of C$10.98 and a 200-day simple moving average of C$10.72.

Financial 15 Split Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, June 10th were paid a dividend of $0.1257 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.7%. The ex-dividend date was Friday, May 29th. Financial 15 Split’s dividend payout ratio is 44.91%.

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.