Financial 15 Split (TSE:FTN) Sets New 12-Month High – Here’s Why

Shares of Financial 15 Split Corp. (TSE:FTN) hit a new 52-week high during trading on Thursday . The company traded as high as C$10.75 and last traded at C$10.70, with a volume of 129404 shares traded. The stock had previously closed at C$10.66.

Financial 15 Split Stock Performance

The firm’s 50 day moving average price is C$10.39 and its two-hundred day moving average price is C$10.71. The firm has a market cap of C$870.02 million, a PE ratio of 3.75 and a beta of 1.88. The company has a debt-to-equity ratio of 88.68, a quick ratio of 1.91 and a current ratio of 0.21.

Financial 15 Split Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, May 8th. Investors of record on Friday, May 8th were given a $0.1257 dividend. This represents a c) annualized dividend and a yield of 14.1%. The ex-dividend date was Thursday, April 30th. Financial 15 Split’s dividend payout ratio is presently 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.