Financial 15 Split Corp. to Issue Monthly Dividend of $0.13 (TSE:FTN)

Financial 15 Split Corp. (TSE:FTN) declared a monthly dividend on Friday, May 29th, TickerTech Dividends reports. Stockholders of record on Wednesday, June 10th will be paid a dividend of 0.1257 per share on Wednesday, June 10th. This represents a c) annualized dividend and a dividend yield of 13.9%. The ex-dividend date of this dividend is Friday, May 29th.

Financial 15 Split Trading Down 0.2%

Shares of FTN stock opened at C$10.83 on Wednesday. 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 cap of C$882.24 million, a price-to-earnings ratio of 3.81 and a beta of 1.88. The stock has a 50 day simple moving average of C$10.50 and a 200-day simple moving average of C$10.71. Financial 15 Split has a 1-year low of C$7.45 and a 1-year high of C$11.60.

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.