Financial 15 Split (TSE:FTN) Sets New 1-Year High – Here’s Why

Financial 15 Split Corp. (TSE:FTN)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as C$12.58 and last traded at C$12.58, with a volume of 20756 shares. The stock had previously closed at C$12.55.

Financial 15 Split Stock Up 0.2%

The firm has a market cap of C$1.02 billion, a price-to-earnings ratio of 4.86 and a beta of 2.01. The business has a fifty day simple moving average of C$11.30 and a 200 day simple moving average of C$10.81. The company has a debt-to-equity ratio of 88.68, a current ratio of 0.21 and a quick ratio of 1.91.

Financial 15 Split Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, June 10th were given a dividend of $0.1257 per share. This represents a c) annualized dividend and a dividend yield of 12.0%. The ex-dividend date was Friday, May 29th. Financial 15 Split’s 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.