Dividend 15 Split (TSE:DFN) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Dividend 15 Split Corp. (TSE:DFN) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$8.22 and traded as low as C$8.10. Dividend 15 Split shares last traded at C$8.55, with a volume of 901,231 shares trading hands.

Dividend 15 Split Trading Up 4.7%

The company has a market cap of C$1.37 billion, a P/E ratio of 2.19 and a beta of 2.03. The company has a quick ratio of 1.75, a current ratio of 0.15 and a debt-to-equity ratio of 114.53. The business has a 50-day moving average price of C$9.10 and a two-hundred day moving average price of C$8.22.

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.