Dividend 15 Split (TSE:DFN) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Dividend 15 Split Corp. (TSE:DFN)’s stock price crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of C$8.55 and traded as high as C$8.69. Dividend 15 Split shares last traded at C$8.69, with a volume of 323,467 shares.

Dividend 15 Split Price Performance

The company has a current ratio of 0.15, a quick ratio of 1.75 and a debt-to-equity ratio of 114.53. The firm’s 50 day simple moving average is C$8.54 and its two-hundred day simple moving average is C$8.54. The firm has a market cap of C$1.39 billion, a price-to-earnings ratio of 2.21 and a beta of 1.49.

Dividend 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 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.