Financial 15 Split (TSE:FTN) Stock Crosses Above 200-Day Moving Average – Here’s Why

Financial 15 Split Corp. (TSE:FTN) shares crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of C$11.15 and traded as high as C$11.22. Financial 15 Split shares last traded at C$11.18, with a volume of 250,532 shares trading hands.

Financial 15 Split Stock Up 2.6%

The company’s fifty day simple moving average is C$11.22 and its 200 day simple moving average is C$11.15. The company has a quick ratio of 1.91, a current ratio of 0.13 and a debt-to-equity ratio of 81.26. The firm has a market capitalization of C$871.67 million, a PE ratio of 2.15 and a beta of 1.77.

Financial 15 Split Announces Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, September 10th. Shareholders of record on Thursday, September 10th were issued a $0.1257 dividend. This represents a $1.51 annualized dividend and a yield of 13.5%. The ex-dividend date of this dividend was Monday, August 31st. Financial 15 Split’s payout ratio is 24.82%.

About Financial 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 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.