S Split Corp. (SBN) Declares Monthly Dividend of $0.04
S Split Corp. (TSE:SBN) announced a monthly dividend on Wednesday, September 6th, Zacks reports. Shareholders of record on Friday, September 15th will be paid a dividend of 0.043 per share on Friday, September 29th. This represents a $0.52 annualized dividend and a dividend yield of 7.02%. The ex-dividend date of this dividend is Thursday, September 14th.
Shares of S Split Corp. (TSE:SBN) remained flat at $7.35 during midday trading on Thursday. The company’s stock had a trading volume of 1,017 shares. S Split Corp. has a 52 week low of $5.80 and a 52 week high of $8.34. The firm’s 50 day moving average price is $7.39 and its 200 day moving average price is $7.41.
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S Split Corp. Company Profile
S Split Corp. (the Fund) is a Canada-based mutual fund corporation. The Fund’s investment objectives for the Preferred Shares are to provide holders of Preferred shares with fixed cumulative preferential monthly cash distributions in the amount of over $0.04 per Preferred share representing a yield on the issue price of the Preferred shares of approximately 5.25% per annum and to return the issue price of over $10 per Preferred share to holders of Preferred shares upon termination of the Fund.
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