Financial 15 Split (TSE:FTN) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Financial 15 Split Corp. (TSE:FTN)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$11.53 and traded as high as C$13.00. Financial 15 Split shares last traded at C$12.63, with a volume of 238,154 shares traded.

Financial 15 Split Price Performance

The company has a debt-to-equity ratio of 88.68, a current ratio of 0.21 and a quick ratio of 1.91. The stock has a 50 day moving average price of C$11.53 and a two-hundred day moving average price of C$10.89. The firm has a market capitalization of C$1.03 billion, a price-to-earnings ratio of 4.88 and a beta of 2.01.

Financial 15 Split Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 10th. Investors of record on Monday, August 10th will be issued a dividend of $0.1257 per share. This represents a c) dividend on an annualized basis and a yield of 11.9%. The ex-dividend date is Friday, July 31st. Financial 15 Split’s dividend payout ratio (DPR) is 44.91%.

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.