Dividend 15 Split Corp. (TSE:DFN – Get Free Report)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$7.92 and traded as high as C$8.30. Dividend 15 Split shares last traded at C$8.29, with a volume of 361,475 shares trading hands.
Dividend 15 Split Stock Performance
The stock has a market capitalization of C$1.23 billion, a price-to-earnings ratio of 4.36 and a beta of 0.50. The company’s fifty day simple moving average is C$7.92 and its 200 day simple moving average is C$7.66. The company has a quick ratio of 1.75, a current ratio of 0.17 and a debt-to-equity ratio of 131.30.
Dividend 15 Split Announces Dividend
The firm also recently declared a monthly dividend, which was paid on Friday, May 8th. Investors of record on Friday, May 8th were paid a $0.10 dividend. The ex-dividend date was Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 14.5%. Dividend 15 Split’s dividend payout ratio is 63.16%.
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.
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