Financial 15 Split (TSE:FTN) Reaches New 1-Year High – Here’s Why

Financial 15 Split Corp. (TSE:FTN)’s share price reached a new 52-week high on Tuesday . The company traded as high as C$12.10 and last traded at C$12.10, with a volume of 236137 shares trading hands. The stock had previously closed at C$12.00.

Financial 15 Split Price Performance

The stock has a fifty day moving average of C$11.08 and a two-hundred day moving average of C$10.75. The stock has a market cap of C$985.70 million, a price-to-earnings ratio of 4.68 and a beta of 2.05. The company has a quick ratio of 1.91, a current ratio of 0.21 and a debt-to-equity ratio of 88.68.

Financial 15 Split Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, June 10th were given a dividend of $0.1257 per share. This represents a c) annualized dividend and a dividend yield of 12.5%. The ex-dividend date was Friday, May 29th. Financial 15 Split’s payout ratio is presently 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.