Financial 15 Split (TSE:FTN) Hits New 1-Year High – Should You Buy?

Shares of Financial 15 Split Corp. (TSE:FTN) hit a new 52-week high during trading on Monday . The stock traded as high as C$12.58 and last traded at C$12.58, with a volume of 20756 shares trading hands. The stock had previously closed at C$12.55.

Financial 15 Split Stock Up 2.2%

The business has a 50-day simple moving average of C$11.37 and a two-hundred day simple moving average of C$10.83. The stock has a market capitalization of C$1.04 billion, a P/E ratio of 4.95 and a beta of 2.01. 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 company also recently announced a monthly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, June 10th were paid a $0.1257 dividend. This represents a c) annualized dividend and a dividend yield of 11.8%. The ex-dividend date was Friday, May 29th. Financial 15 Split’s payout ratio is currently 44.91%.

Financial 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 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.