Financial 15 Split (TSE:FTN) Reaches New 52-Week High – Time to Buy?

Shares of Financial 15 Split Corp. (TSE:FTN) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$10.75 and last traded at C$10.70, with a volume of 129404 shares trading hands. The stock had previously closed at C$10.66.

Financial 15 Split Price Performance

The firm has a market cap of C$874.10 million, a price-to-earnings ratio of 3.77 and a beta of 1.88. The company has a debt-to-equity ratio of 88.68, a quick ratio of 1.91 and a current ratio of 0.21. The business has a 50 day simple moving average of C$10.44 and a 200-day simple moving average of C$10.71.

Financial 15 Split Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, June 10th will be given a dividend of $0.1257 per share. This represents a c) dividend on an annualized basis and a dividend yield of 14.1%. The ex-dividend date of this dividend is Friday, May 29th. Financial 15 Split’s dividend payout ratio (DPR) is presently 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.