Dividend 15 Split (TSE:DFN) Sets New 1-Year High – Still a Buy?

Dividend 15 Split Corp. (TSE:DFN)’s share price reached a new 52-week high on Monday . The company traded as high as C$8.98 and last traded at C$8.98, with a volume of 83617 shares. The stock had previously closed at C$8.89.

Dividend 15 Split Price Performance

The firm has a 50-day simple moving average of C$8.33 and a 200-day simple moving average of C$7.85. The firm has a market cap of C$1.36 billion, a P/E ratio of 4.79 and a beta of 2.00. The company has a current ratio of 0.17, a quick ratio of 1.75 and a debt-to-equity ratio of 131.30.

Dividend 15 Split Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, May 8th. Investors of record on Friday, May 8th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 13.2%. Dividend 15 Split’s dividend payout ratio (DPR) is presently 63.16%.

About Dividend 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 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.