Financial 15 Split Corp. (TSE:FTN) Plans $0.13 Monthly Dividend

Financial 15 Split Corp. (TSE:FTN) declared a monthly dividend on Friday, July 31st, TickerTech Dividends reports. Shareholders of record on Monday, August 10th will be given a dividend of 0.1257 per share on Monday, August 10th. This represents a c) annualized dividend and a yield of 11.6%. The ex-dividend date is Friday, July 31st.

Financial 15 Split Stock Performance

Shares of FTN stock opened at C$12.97 on Wednesday. The company has a market capitalization of C$1.06 billion, a P/E ratio of 5.01 and a beta of 2.01. Financial 15 Split has a 12-month low of C$7.85 and a 12-month high of C$13.18. The company has a quick ratio of 1.91, a current ratio of 0.13 and a debt-to-equity ratio of 81.26. The firm has a 50-day moving average price of C$11.72 and a 200 day moving average price of C$10.97.

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.