Dividend 15 Split Corp. (TSE:DFN) Shareholders to Receive $0.10 Monthly Dividend

Dividend 15 Split Corp. (TSE:DFN) announced a monthly dividend on Friday, October 30th. Investors of record on Tuesday, November 10th will be given a dividend of $0.10 per share on Tuesday, November 10th. This represents a $1.20 dividend on an annualized basis and a yield of 13.8%. The ex-dividend date is Friday, October 30th.

Dividend 15 Split Price Performance

Shares of DFN opened at C$8.67 on Friday. The company has a current ratio of 0.15, a quick ratio of 1.75 and a debt-to-equity ratio of 114.53. Dividend 15 Split has a 1 year low of C$6.43 and a 1 year high of C$9.67. The stock has a market cap of C$1.39 billion, a P/E ratio of 2.22 and a beta of 1.49. The stock’s 50-day moving average price is C$8.52 and its two-hundred day moving average price is C$8.27.

Dividend 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 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.