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

Financial 15 Split Corp. (TSE:FTN) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$10.95 and last traded at C$10.93, with a volume of 201158 shares traded. The stock had previously closed at C$10.87.

Financial 15 Split Trading Up 0.5%

The firm’s 50-day simple moving average is C$10.94 and its 200 day simple moving average is C$10.39. The company has a debt-to-equity ratio of 119.87, a current ratio of 1.81 and a quick ratio of 1.91. The firm has a market capitalization of C$808.70 million, a price-to-earnings ratio of 4.08 and a beta of 1.82.

Financial 15 Split Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, December 10th. Investors of record on Wednesday, December 10th were given a dividend of $0.1257 per share. This represents a c) annualized dividend and a dividend yield of 13.8%. The ex-dividend date was Friday, November 28th. Financial 15 Split’s dividend payout ratio is currently 46.56%.

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.