Financial 15 Split (TSE:FTN) Reaches New 12-Month High – Here’s Why

Financial 15 Split Corp. (TSE:FTN)’s share price hit a new 52-week high on Tuesday . The company traded as high as C$12.10 and last traded at C$12.10, with a volume of 236137 shares trading hands. The stock had previously closed at C$12.00.

Financial 15 Split Stock Performance

The company has a fifty day moving average of C$11.12 and a 200-day moving average of C$10.75. The company has a current ratio of 0.21, a quick ratio of 1.91 and a debt-to-equity ratio of 88.68. The company has a market capitalization of C$974.30 million, a price-to-earnings ratio of 4.62 and a beta of 2.05.

Financial 15 Split Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, June 10th were paid a $0.1257 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 12.6%. Financial 15 Split’s payout ratio is currently 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.