Financial 15 Split (TSE:FTN) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Shares of Financial 15 Split Corp. (TSE:FTN) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$11.15 and traded as low as C$11.13. Financial 15 Split shares last traded at C$11.14, with a volume of 92,719 shares trading hands.

Financial 15 Split Trading Down 0.7%

The firm has a 50 day simple moving average of C$11.14 and a 200 day simple moving average of C$11.15. The company has a current ratio of 0.13, a quick ratio of 1.91 and a debt-to-equity ratio of 81.26. The firm has a market capitalization of C$868.55 million, a PE ratio of 2.14 and a beta of 1.54.

Financial 15 Split Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, September 10th were paid a $0.1257 dividend. The ex-dividend date was Monday, August 31st. This represents a $1.51 annualized dividend and a dividend yield of 13.5%. Financial 15 Split’s payout ratio is currently 24.82%.

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.