Dividend 15 Split (TSE:DFN) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Dividend 15 Split Corp. (TSE:DFNGet Free Report) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$6.36 and traded as high as C$6.61. Dividend 15 Split shares last traded at C$6.61, with a volume of 357,350 shares trading hands.

Dividend 15 Split Price Performance

The firm has a 50 day simple moving average of C$6.36 and a 200-day simple moving average of C$5.88. The company has a quick ratio of 1.75, a current ratio of 1.51 and a debt-to-equity ratio of 190.85. The company has a market cap of C$822.53 million, a PE ratio of 6.13 and a beta of 1.73.

Dividend 15 Split Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, August 8th. Shareholders of record on Friday, August 8th were paid a $0.10 dividend. The ex-dividend date was Thursday, July 31st. This represents a c) dividend on an annualized basis and a yield of 18.2%. Dividend 15 Split’s dividend payout ratio (DPR) is 111.23%.

About Dividend 15 Split

(Get Free Report)

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.

Further Reading

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