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

Dividend 15 Split Corp. (TSE:DFNGet Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$6.81 and traded as high as C$7.11. Dividend 15 Split shares last traded at C$7.09, with a volume of 573,471 shares changing hands.

Dividend 15 Split Price Performance

The company’s fifty day moving average is C$6.81 and its 200 day moving average is C$6.37. 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 stock has a market cap of C$949.27 million, a PE ratio of 3.04 and a beta of 1.87.

Dividend 15 Split Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 10th. Investors of record on Monday, November 10th will be issued a $0.10 dividend. The ex-dividend date is Friday, October 31st. This represents a c) annualized dividend and a yield of 16.9%. Dividend 15 Split’s dividend payout ratio (DPR) is presently 47.21%.

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.

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