Financial 15 Split (TSE:FTN) Stock Passes Above 50-Day Moving Average – Should You Sell?

Financial 15 Split Corp. (TSE:FTN)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$10.76 and traded as high as C$10.82. Financial 15 Split shares last traded at C$10.80, with a volume of 268,965 shares.

Financial 15 Split Price Performance

The company has a 50-day simple moving average of C$10.78 and a 200-day simple moving average of C$10.69. The stock has a market cap of C$892.02 million, a PE ratio of 4.23 and a beta of 2.05. The company has a debt-to-equity ratio of 88.68, a current ratio of 0.21 and a quick ratio of 1.91.

Financial 15 Split Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, June 10th were given a $0.1257 dividend. The ex-dividend date was Friday, May 29th. This represents a c) annualized dividend and a yield of 13.8%. Financial 15 Split’s dividend payout ratio is presently 44.91%.

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.