Dividend 15 Split Corp. (TSE:DFN – Get Free Report)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$7.57 and traded as high as C$7.94. Dividend 15 Split shares last traded at C$7.92, with a volume of 469,424 shares trading hands.
Dividend 15 Split Price Performance
The stock has a market capitalization of C$1.18 billion, a PE ratio of 4.17 and a beta of 1.80. The company has a debt-to-equity ratio of 131.30, a current ratio of 0.17 and a quick ratio of 1.75. The firm’s 50 day simple moving average is C$7.57 and its 200 day simple moving average is C$7.51.
Dividend 15 Split Dividend Announcement
The firm also recently disclosed a monthly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, May 8th were issued a $0.10 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 15.2%. The ex-dividend date was Thursday, April 30th. Dividend 15 Split’s payout ratio is presently 63.16%.
About Dividend 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 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. The assets of the Company are invested in an actively managed portfolio of common shares (the Portfolio) which primarily includes securities of the following 15 publicly traded Canadian companies (the Portfolio Companies), each of whose securities will generally represent no less than 4% and no more than 8% of the Net Asset Value of the Company: Bank of Montreal The Bank of Nova Scotia BCE Inc Canadian Imperial Bank of Commerce CI Financial Corp.
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