Dividend 15 Split (TSE:DFN) Sets New 52-Week High – Here’s Why

Dividend 15 Split Corp. (TSE:DFN) hit a new 52-week high on Monday . The stock traded as high as C$8.96 and last traded at C$8.93, with a volume of 607676 shares traded. The stock had previously closed at C$8.92.

Dividend 15 Split Stock Performance

The company has a market cap of C$1.32 billion, a price-to-earnings ratio of 4.65 and a beta of 0.50. 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 fifty day moving average price is C$8.22 and its 200-day moving average price is C$7.80.

Dividend 15 Split Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, May 8th were paid a dividend of $0.10 per share. This represents a c) dividend on an annualized basis and a yield of 13.6%. The ex-dividend date of this dividend 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.