Financial 15 Split (TSE:FTN) Hits New 52-Week High – Time to Buy?

Financial 15 Split Corp. (TSE:FTN)’s share price hit a new 52-week high on Monday . The stock traded as high as C$12.13 and last traded at C$12.13, with a volume of 58934 shares traded. The stock had previously closed at C$12.01.

Financial 15 Split Trading Up 1.1%

The stock has a fifty day moving average of C$11.16 and a 200 day moving average of C$10.76. The company has a market capitalization of C$988.96 million, a P/E ratio of 4.69 and a beta of 2.01. The company has a debt-to-equity ratio of 88.68, a quick ratio of 1.91 and a current ratio of 0.21.

Financial 15 Split Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, June 10th were paid a $0.1257 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 12.4%. Financial 15 Split’s dividend payout ratio (DPR) is 44.91%.

Financial 15 Split Company Profile

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.