Dividend 15 Split (TSE:DFN) Share Price Passes Above 50-Day Moving Average – Here’s What Happened

Dividend 15 Split Corp. (TSE:DFN) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$7.53 and traded as high as C$7.97. Dividend 15 Split shares last traded at C$7.89, with a volume of 574,035 shares trading hands.

Dividend 15 Split Price Performance

The company has a market capitalization of C$1.16 billion, a PE ratio of 3.39 and a beta of 0.36. The company has a debt-to-equity ratio of 190.85, a quick ratio of 1.75 and a current ratio of 1.51. The stock has a 50 day moving average price of C$7.53 and a two-hundred day moving average price of C$7.04.

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.