Financial 15 Split (TSE:FTN) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Shares of Financial 15 Split Corp. (TSE:FTN) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$11.00 and traded as high as C$11.03. Financial 15 Split shares last traded at C$10.97, with a volume of 195,199 shares trading hands.

Financial 15 Split Price Performance

The firm has a 50-day simple moving average of C$11.00 and a 200-day simple moving average of C$10.76. The firm has a market cap of C$812.41 million, a P/E ratio of 4.10 and a beta of 2.03. The company has a current ratio of 1.81, a quick ratio of 1.91 and a debt-to-equity ratio of 119.87.

Financial 15 Split Announces Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Wednesday, December 10th were paid a $0.1257 dividend. This represents a c) annualized dividend and a yield of 13.8%. The ex-dividend date was Friday, November 28th. Financial 15 Split’s payout ratio is 46.56%.

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.