Dividend 15 Split (TSE:DFN) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Dividend 15 Split Corp. (TSE:DFN)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$6.91 and traded as high as C$7.20. Dividend 15 Split shares last traded at C$7.17, with a volume of 284,884 shares.

Dividend 15 Split Trading Down 0.1%

The company has a quick ratio of 1.75, a current ratio of 1.51 and a debt-to-equity ratio of 190.85. The firm has a 50 day moving average of C$6.91 and a 200 day moving average of C$6.47. The firm has a market cap of C$959.98 million, a PE ratio of 3.08 and a beta of 1.87.

Dividend 15 Split Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, November 10th. Stockholders of record on Monday, November 10th were given a dividend of $0.10 per share. This represents a c) dividend on an annualized basis and a dividend yield of 16.7%. The ex-dividend date of this dividend was Friday, October 31st. Dividend 15 Split’s dividend payout ratio is currently 47.21%.

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.