Financial 15 Split Corp. (TSE:FTN) Announces $0.13 Monthly Dividend

Financial 15 Split Corp. (TSE:FTN) announced a monthly dividend on Friday, November 28th, TickerTech Dividends reports. Stockholders of record on Wednesday, December 10th will be paid a dividend of 0.1257 per share on Wednesday, December 10th. This represents a c) dividend on an annualized basis and a dividend yield of 13.6%. The ex-dividend date is Friday, November 28th.

Financial 15 Split Stock Performance

FTN opened at C$11.12 on Friday. The company has a quick ratio of 1.91, a current ratio of 1.81 and a debt-to-equity ratio of 119.87. The firm has a market cap of C$758.02 million, a PE ratio of 3.78 and a beta of 1.81. The business has a fifty day simple moving average of C$10.90 and a 200-day simple moving average of C$10.15. Financial 15 Split has a fifty-two week low of C$6.14 and a fifty-two week high of C$11.15.

About Financial 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 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.