Dividend 15 Split Corp. to Issue Monthly Dividend of $0.10 (TSE:DFN)

Key Points

• Dividend 15 Split Corp. has declared a monthly dividend of $0.10 per share, which equates to an annualized dividend of $1.20 and a high dividend yield of 18.18%.
• The stock is currently trading at C$6.60, with a one-year price range of C$4.52 to C$6.72, and a market capitalization of C$821.28 million.
• Shareholders of record as of August 8th will be eligible for the dividend, which was declared with an ex-dividend date of July 31st.

Dividend 15 Split Corp. (TSE:DFN - Get Free Report) announced a monthly dividend on Thursday, July 31st, TickerTech Dividends reports. Stockholders of record on Friday, August 8th will be paid a dividend of 0.10 per share on Friday, August 8th. This represents a c) dividend on an annualized basis and a dividend yield of 18.8%. The ex-dividend date of this dividend is Thursday, July 31st.

Dividend 15 Split Trading Down 1.2%

Shares of DFN traded down C$0.08 during trading hours on Monday, reaching C$6.40. 1,069,283 shares of the company traded hands, compared to its average volume of 424,502. The company's fifty day moving average price is C$6.23 and its two-hundred day moving average price is C$5.84. The company has a market capitalization of C$796.40 million, a price-to-earnings ratio of 5.93 and a beta of 1.73. The company has a quick ratio of 1.75, a current ratio of 1.51 and a debt-to-equity ratio of 190.85. Dividend 15 Split has a 12 month low of C$4.52 and a 12 month high of C$6.72.

Dividend 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 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.