Dividend 15 Split Corp. (TSE:DFN) Plans $0.10 Monthly Dividend

Key Points

• Dividend 15 Split Corp. announced a monthly dividend of $0.10 per share, with a payment date of September 10th for shareholders on record as of the same date.
• The declared dividend corresponds to an annualized yield of 18.0%, highlighting the company's focus on providing consistent returns to shareholders.
• As of the announcement, shares of Dividend 15 Split are trading at C$6.68, with a market capitalization of C$831.24 million.

Dividend 15 Split Corp. (TSE:DFN - Get Free Report) announced a monthly dividend on Friday, August 29th, TickerTech Dividends reports. Investors of record on Wednesday, September 10th will be paid a dividend of 0.10 per share on Wednesday, September 10th. This represents a c) annualized dividend and a yield of 18.0%. The ex-dividend date of this dividend is Friday, August 29th.

Dividend 15 Split Trading Up 0.1%

Shares of DFN opened at C$6.68 on Friday. The company's fifty day moving average is C$6.41 and its 200 day moving average is C$5.90. Dividend 15 Split has a fifty-two week low of C$4.52 and a fifty-two week high of C$6.72. The stock has a market capitalization of C$831.24 million, a PE ratio of 6.19 and a beta of 1.73. The company has a debt-to-equity ratio of 190.85, a quick ratio of 1.75 and a current ratio of 1.51.

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.

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