Dividend 15 Split (TSE:DFN) Sets New 52-Week High - Should You Buy?

Key Points

• Dividend 15 Split Corp. shares reached a new 52-week high of C$6.74 during recent trading, up from a previous close of C$6.68.
• The company announced a monthly dividend of C$0.10 per share, resulting in an annualized dividend yield of 17.8% with a payout ratio of 47.21%.
• Dividend 15 Split has a significant debt-to-equity ratio of 190.85, indicating potential financial risk for investors.

Dividend 15 Split Corp. (TSE:DFN - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$6.74 and last traded at C$6.74, with a volume of 213574 shares traded. The stock had previously closed at C$6.68.

Dividend 15 Split Trading Down 0.4%

The stock has a market capitalization of C$898.40 million, a P/E ratio of 2.88 and a beta of -0.14. The company has a debt-to-equity ratio of 190.85, a current ratio of 1.51 and a quick ratio of 1.75. The firm's 50 day moving average price is C$6.53 and its 200 day moving average price is C$6.00.

Dividend 15 Split Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, September 10th were given a $0.10 dividend. This represents a c) annualized dividend and a yield of 17.9%. The ex-dividend date of this dividend was Friday, August 29th. Dividend 15 Split's payout ratio is 47.21%.

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.