Dividend 15 Split (TSE:DFN) Hits New 12-Month High - What's Next?

Key Points

• Dividend 15 Split Corp. (TSE:DFN) has reached a new 52-week high, trading at C$6.85 with a closing price of C$6.84 and a trading volume of 78,680 shares.
• The firm has announced a monthly dividend of $0.10 per Class A Share, which yields 17.5% annually, and has a payout ratio of 47.21%.
• Dividend 15 Split Corp. has a market capitalization of C$915.80 million and significant financial metrics including a PE ratio of 2.94.

Dividend 15 Split Corp. (TSE:DFN - )'s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$6.85 and last traded at C$6.84, with a volume of 78680 shares traded. The stock had previously closed at C$6.83.

Dividend 15 Split Stock Up 0.1%

The firm has a market capitalization of C$915.80 million, a PE ratio of 2.94 and a beta of 1.82. 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 stock has a 50-day simple moving average of C$6.65 and a 200-day simple moving average of C$6.17.

Dividend 15 Split Announces Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, September 10th were given a $0.10 dividend. The ex-dividend date was Friday, August 29th. This represents a c) annualized dividend and a dividend yield of 17.5%. 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.

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