Dividend 15 Split (TSE:DFN) Hits New 52-Week High - Here's Why

Key Points

• Dividend 15 Split Corp. (TSE:DFN) reached a new 52-week high of C$6.85 during trading, with a recent price of C$6.83 and a volume of 162,636 shares.
• The company declared a monthly dividend of $0.10 per share, resulting in an annualized yield of 17.5% and a payout ratio of 47.21%.
• Dividend 15 Split has a market capitalization of C$915.80 million and a PE ratio of 2.94, indicating potential value in its stock price.

Dividend 15 Split Corp. (TSE:DFN - ) hit a new 52-week high during trading on Monday . The stock traded as high as C$6.85 and last traded at C$6.83, with a volume of 162636 shares. The stock had previously closed at C$6.82.

Dividend 15 Split Trading Up 0.3%

The company has a debt-to-equity ratio of 190.85, a quick ratio of 1.75 and a current ratio of 1.51. The stock's 50-day simple moving average is C$6.61 and its 200-day simple moving average is C$6.11. The firm has a market capitalization of C$915.80 million, a PE ratio of 2.94 and a beta of 1.82.

Dividend 15 Split Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, September 10th were paid a $0.10 dividend. The ex-dividend date was Friday, August 29th. This represents a c) dividend on an annualized basis and a yield of 17.5%. Dividend 15 Split's payout ratio is presently 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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