Dividend 15 Split (TSE:DFN) Sets New 12-Month High - Here's Why

Key Points

• Dividend 15 Split Corp. (TSE:DFN) reached a new 52-week high of C$6.91 during trading, closing at C$6.90 with a trading volume of 445,033 shares.
• The company has announced a monthly dividend of $0.10 per share, reflecting an annualized yield of 17.4% and a payout ratio of 47.21%.
• Current financial metrics include a market cap of C$923.83 million, a P/E ratio of 2.96, and a significant debt-to-equity ratio of 190.85.

Dividend 15 Split Corp. (TSE:DFN - )'s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$6.91 and last traded at C$6.90, with a volume of 445033 shares trading hands. The stock had previously closed at C$6.85.

Dividend 15 Split Price Performance

The stock has a market cap of C$923.83 million, a P/E ratio of 2.96 and a beta of 1.82. 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 business's fifty day moving average price is C$6.68 and its 200 day moving average price is C$6.21.

Dividend 15 Split Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, September 10th were given a dividend of $0.10 per share. The ex-dividend date was Friday, August 29th. This represents a c) annualized dividend and a yield of 17.4%. Dividend 15 Split's dividend payout ratio (DPR) is currently 47.21%.

About Dividend 15 Split

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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