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

Key Points

• The share price of Dividend 15 Split Corp. (TSE:DFN) reached a new 52-week high of C$6.78, with a notable trading volume of 650,744 shares.
• The company recently declared a monthly dividend of $0.10 per share, resulting in an annualized dividend yield of 17.8%.
• Dividend 15 Split has a market capitalization of C$903.75 million and a notably low price-to-earnings ratio of 2.90.

Dividend 15 Split Corp. (TSE:DFN - )'s share price reached a new 52-week high on Wednesday . The stock traded as high as C$6.78 and last traded at C$6.75, with a volume of 650744 shares. The stock had previously closed at C$6.73.

Dividend 15 Split Stock Up 0.3%

The company has a market capitalization of C$903.75 million, a price-to-earnings ratio of 2.90 and a beta of -0.14. The firm's 50 day moving average price is C$6.55 and its two-hundred day moving average price is C$6.03. The company has a current ratio of 1.51, a quick ratio of 1.75 and a debt-to-equity ratio of 190.85.

Dividend 15 Split Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, September 10th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a c) annualized dividend and a dividend yield of 17.8%. Dividend 15 Split's payout ratio is presently 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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