Dividend 15 Split (TSE:DFN) Share Price Passes Above Fifty Day Moving Average - Time to Sell?

Key Points

• Dividend 15 Split Corp.'s share price recently surpassed its fifty day moving average of C$6.46, peaking at C$6.62 during trading.
• The company announced a monthly dividend of $0.10 per share, representing an annualized yield of 18.1%, with an ex-dividend date set for August 29th.
• Dividend 15 Split has a market capitalization of C$886.35 million and a price-to-earnings ratio of 2.84, indicating significant potential for investors.

Dividend 15 Split Corp. (TSE:DFN - )'s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$6.46 and traded as high as C$6.62. Dividend 15 Split shares last traded at C$6.62, with a volume of 270,920 shares.

Dividend 15 Split Stock Performance

The company has a market capitalization of C$886.35 million, a price-to-earnings ratio of 2.84 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 stock has a 50 day moving average price of C$6.46 and a two-hundred day moving average price of C$5.94.

Dividend 15 Split Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, September 10th will be issued a dividend of $0.10 per share. This represents a c) annualized dividend and a dividend yield of 18.1%. The ex-dividend date is 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.

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