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Dividend 15 Split (TSE:DFN) Stock Crosses Above Fifty Day Moving Average - Time to Sell?

Dividend 15 Split logo with Financial Services background

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.
  • MarketBeat previews the top five stocks to own by November 1st.

Dividend 15 Split Corp. (TSE:DFN - Get Free Report)'s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-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 trading hands.

Dividend 15 Split Stock Performance

The company has a market capitalization of C$889.02 million, a PE ratio of 2.85 and a beta of -0.14. 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 fifty day simple moving average is C$6.48 and its 200-day simple moving average is C$5.97.

Dividend 15 Split Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, September 10th were issued a $0.10 dividend. This represents a c) dividend on an annualized basis and a yield of 18.1%. The ex-dividend date was Friday, August 29th. Dividend 15 Split's dividend payout ratio is 47.21%.

About Dividend 15 Split

(Get Free Report)

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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