Dividend 15 Split (TSE:DFN) Share Price Passes Above Fifty Day Moving Average - What's Next?

Key Points

• The share price of Dividend 15 Split Corp. (TSE:DFN) has recently crossed above its fifty-day moving average, reaching a high of C$6.82 before last trading at C$6.78.
• Dividend 15 Split announced a monthly dividend of $0.10 per share, with an impressive annualized dividend yield of 17.7%.
• The company's current ratio is 1.51, and it has a significant debt-to-equity ratio of 190.85, indicating a high level of leverage.

Dividend 15 Split Corp. (TSE:DFN - )'s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$6.63 and traded as high as C$6.82. Dividend 15 Split shares last traded at C$6.78, with a volume of 434,625 shares.

Dividend 15 Split Price Performance

The company has a current ratio of 1.51, a quick ratio of 1.75 and a debt-to-equity ratio of 190.85. The business has a 50-day moving average price of C$6.63 and a two-hundred day moving average price of C$6.14. The firm has a market capitalization of C$907.77 million, a price-to-earnings ratio of 2.91 and a beta of 1.82.

Dividend 15 Split Announces Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, September 10th were given a dividend of $0.10 per share. This represents a c) dividend on an annualized basis and a dividend yield of 17.7%. The ex-dividend date was Friday, August 29th. Dividend 15 Split's dividend 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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