Dividend 15 Split (TSE:DFN) Shares Pass Above 50-Day Moving Average - Should You Sell?

Key Points

• Dividend 15 Split Corp. (TSE:DFN) shares have crossed above their 50-day moving average, reaching a trading high of C$6.69.
• The company announced a monthly dividend of $0.10 per share, representing an annualized yield of 18.0%.
• With a market capitalization of C$894.38 million, Dividend 15 Split has a price-to-earnings ratio of 2.87 and a payout ratio of 47.21%.

Dividend 15 Split Corp. (TSE:DFN - Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$6.51 and traded as high as C$6.69. Dividend 15 Split shares last traded at C$6.68, with a volume of 323,937 shares trading hands.

Dividend 15 Split Trading Down 0.4%

The company has a market cap of C$898.40 million, a price-to-earnings ratio of 2.88 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 firm has a fifty day moving average price of C$6.53 and a 200 day moving average price of C$6.01.

Dividend 15 Split Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, September 10th were given a $0.10 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 17.9%. The ex-dividend date was Friday, August 29th. 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.