Dividend 15 Split (TSE:DFN) Shares Pass Above 50 Day Moving Average - What's Next?

Key Points

• Dividend 15 Split Corp. (TSE:DFN) shares recently crossed above their 50-day moving average, trading at C$6.85 with a volume of over 413,000 shares.
• The company announced a monthly dividend of $0.10 per share, resulting in an annualized dividend yield of 17.5% and a payout ratio of 47.21%.
• Dividend 15 Split Corp. has a market capitalization of C$917.14 million and a notable beta of 1.82, indicating higher volatility compared to the market.

Dividend 15 Split Corp. (TSE:DFN - )'s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$6.67 and traded as high as C$6.86. Dividend 15 Split shares last traded at C$6.85, with a volume of 413,913 shares trading hands.

Dividend 15 Split Trading Up 0.1%

The stock has a 50 day moving average of C$6.67 and a 200-day moving average of C$6.19. The company has a market capitalization of C$917.14 million, a P/E ratio of 2.94 and a beta of 1.82. 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 disclosed a monthly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, September 10th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, August 29th. This represents a c) dividend on an annualized basis and a dividend yield of 17.5%. Dividend 15 Split's payout ratio is 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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