Shares of Dividend 15 Split Corp. (TSE:DFN - Get Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$6.36 and traded as high as C$6.61. Dividend 15 Split shares last traded at C$6.61, with a volume of 357,350 shares trading hands.
Dividend 15 Split Trading Up 0.6%
The company has a 50 day moving average of C$6.38 and a 200 day moving average of C$5.89. 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 firm has a market cap of C$828.75 million, a price-to-earnings ratio of 6.17 and a beta of 1.73.
Dividend 15 Split Announces Dividend
The firm also recently disclosed a monthly dividend, which was paid on Friday, August 8th. Shareholders of record on Friday, August 8th were given a $0.10 dividend. The ex-dividend date was Thursday, July 31st. This represents a c) annualized dividend and a yield of 18.0%. Dividend 15 Split's payout ratio is presently 111.23%.
Dividend 15 Split Company Profile
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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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