Dividend 15 Split (TSE:DFN) Stock Passes Above 50 Day Moving Average - Here's Why

Key Points

• Dividend 15 Split Corp. (TSE:DFN) has seen its stock price rise above its 50-day moving average of C$6.25, trading as high as C$6.47.
• The company recently announced a monthly dividend of $0.10 per share, representing an annualized yield of 18.6%, with the ex-dividend date set for July 31st.
• Dividend 15 Split has a market cap of C$801.37 million and a notably high debt-to-equity ratio of 190.85.

Dividend 15 Split Corp. (TSE:DFN - ) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$6.25 and traded as high as C$6.47. Dividend 15 Split shares last traded at C$6.44, with a volume of 191,605 shares changing hands.

Dividend 15 Split Price Performance

The company has a market cap of C$801.37 million, a P/E ratio of 5.97 and a beta of 1.73. The company has a fifty day moving average price of C$6.25 and a two-hundred day moving average price of C$5.85. The company has a debt-to-equity ratio of 190.85, a quick ratio of 1.75 and a current ratio of 1.51.

Dividend 15 Split Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, August 8th. Investors of record on Friday, August 8th will be paid a $0.10 dividend. This represents a c) annualized dividend and a yield of 18.6%. The ex-dividend date is Thursday, July 31st. Dividend 15 Split's dividend payout ratio (DPR) is 111.23%.

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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