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

Key Points

• Dividend 15 Split Corp.'s stock price recently surpassed its 50-day moving average, trading at C$6.47 with a market cap of C$805.11 million.
• The company announced a monthly dividend of $0.10 per Class A Share on August 8th, resulting in an annualized dividend yield of 18.5%.
• Dividend 15 Split has a high payout ratio of 111.23%, indicating the company is paying out more in dividends than it earns.

Dividend 15 Split Corp. (TSE:DFN - Get Free Report) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$6.31 and traded as high as C$6.48. Dividend 15 Split shares last traded at C$6.47, with a volume of 302,593 shares trading hands.

Dividend 15 Split Stock Performance

The firm has a market capitalization of C$810.08 million, a price-to-earnings ratio of 6.03 and a beta of 1.73. The business's 50-day simple moving average is C$6.33 and its two-hundred day simple moving average is C$5.86. The company has a quick ratio of 1.75, a current ratio of 1.51 and a debt-to-equity ratio of 190.85.

Dividend 15 Split Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, August 8th. Shareholders of record on Friday, August 8th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 18.4%. Dividend 15 Split's dividend payout ratio (DPR) is currently 111.23%.

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.