Dividend 15 Split (TSE:DFN) Share Price Passes Above 50-Day Moving Average - Should You Sell?

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)'s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 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 Trading Up 0.8%

The stock has a 50 day moving average of C$6.34 and a 200-day moving average of C$5.87. The company has a market capitalization of C$816.31 million, a P/E ratio of 6.08 and a beta of 1.73. 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 Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, August 8th. Shareholders of record on Friday, August 8th were given a $0.10 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 18.3%. The ex-dividend date was Thursday, July 31st. Dividend 15 Split's dividend payout ratio is presently 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.