Dividend 15 Split (TSE:DFN) Stock Price Passes Below 50-Day Moving Average - What's Next?

Key Points

• Dividend 15 Split passed below its 50-day moving average (50‑day MA C$7.70), trading as low as C$7.00 and last at C$7.42 on volume of about 1.32 million shares.
• The stock has a market cap of C$1.09 billion, a low PE of 3.18 and beta of 0.44, but carries high leverage with a debt‑to‑equity of 131.30 and a very low current ratio of 0.17.
• The company targets regular monthly cash dividends of $0.10 per Class A Share and plans to redeem Class A shares at $15.00 on the termination date, investing in an actively managed portfolio of 15 major Canadian companies.

Shares of Dividend 15 Split Corp. (TSE:DFN - ) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$7.70 and traded as low as C$7.00. Dividend 15 Split shares last traded at C$7.42, with a volume of 1,316,541 shares traded.

Dividend 15 Split Stock Performance

The business's 50 day simple moving average is C$7.70 and its two-hundred day simple moving average is C$7.24. The firm has a market capitalization of C$1.09 billion, a PE ratio of 3.18 and a beta of 0.44. The company has a current ratio of 0.17, a quick ratio of 1.75 and a debt-to-equity ratio of 131.30.

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. The assets of the Company are invested in an actively managed portfolio of common shares (the Portfolio) which primarily includes securities of the following 15 publicly traded Canadian companies (the Portfolio Companies), each of whose securities will generally represent no less than 4% and no more than 8% of the Net Asset Value of the Company: Bank of Montreal The Bank of Nova Scotia BCE Inc Canadian Imperial Bank of Commerce CI Financial Corp.

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