Financial 15 Split Corp. Declares Monthly Dividend of $0.13 (TSE:FTN)

Key Points

• Financial 15 Split Corp. (TSE:FTN) declared a monthly dividend of C$0.1257 per share; the ex-dividend date is March 31 and shareholders of record will be paid on April 10, representing an annualized yield of about 15.6%.
• The stock opened at C$9.68 with a market cap of C$716.9M and a P/E of 3.40 (12‑month range C$5.58–C$11.12); the company’s objective is to provide regular monthly cash distributions and let holders participate in NAV growth above C$10 per unit.

Financial 15 Split Corp. (TSE:FTN - Get Free Report) declared a monthly dividend on Tuesday, March 31st, TickerTech Dividends reports. Shareholders of record on Friday, April 10th will be paid a dividend of 0.1257 per share on Friday, April 10th. This represents a c) dividend on an annualized basis and a yield of 15.6%. The ex-dividend date is Tuesday, March 31st.

Financial 15 Split Stock Performance

TSE:FTN opened at C$9.68 on Tuesday. The stock has a market cap of C$716.87 million, a P/E ratio of 3.40 and a beta of 1.86. The company has a quick ratio of 1.91, a current ratio of 0.21 and a debt-to-equity ratio of 88.68. The business's 50-day moving average price is C$10.37 and its two-hundred day moving average price is C$10.75. Financial 15 Split has a twelve month low of C$5.58 and a twelve month high of C$11.12.

About Financial 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 distributions, in an amount to be determined by the Board of Directors; and (b) to permit such holders to participate in all growth in the Net Asset Value (as defined herein) of the Company above $10.00 per Unit (as defined herein), by paying such holders, on or about the Termination Date (as defined herein), such amounts as remain in the Company on the Termination Date after paying the Preferred Share Repayment Amount (as defined herein) to the holders of the Preferred Shares.

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