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Financial 15 Split (TSE:FTN) Hits New 12-Month High - Still a Buy?

Financial 15 Split logo with Financial Services background

Key Points

  • The Financial 15 Split Corp. (TSE:FTN) has reached a new 52-week high of C$10.74 during trading, up from a previous close of C$10.58.
  • The company announced a monthly dividend of $0.1257 to be paid on September 10th, representing a strong annualized yield of 14.0%.
  • Financial 15 Split Corp. operates as an equity mutual fund focused on the financial sector, managed by Quadravest Capital Management Inc.
  • Five stocks to consider instead of Financial 15 Split.

Financial 15 Split Corp. (TSE:FTN - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as C$10.74 and last traded at C$10.74, with a volume of 265726 shares changing hands. The stock had previously closed at C$10.58.

Financial 15 Split Trading Up 1.5%

The stock has a 50-day moving average of C$9.99 and a 200 day moving average of C$9.12. The stock has a market cap of C$665.56 million, a PE ratio of 3.31 and a beta of 1.64. The company has a quick ratio of 1.91, a current ratio of 1.81 and a debt-to-equity ratio of 119.87.

Financial 15 Split Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, September 10th will be given a $0.1257 dividend. The ex-dividend date is Friday, August 29th. This represents a c) dividend on an annualized basis and a yield of 14.0%. Financial 15 Split's dividend payout ratio is currently 46.56%.

Financial 15 Split Company Profile

(Get Free Report)

Financial 15 Split Corp. is an close ended equity mutual fund launched by Quadravest Inc It is managed by Quadravest Capital Management Inc It invests in the public equity markets of the United States and Canada. The fund primarily invests in stocks of companies operating in the financials sector. Financial 15 Split Corp.

See Also

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