Financial 15 Split (TSE:FTN) Hits New 1-Year High - What's Next?

Key Points

• Financial 15 Split Corp. (TSE:FTN) reached a new 52-week high with a share price of C$11.09 during trading, closing at C$11.01.
• The company recently declared a monthly dividend of $0.1257, representing an annualized yield of 13.7% and a payout ratio of 46.56%.
• Financial 15 Split has a market cap of C$682.29 million and notable financial metrics, including a price-to-earnings ratio of 3.40 and a debt-to-equity ratio of 119.87.

Financial 15 Split Corp. (TSE:FTN - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The stock traded as high as C$11.09 and last traded at C$11.01, with a volume of 247098 shares changing hands. The stock had previously closed at C$10.98.

Financial 15 Split Price Performance

The firm's 50-day moving average is C$10.22 and its two-hundred day moving average is C$9.23. The company has a market cap of C$710.18 million, a P/E ratio of 3.54 and a beta of 1.64. The company has a debt-to-equity ratio of 119.87, a current ratio of 1.81 and a quick ratio of 1.91.

Financial 15 Split Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, September 10th were given a dividend of $0.1257 per share. The ex-dividend date was Friday, August 29th. This represents a c) dividend on an annualized basis and a dividend yield of 13.2%. Financial 15 Split's dividend payout ratio (DPR) is 46.56%.

About Financial 15 Split

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.