Financial 15 Split (TSE:FTN) Reaches New 12-Month High - Should You Buy?

Key Points

• Financial 15 Split Corp. (TSE:FTN) has reached a new 12-month high, trading at C$11.50 with a market cap of C$714.51 million.
• The company recently declared a monthly dividend of $0.1257 per share, yielding an annualized rate of 13.1%.
• The stock has strong financial metrics, including a P/E ratio of 3.56 and a debt-to-equity ratio of 119.87.

Financial 15 Split Corp. (TSE:FTN - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as C$11.50 and last traded at C$11.48, with a volume of 59957 shares traded. The stock had previously closed at C$11.46.

Financial 15 Split Price Performance

The firm has a market cap of C$715.13 million, a PE ratio of 3.56 and a beta of 1.64. The firm has a fifty day simple moving average of C$10.25 and a two-hundred day simple moving average of C$9.26. The company has a debt-to-equity ratio of 119.87, a quick ratio of 1.91 and a current ratio of 1.81.

Financial 15 Split Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, September 10th were issued a $0.1257 dividend. The ex-dividend date was Friday, August 29th. This represents a c) dividend on an annualized basis and a dividend yield of 13.1%. Financial 15 Split's payout ratio 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.