Financial 15 Split (TSE:FTN) Stock Price Crosses Above 50-Day Moving Average - Here's Why

Key Points

• Financial 15 Split Corp. (TSE:FTN) recently saw its stock price surpass its 50-day moving average of C$9.90, reaching as high as C$10.23 during trading.
• The company announced a monthly dividend of $0.1257, yielding an annualized rate of 14.8%, with an ex-dividend date of August 29th.
• Financial 15 Split has a market capitalization of C$610.61 million, along with a price-to-earnings ratio of 1.74 and a debt-to-equity ratio of 119.87.

Financial 15 Split Corp. (TSE:FTN - Get Free Report) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$9.90 and traded as high as C$10.23. Financial 15 Split shares last traded at C$10.20, with a volume of 214,996 shares.

Financial 15 Split Stock Performance

The company has a market cap of C$659.98 million, a P/E ratio of 3.29 and a beta of 1.64. The business's 50 day simple moving average is C$9.95 and its 200 day simple moving average is C$9.10. The company has a current ratio of 1.81, a quick ratio of 1.91 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. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.1257 per share. The ex-dividend date is Friday, August 29th. This represents a c) dividend on an annualized basis and a yield of 14.2%. Financial 15 Split's dividend payout ratio (DPR) is presently 46.56%.

Financial 15 Split Company Profile

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.