Financial 15 Split (TSE:FTN) Share Price Crosses Above 50 Day Moving Average - What's Next?

Key Points

• Financial 15 Split Corp. shares have recently surpassed their 50-day moving average of C$10.68, indicating potential upward momentum, with the stock trading at C$10.87.
• The company has announced a monthly dividend payment of $0.1257 per share, with a notable annual yield of 13.9% for shareholders.
• Financial 15 Split has a market capitalization of approximately C$740.98 million and a high P/E ratio of 3.69, reflecting its market valuation.

Financial 15 Split Corp. (TSE:FTN - ) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$10.68 and traded as high as C$10.93. Financial 15 Split shares last traded at C$10.87, with a volume of 480,458 shares changing hands.

Financial 15 Split Price Performance

The company has a market capitalization of C$740.98 million, a P/E ratio of 3.69 and a beta of 1.76. The company has a quick ratio of 1.91, a current ratio of 1.81 and a debt-to-equity ratio of 119.87. The business's 50-day moving average is C$10.68 and its two-hundred day moving average is C$9.66.

Financial 15 Split Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 10th. Shareholders of record on Monday, November 10th will be issued a dividend of $0.1257 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a c) annualized dividend and a yield of 13.9%. Financial 15 Split's dividend payout ratio is 46.56%.

Financial 15 Split Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.