Financial 15 Split (TSE:FTN) Shares Cross Above 50-Day Moving Average - Should You Sell?

Key Points

• Financial 15 Split Corp. (TSE:FTN) shares have recently crossed above its fifty-day moving average of C$9.49, hitting a high of C$10.14 during trading.
• The company announced a monthly dividend of $0.1257, which translates to an annualized yield of 14.91%, with a payout ratio of 51.94%.
• Financial 15 Split has a market capitalization of C$611.94 million and a high PE ratio of 3.48, indicating strong investor interest despite 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 Wednesday . The stock has a 50 day moving average of C$9.49 and traded as high as C$10.14. Financial 15 Split shares last traded at C$10.12, with a volume of 191,115 shares traded.

Financial 15 Split Stock Performance

The firm has a market cap of C$583.52 million, a price-to-earnings ratio of 3.32 and a beta of 1.44. The company has a debt-to-equity ratio of 119.87, a current ratio of 1.81 and a quick ratio of 1.91. The firm has a fifty day simple moving average of C$9.52 and a two-hundred day simple moving average of C$9.01.

Financial 15 Split Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, August 8th. Shareholders of record on Friday, August 8th will be given a dividend of $0.1257 per share. The ex-dividend date is Thursday, July 31st. This represents a c) dividend on an annualized basis and a yield of 15.6%. Financial 15 Split's dividend payout ratio is currently 51.94%.

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.