Financial 15 Split (TSE:FTN) Stock Price Crosses Above 50-Day Moving Average - Time to 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 Down 2.5%

The company has a market capitalization of C$583.52 million, a PE ratio of 3.32 and a beta of 1.44. The firm's 50-day simple moving average is C$9.52 and its 200 day simple moving average is C$9.02. 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 will be paid on Friday, August 8th. Shareholders of record on Friday, August 8th will be given a dividend of $0.1257 per share. This represents a c) annualized dividend and a dividend yield of 15.6%. The ex-dividend date is Thursday, July 31st. Financial 15 Split's payout ratio is presently 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.