Dividend 15 Split (TSE:DFN) Sets New 1-Year High – What’s Next?
by Kim Johansen · The Markets DailyShares of Dividend 15 Split Corp. (TSE:DFN – Get Free Report) hit a new 52-week high on Monday . The stock traded as high as C$7.90 and last traded at C$7.88, with a volume of 229163 shares traded. The stock had previously closed at C$7.86.
Dividend 15 Split Price Performance
The firm has a fifty day moving average of C$7.42 and a two-hundred day moving average of C$6.96. The company has a debt-to-equity ratio of 190.85, a current ratio of 1.51 and a quick ratio of 1.75. The stock has a market capitalization of C$1.16 billion, a P/E ratio of 3.39 and a beta of 1.97.
Dividend 15 Split Announces Dividend
The firm also recently announced a monthly dividend, which was paid on Monday, November 10th. Stockholders of record on Monday, November 10th were given a $0.10 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 15.2%. The ex-dividend date was Friday, October 31st. Dividend 15 Split’s dividend payout ratio is 47.21%.
Dividend 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 dividends targeted to be $0.10 per Class A Share; and (b) on or about the Termination Date (as defined herein), to pay holders of Class A Shares $15.00 per Class A Share, which was the issue price thereof on the initial public offering of the Company, through the redemption of each Class A Share held on the Termination Date. The assets of the Company are invested in an actively managed portfolio of common shares (the Portfolio) which primarily includes securities of the following 15 publicly traded Canadian companies (the Portfolio Companies), each of whose securities will generally represent no less than 4% and no more than 8% of the Net Asset Value of the Company: Bank of Montreal The Bank of Nova Scotia BCE Inc Canadian Imperial Bank of Commerce CI Financial Corp.