Financial 15 Split About To Put More Money In Your Pocket (FTN)

On 2/26/14, Financial 15 Split Corp (TSX: FTN.TO) will trade ex-dividend, for its monthly dividend of $0.1257, payable on 3/10/14. As a percentage of FTN's recent stock price of $10.00, this dividend works out to approximately 1.26%, so look for shares of Financial 15 Split Corp to trade 1.26% lower — all else being equal — when FTN shares open for trading on 2/26/14.

Below is a dividend history chart for FTN, showing historical dividends prior to the most recent $0.1257 declared by Financial 15 Split Corp:

FTN+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from FTN is likely to continue, and whether the current estimated yield of 15.08% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of FTN shares, versus its 200 day moving average:

Financial 15 Split Corp 200 Day Moving Average Chart

Looking at the chart above, FTN's low point in its 52 week range is $5.05 per share, with $10.29 as the 52 week high point — that compares with a last trade of $10.00.

In Monday trading, Financial 15 Split Corp shares are currently up about 0.4% on the day.

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