Cash Dividend On The Way From Financial 15 Split (FTN)

On 6/26/15, Financial 15 Split Corp (TSX: FTN.TO) will trade ex-dividend, for its monthly dividend of $0.1257, payable on 7/10/15. As a percentage of FTN's recent stock price of $10.49, this dividend works out to approximately 1.20%, so look for shares of Financial 15 Split Corp to trade 1.20% lower — all else being equal — when FTN shares open for trading on 6/26/15.

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 14.38% 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 $7.86 per share, with $10.66 as the 52 week high point — that compares with a last trade of $10.49.

In Wednesday trading, Financial 15 Split Corp shares are currently trading flat on the day.

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