S Split Corp. (SBN) Plans Monthly Dividend of $0.05
S Split Corp. (TSE:SBN) declared a monthly dividend on Monday, February 5th, Zacks reports. Shareholders of record on Thursday, February 15th will be given a dividend of 0.047 per share on Wednesday, February 28th. This represents a $0.56 annualized dividend and a yield of 7.94%. The ex-dividend date of this dividend is Wednesday, February 14th.
S Split (TSE SBN) traded down C$0.20 during midday trading on Tuesday, reaching C$7.10. The company’s stock had a trading volume of 1,700 shares, compared to its average volume of 1,905. The firm has a market cap of $7.29, a P/E ratio of 2.34 and a beta of 1.97. S Split has a 52 week low of C$6.70 and a 52 week high of C$8.55.
About S Split
S Split Corp. (the Fund) is a Canada-based mutual fund corporation. The Fund’s investment objectives for the Preferred Shares are to provide holders of Preferred shares with fixed cumulative preferential monthly cash distributions in the amount of over $0.04 per Preferred share representing a yield on the issue price of the Preferred shares of approximately 5.25% per annum and to return the issue price of over $10 per Preferred share to holders of Preferred shares upon termination of the Fund.
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