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Financial 15 Split Corp ( (TSE:FTN) ) has provided an update.
Financial 15 Split Corp. has announced an increase in the minimum annual dividend rate for its FTN.PR.A Preferred Shares to 6.00% from 5.50% for the next five-year term starting December 1, 2025. The company has also extended its termination date to December 1, 2030, offering shareholders options to retract or sell their shares based on the November 28, 2025 net asset value, or continue holding them. This move could enhance shareholder value and provide flexibility for investors, potentially strengthening the company’s position in the financial services investment sector.
Spark’s Take on TSE:FTN Stock
According to Spark, TipRanks’ AI Analyst, TSE:FTN is a Neutral.
Financial 15 Split Corp’s recent financial recovery and strong balance sheet are positive indicators, though cash flow issues persist. Technical indicators suggest caution with a bearish trend. However, the stock’s low valuation metrics and consistent dividend payouts enhance its appeal as a high-yield investment opportunity.
To see Spark’s full report on TSE:FTN stock, click here.
More about Financial 15 Split Corp
Financial 15 Split Corp. is an investment company that focuses on a high-quality portfolio of financial services companies, including major Canadian and U.S. issuers such as Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, Manulife Financial Corporation, Sun Life Financial, Great-West Lifeco, Bank of America, Citigroup Inc., Goldman Sachs Group, JP Morgan Chase & Co., and Wells Fargo & Co.
Average Trading Volume: 182,882
Technical Sentiment Signal: Buy
Learn more about FTN stock on TipRanks’ Stock Analysis page.