Canadian Life Companies Split (TSE:LFE) Reaches New 1-Year High – Here’s What Happened

Canadian Life Companies Split Corp. (TSE:LFE) shares reached a new 52-week high on Thursday . The stock traded as high as C$6.84 and last traded at C$6.78, with a volume of 137781 shares traded. The stock had previously closed at C$6.63.

Canadian Life Companies Split Stock Up 2.7 %

The company has a current ratio of 1.47, a quick ratio of 1.33 and a debt-to-equity ratio of 210.26. The firm has a market cap of C$69.73 million, a PE ratio of 5.02 and a beta of 2.91. The company’s 50 day moving average price is C$6.03 and its two-hundred day moving average price is C$5.09.

Canadian Life Companies Split Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, September 10th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 17.62%. Canadian Life Companies Split’s payout ratio is currently 90.91%.

Canadian Life Companies Split Company Profile

Canadian Life Companies Split Corp. is a closed-ended equity mutual fund launched and managed by Quadravest Capital Management Inc It invests in the public equity markets of Canada. The fund seeks to invest in stocks of companies operating in the life insurance sector. It primarily invests in stocks of four publicly traded life insurance companies namely Great-West Lifeco Inc, Industrial Alliance Insurance and Financial Services Inc, Manulife Financial Corporation, and Sun Life Financial Inc The fund employs fundamental analysis with a focus on such factors as a firm's earning history, relative price-earnings multiple, cash flow, dividend yield, market position, and growth prospects to create its portfolio.