Canadian Life Companies Split Corp. (TSE:LFE) Announces $0.10 Monthly Dividend

Canadian Life Companies Split Corp. (TSE:LFE) announced a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Investors of record on Monday, February 10th will be given a dividend of 0.10 per share on Monday, February 10th. This represents a $1.20 annualized dividend and a dividend yield of 19.48%. The ex-dividend date of this dividend is Friday, January 31st.

Canadian Life Companies Split Price Performance

LFE traded up C$0.01 during midday trading on Wednesday, reaching C$6.16. 23,048 shares of the company’s stock were exchanged, compared to its average volume of 64,300. The company has a debt-to-equity ratio of 210.26, a current ratio of 1.47 and a quick ratio of 1.33. The business’s 50-day moving average price is C$6.68 and its 200 day moving average price is C$5.99. Canadian Life Companies Split has a 1-year low of C$3.36 and a 1-year high of C$7.06. The stock has a market capitalization of C$63.08 million, a PE ratio of 4.67 and a beta of 2.91.

About Canadian Life Companies Split

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.