Canadian Life Companies Split (TSE:LFE) Sets New 52-Week High at $5.95

Canadian Life Companies Split Corp. (TSE:LFE) reached a new 52-week high on Thursday . The stock traded as high as C$5.95 and last traded at C$5.93, with a volume of 55934 shares trading hands. The stock had previously closed at C$5.82.

Canadian Life Companies Split Stock Up 1.9 %

The firm has a market capitalization of C$60.72 million, a price-to-earnings ratio of 4.41 and a beta of 2.90. 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 50 day moving average price of C$4.92 and a two-hundred day moving average price of C$4.68.

Canadian Life Companies Split Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, September 10th were paid a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 20.24%. The ex-dividend date of this dividend was Friday, August 30th. Canadian Life Companies Split’s dividend payout ratio is currently 90.91%.

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.