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

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

Canadian Life Companies Split Stock Up 1.9 %

The company has a debt-to-equity ratio of 210.26, a quick ratio of 1.33 and a current ratio of 1.47. The firm has a fifty day simple moving average of C$4.92 and a 200-day simple moving average of C$4.68. The company has a market capitalization of C$60.72 million, a PE ratio of 4.41 and a beta of 2.90.

Canadian Life Companies Split Announces Dividend

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