Canadian Life Companies Split (TSE:LFE) Share Price Crosses Below 50-Day Moving Average – Should You Sell?

Canadian Life Companies Split Corp. (TSE:LFE) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$6.06 and traded as low as C$5.41. Canadian Life Companies Split shares last traded at C$5.63, with a volume of 44,018 shares traded.

Canadian Life Companies Split Trading Up 1.3 %

The business’s 50-day moving average price is C$6.06 and its 200 day moving average price is C$6.23. 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 firm has a market capitalization of C$56.26 million, a price-to-earnings ratio of 4.29 and a beta of 2.91.

Canadian Life Companies Split Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, March 10th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 21.31%. Canadian Life Companies Split’s payout ratio is currently 91.38%.

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.