Canadian Life Companies Split (TSE:LFE) Hits New 1-Year High – Should You Buy?

Canadian Life Companies Split Corp. (TSE:LFE)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$6.32 and last traded at C$6.32, with a volume of 80838 shares changing hands. The stock had previously closed at C$6.25.

Canadian Life Companies Split Stock Performance

The firm has a market capitalization of C$66.25 million, a price-to-earnings ratio of 4.89 and a beta of 2.91. 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 stock’s 50-day moving average is C$5.38 and its 200-day moving average is C$4.83.

Canadian Life Companies Split Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Tuesday, September 10th. Stockholders 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 dividend yield of 18.55%. Canadian Life Companies Split’s dividend payout ratio (DPR) is presently 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.