Canadian Life Companies Split (TSE:LFE) Hits New 52-Week High – Still a Buy?

Canadian Life Companies Split Corp. (TSE:LFE)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as C$8.10 and last traded at C$8.10, with a volume of 131478 shares changing hands. The stock had previously closed at C$8.01.

Canadian Life Companies Split Stock Performance

The stock has a market cap of C$139.87 million, a P/E ratio of 4.86 and a beta of 3.34. The company has a quick ratio of 1.32, a current ratio of 1.72 and a debt-to-equity ratio of 141.23. The business has a 50 day moving average price of C$7.59 and a two-hundred day moving average price of C$7.36.

Canadian Life Companies Split Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, June 10th were paid a $0.10 dividend. This represents a c) annualized dividend and a yield of 14.2%. The ex-dividend date was Friday, May 29th. Canadian Life Companies Split’s dividend payout ratio is presently 68.97%.

Canadian Life Companies Split Company Profile

The Companys investment objectives are (i) to provide holders of Preferred Shares with fixed cumulative preferential monthly cash dividends in the amount of $0.04375 per Preferred Share to yield 5.25% per annum on the original issue price (ii) to provide holders of Class A Shares with regular monthly cash distributions targeted to be $0.10 per Class A Share to yield 8.0% per annum on the original issue price and (iii) to return the original issue price to holders of both Preferred Shares and Class A Shares at the time of the redemption of such shares on December 1, 2012.