Canadian Life Companies Split (TSE:LFE) Reaches New 1-Year High – Here’s Why

Canadian Life Companies Split Corp. (TSE:LFE) shares reached a new 52-week high on Monday . The stock traded as high as C$8.56 and last traded at C$8.55, with a volume of 109247 shares changing hands. The stock had previously closed at C$8.47.

Canadian Life Companies Split Trading Up 0.2%

The firm has a market cap of C$140.53 million, a P/E ratio of 4.88 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 firm’s 50-day simple moving average is C$7.71 and its 200 day simple moving average is C$7.41.

Canadian Life Companies Split Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, June 10th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 14.1%. Canadian Life Companies Split’s dividend payout ratio (DPR) 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.