Canadian Life Companies Split (TSE:LFE) Hits New 52-Week High – Here’s What Happened

Shares of Canadian Life Companies Split Corp. (TSE:LFE) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$9.10 and last traded at C$9.06, with a volume of 30280 shares trading hands. The stock had previously closed at C$9.01.

Canadian Life Companies Split Trading Up 0.1%

The company has a market capitalization of C$149.31 million, a price-to-earnings ratio of 5.18 and a beta of 3.27. 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 company’s 50 day simple moving average is C$7.91 and its two-hundred day simple moving average is C$7.51.

Canadian Life Companies Split Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, June 10th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 13.3%. Canadian Life Companies Split’s payout ratio is 68.97%.

About Canadian Life Companies Split

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.