Canadian Life Companies Split Corp. (TSE:LFE) to Issue Monthly Dividend of $0.10

Key Points

• Canadian Life Companies Split Corp. announced a monthly dividend of $0.10 per share, which corresponds to an annualized dividend of $1.20 and a yield of 18.84%.
• The ex-dividend date for this payout is July 31, with record investors set to receive the dividend on August 8.
• As of the latest data, the stock has a market cap of C$63.66 million and a P/E ratio of 4.85, indicating a potentially attractive investment opportunity.

Canadian Life Companies Split Corp. (TSE:LFE - Get Free Report) declared a monthly dividend on Thursday, July 31st, TickerTech Dividends reports. Investors of record on Friday, August 8th will be paid a dividend of 0.10 per share on Friday, August 8th. This represents a c) dividend on an annualized basis and a yield of 19.3%. The ex-dividend date is Thursday, July 31st.

Canadian Life Companies Split Stock Performance

Canadian Life Companies Split stock traded down C$0.08 during trading on Friday, reaching C$6.21. The company had a trading volume of 58,996 shares, compared to its average volume of 48,679. Canadian Life Companies Split has a 52 week low of C$3.46 and a 52 week high of C$7.06. The firm's 50-day simple moving average is C$6.30 and its 200 day simple moving average is C$5.98. The firm has a market capitalization of C$62.06 million, a price-to-earnings ratio of 4.73 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.

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.