Shares of Canadian Life Companies Split Corp. (TSE:LFE - Get Free Report) dropped 0.8% on Monday . The company traded as low as C$6.29 and last traded at C$6.36. Approximately 40,282 shares traded hands during mid-day trading, a decline of 11% from the average daily volume of 45,412 shares. The stock had previously closed at C$6.41.
Canadian Life Companies Split Stock Performance
The company has a quick ratio of 1.33, a current ratio of 1.47 and a debt-to-equity ratio of 210.26. The stock has a market capitalization of C$63.66 million, a PE ratio of 4.85 and a beta of 2.91. The firm has a 50 day moving average price of C$5.86 and a 200-day moving average price of C$6.14.
Canadian Life Companies Split Announces Dividend
The firm also recently declared a monthly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 9th were issued a $0.10 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $1.20 annualized dividend and a yield of 18.84%. Canadian Life Companies Split's dividend payout ratio (DPR) is presently 91.38%.
Canadian Life Companies Split Company Profile
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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.
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