Canadian Life Companies Split (TSE:LFE) Shares Up 0.5% - What's Next?

Key Points

• Canadian Life Companies Split Corp. stock price increased by 0.5% to C$6.34, with trading volume significantly up by 68% compared to the average.
• The company announced a monthly dividend of $0.10 per share, resulting in an annualized yield of 18.9% and a dividend payout ratio of 34.72%.
• With a market capitalization of C$68.13 million, the company's price-to-earnings ratio stands at 2.09, indicating strong value relative to earnings.

Canadian Life Companies Split Corp. (TSE:LFE - Get Free Report) shares were up 0.5% during mid-day trading on Wednesday . The stock traded as high as C$6.34 and last traded at C$6.34. Approximately 85,315 shares traded hands during trading, an increase of 68% from the average daily volume of 50,927 shares. The stock had previously closed at C$6.31.

Canadian Life Companies Split Price Performance

The stock has a market cap of C$68.45 million, a PE ratio of 2.10 and a beta of 2.68. The company has a current ratio of 1.47, a quick ratio of 1.33 and a debt-to-equity ratio of 210.26. The business has a 50-day moving average price of C$6.30 and a 200-day moving average price of C$6.08.

Canadian Life Companies Split Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, August 8th were paid a $0.10 dividend. The ex-dividend date was Thursday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 18.8%. Canadian Life Companies Split's dividend payout ratio (DPR) is 34.72%.

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.