Canadian Life Companies Split (TSE:LFE) Stock Price Up 2% - Here's Why

Shares of Canadian Life Companies Split Corp. (TSE:LFE - Get Free Report) traded up 2% on Monday . The stock traded as high as C$6.11 and last traded at C$6.09. 74,873 shares were traded during trading, an increase of 60% from the average session volume of 46,763 shares. The stock had previously closed at C$5.97.

Canadian Life Companies Split Price Performance

The company has a debt-to-equity ratio of 210.26, a current ratio of 1.47 and a quick ratio of 1.33. The stock has a fifty day simple moving average of C$5.69 and a 200-day simple moving average of C$6.17. The company has a market capitalization of C$61.86 million, a price-to-earnings ratio of 4.71 and a beta of 2.91.

Canadian Life Companies Split Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 9th were paid a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 19.39%. The ex-dividend date of this dividend was Wednesday, April 30th. Canadian Life Companies Split's dividend payout ratio is currently 91.38%.

Canadian Life Companies Split Company Profile

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.