Canadian Life Companies Split (TSE:LFE) Trading 0.8% Higher - Here's Why

Key Points

• The stock price of Canadian Life Companies Split Corp. (TSE:LFE) increased by 0.8%, trading at C$6.42 with a significant surge in volume of 98,196 shares.
• A dividend of $0.10 per share has been announced, to be paid on October 10th, for shareholders of record on September 30th.
• The company currently has a debt-to-equity ratio of 210.26 and a P/E ratio of 2.11, indicating potential financial risk and value.

Canadian Life Companies Split Corp. (TSE:LFE - )'s stock price traded up 0.8% on Wednesday . The stock traded as high as C$6.42 and last traded at C$6.42. 98,196 shares changed hands during mid-day trading, an increase of 89% from the average session volume of 52,030 shares. The stock had previously closed at C$6.37.

Canadian Life Companies Split Price Performance

The business's fifty day moving average price is C$6.31 and its 200 day moving average price is C$6.14. 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 market cap of C$68.99 million, a P/E ratio of 2.11 and a beta of 2.49.

Canadian Life Companies Split Announces Dividend

The business also recently announced a sep 25 dividend, which will be paid on Friday, October 10th. Shareholders of record on Tuesday, September 30th will be given a $0.10 dividend. Canadian Life Companies Split's dividend payout ratio is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.