Canadian Life Companies Split Corp. (TSE:LFE - Get Free Report) shares traded up 1.6% on Monday . The company traded as high as C$6.18 and last traded at C$6.18. 50,925 shares traded hands during mid-day trading, an increase of 7% from the average session volume of 47,780 shares. The stock had previously closed at C$6.08.
Canadian Life Companies Split Stock 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's 50 day simple moving average is C$6.28 and its two-hundred day simple moving average is C$5.98. The stock has a market cap of C$62.36 million, a P/E ratio of 4.75 and a beta of 2.91.
Canadian Life Companies Split Announces Dividend
The business also recently declared a monthly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 9th were paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 19.23%. The ex-dividend date of this dividend was Wednesday, April 30th. Canadian Life Companies Split's payout ratio is currently 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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