Canadian Life Companies Split Corp. (TSE:LFE - Get Free Report) traded up 1.6% during trading on Monday . The company traded as high as C$6.18 and last traded at C$6.18. 50,925 shares were traded 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 Price Performance
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's fifty day moving average is C$6.27 and its 200 day moving average is C$5.99. The firm has a market capitalization of C$62.46 million, a P/E ratio of 4.76 and a beta of 2.91.
Canadian Life Companies Split Announces Dividend
The firm also recently announced 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 of this dividend was Wednesday, April 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 19.20%. 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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