Canadian Life Companies Split Corp. (TSE:LFE - Get Free Report)'s share price was up 0.6% on Monday . The company traded as high as C$6.29 and last traded at C$6.29. Approximately 21,418 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 45,299 shares. The stock had previously closed at C$6.25.
Canadian Life Companies Split Stock Performance
The business's fifty day moving average price is C$6.11 and its two-hundred day moving average price is C$6.06. The company has a debt-to-equity ratio of 210.26, a quick ratio of 1.33 and a current ratio of 1.47. The stock has a market capitalization of C$62.86 million, a P/E ratio of 4.79 and a beta of 2.91.
Canadian Life Companies Split Announces Dividend
The business also recently disclosed a monthly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 9th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.20 annualized dividend and a yield of 19.08%. 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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