Canadian Life Companies Split (TSE:LFE) Trading 0.6% Higher - Should You Buy?

Shares of Canadian Life Companies Split Corp. (TSE:LFE - Get Free Report) traded up 0.6% on Monday . The company traded as high as C$6.29 and last traded at C$6.29. 21,418 shares changed hands during trading, a decline of 53% from the average session volume of 45,299 shares. The stock had previously closed at C$6.25.

Canadian Life Companies Split Price Performance

The firm has a 50 day moving average price of C$6.17 and a 200-day moving average price of C$6.06. 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 firm has a market cap of C$62.96 million, a price-to-earnings ratio of 4.80 and a beta of 2.91.

Canadian Life Companies Split Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 9th were given a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 19.05%. The ex-dividend date was Wednesday, April 30th. Canadian Life Companies Split's dividend payout ratio is 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.