Canadian Life Companies Split (TSE:LFE) Reaches New 1-Year High – Here’s What Happened

Shares of Canadian Life Companies Split Corp. (TSE:LFE) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$7.17 and last traded at C$7.08, with a volume of 23885 shares traded. The stock had previously closed at C$7.15.

Canadian Life Companies Split Stock Performance

The business’s 50-day simple moving average is C$6.33 and its 200 day simple moving average is C$5.27. The firm has a market cap of C$72.81 million, a P/E ratio of 5.42 and a beta of 2.91. The company has a debt-to-equity ratio of 210.26, a quick ratio of 1.33 and a current ratio of 1.47.

Canadian Life Companies Split Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, September 10th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.20 annualized dividend and a yield of 16.88%. Canadian Life Companies Split’s payout ratio is 90.91%.

About Canadian Life Companies Split

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.