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Canadian Life Companies Split Corp. Declares Monthly Dividend of $0.10 (TSE:LFE)

Canadian Life Companies Split logo with Financial Services background

Canadian Life Companies Split Corp. (TSE:LFE - Get Free Report) declared a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Stockholders of record on Monday, February 10th will be given a dividend of 0.10 per share on Monday, February 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 19.90%. The ex-dividend date is Friday, January 31st.

Canadian Life Companies Split Stock Down 1.6 %

Shares of LFE traded down C$0.10 during midday trading on Friday, reaching C$6.03. 25,673 shares of the stock were exchanged, compared to its average volume of 63,304. Canadian Life Companies Split has a 52 week low of C$3.36 and a 52 week high of C$7.06. 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 company's 50 day moving average is C$6.59 and its two-hundred day moving average is C$6.02. The company has a market capitalization of C$61.75 million, a P/E ratio of 4.57 and a beta of 2.91.

About Canadian Life Companies Split

(Get Free Report)

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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