Canadian Life Companies Split Corp. (TSE:LFE - Get Free Report) was up 0.5% on Wednesday . The company traded as high as C$5.94 and last traded at C$5.93. Approximately 23,601 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 57,421 shares. The stock had previously closed at C$5.90.
Canadian Life Companies Split Stock Performance
The stock has a market cap of C$57.36 million, a PE ratio of 4.37 and a beta of 2.91. The stock has a fifty day simple moving average of C$6.23 and a two-hundred day simple moving average of C$6.14. 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 firm also recently announced a monthly dividend, which was paid on Monday, February 10th. Shareholders of record on Monday, February 10th were given a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 20.91%. The ex-dividend date of this dividend was Friday, January 31st. Canadian Life Companies Split's payout ratio is 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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