Canadian Life Companies Split Corp. (TSE:LFE - Get Free Report) shares fell 0.5% during trading on Thursday . The company traded as low as C$5.92 and last traded at C$6.09. 47,979 shares were traded during trading, a decline of 3% from the average session volume of 49,630 shares. The stock had previously closed at C$6.12.
Canadian Life Companies Split Stock Performance
The stock has a fifty day simple moving average of C$5.86 and a two-hundred day simple moving average of C$6.30. 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$59.96 million, a price-to-earnings ratio of 4.57 and a beta of 2.91.
Canadian Life Companies Split Dividend Announcement
The firm also recently announced a monthly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 10th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.20 dividend on an annualized basis and a yield of 20.00%. Canadian Life Companies Split's payout ratio is currently 91.38%.
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.
Further Reading
Before you consider Canadian Life Companies Split, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Canadian Life Companies Split wasn't on the list.
While Canadian Life Companies Split currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
