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

Canadian Life Companies Split Corp. (TSE:LFE)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$9.29 and last traded at C$9.20, with a volume of 83871 shares. The stock had previously closed at C$9.24.

Canadian Life Companies Split Price Performance

The company has a debt-to-equity ratio of 141.23, a current ratio of 1.72 and a quick ratio of 1.32. The stock has a market cap of C$152.62 million, a price-to-earnings ratio of 5.30 and a beta of 3.27. The stock has a fifty day moving average of C$8.13 and a 200 day moving average of C$7.61.

Canadian Life Companies Split Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, June 10th were paid a dividend of $0.10 per share. This represents a c) annualized dividend and a yield of 13.0%. The ex-dividend date was Friday, May 29th. Canadian Life Companies Split’s payout ratio is presently 68.97%.

About Canadian Life Companies Split

The Companys investment objectives are (i) to provide holders of Preferred Shares with fixed cumulative preferential monthly cash dividends in the amount of $0.04375 per Preferred Share to yield 5.25% per annum on the original issue price (ii) to provide holders of Class A Shares with regular monthly cash distributions targeted to be $0.10 per Class A Share to yield 8.0% per annum on the original issue price and (iii) to return the original issue price to holders of both Preferred Shares and Class A Shares at the time of the redemption of such shares on December 1, 2012.