Canadian Life Companies Split (TSE:LFE) Shares Cross Below 50-Day Moving Average – Here’s Why

Shares of Canadian Life Companies Split Corp. (TSE:LFE) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$9.10 and traded as low as C$9.10. Canadian Life Companies Split shares last traded at C$9.13, with a volume of 53,883 shares.

Canadian Life Companies Split Stock Performance

The firm has a market capitalization of C$198.60 million, a PE ratio of 2.49 and a beta of 3.05. The company has a debt-to-equity ratio of 124.90, a quick ratio of 1.32 and a current ratio of 1.81. The business’s fifty day simple moving average is C$9.10 and its 200-day simple moving average is C$8.13.

Canadian Life Companies Split Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 10th were paid a dividend of $0.10 per share. This represents a c) annualized dividend and a yield of 13.1%. The ex-dividend date of this dividend was Friday, July 31st. Canadian Life Companies Split’s dividend payout ratio (DPR) is presently 32.79%.

Canadian Life Companies Split Company Profile

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.