Canadian Life Companies Split (TSE:LFE) Sets New 12-Month High – What’s Next?

Canadian Life Companies Split Corp. (TSE:LFE) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$8.56 and last traded at C$8.55, with a volume of 109247 shares changing hands. The stock had previously closed at C$8.47.

Canadian Life Companies Split Trading Up 0.9%

The firm has a market cap of C$141.53 million, a price-to-earnings ratio of 4.91 and a beta of 3.34. The company’s 50-day moving average price is C$7.65 and its 200-day moving average price is C$7.39. The company has a quick ratio of 1.32, a current ratio of 1.72 and a debt-to-equity ratio of 141.23.

Canadian Life Companies Split Announces Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, June 10th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 14.0%. Canadian Life Companies Split’s dividend payout ratio (DPR) is currently 68.97%.

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.