Canadian Life Companies Split Corp. (TSE:LFE – Get Free Report) shares reached a new 52-week high during trading on Monday . The stock traded as high as C$8.70 and last traded at C$8.70, with a volume of 106327 shares traded. The stock had previously closed at C$8.68.
Canadian Life Companies Split Stock Performance
The firm has a market capitalization of C$143.85 million, a PE ratio of 4.99 and a beta of 3.34. The business has a 50-day simple moving average of C$7.83 and a 200-day simple moving average of C$7.48. The company has a debt-to-equity ratio of 141.23, a current ratio of 1.72 and a quick ratio of 1.32.
Canadian Life Companies Split Dividend Announcement
The business also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, June 10th were given a $0.10 dividend. The ex-dividend date was Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 13.8%. Canadian Life Companies Split’s dividend payout ratio (DPR) is currently 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.
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