Canadian Life Companies Split Corp. (TSE:LFE – Get Free Report) hit a new 52-week high on Monday . The stock traded as high as C$9.10 and last traded at C$9.06, with a volume of 30280 shares changing hands. The stock had previously closed at C$9.01.
Canadian Life Companies Split Stock Down 1.2%
The business’s fifty day simple moving average is C$7.97 and its 200 day simple moving average is C$7.54. The company has a current ratio of 1.72, a quick ratio of 1.32 and a debt-to-equity ratio of 141.23. The stock has a market cap of C$149.31 million, a price-to-earnings ratio of 5.18 and a beta of 3.27.
Canadian Life Companies Split Dividend Announcement
The business also recently disclosed a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, June 10th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 13.3%. Canadian Life Companies Split’s payout ratio is 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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