Canadian Life Companies Split Corp. (TSE:LFE – Get Free Report) reached a new 52-week high on Monday . The stock traded as high as C$9.29 and last traded at C$9.20, with a volume of 83871 shares traded. The stock had previously closed at C$9.24.
Canadian Life Companies Split Trading Down 0.2%
The business’s 50-day simple moving average is C$8.06 and its two-hundred day simple moving average is C$7.58. 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 capitalization of C$152.62 million, a price-to-earnings ratio of 5.30 and a beta of 3.27.
Canadian Life Companies Split Announces Dividend
The company also recently disclosed a monthly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, June 10th were issued 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 13.0%. Canadian Life Companies Split’s payout ratio 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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