Canadian Life Companies Split Corp. Announces Monthly Dividend of $0.10 (TSE:LFE)

Canadian Life Companies Split Corp. (TSE:LFEGet Free Report) declared a monthly dividend on Friday, July 31st, TickerTech Dividends reports. Investors of record on Monday, August 10th will be paid a dividend of 0.10 per share on Monday, August 10th. This represents a c) dividend on an annualized basis and a yield of 12.4%. The ex-dividend date of this dividend is Friday, July 31st.

Canadian Life Companies Split Stock Performance

TSE:LFE opened at C$9.68 on Wednesday. Canadian Life Companies Split has a 1 year low of C$6.07 and a 1 year high of C$9.70. 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 stock has a fifty day moving average price of C$8.54 and a two-hundred day moving average price of C$7.76. The stock has a market capitalization of C$160.23 million, a price-to-earnings ratio of 2.64 and a beta of 3.27.

Canadian Life Companies Split Company Profile

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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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Dividend History for Canadian Life Companies Split (TSE:LFE)

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