Canadian Life Companies Split Corp. (TSE:LFE – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$5.46 and last traded at C$5.45, with a volume of 104029 shares traded. The stock had previously closed at C$5.33.
Canadian Life Companies Split Stock Up 3.4 %
The company has a current ratio of 1.47, a quick ratio of 1.33 and a debt-to-equity ratio of 210.26. The business has a 50 day moving average of C$4.79 and a 200-day moving average of C$4.65. The stock has a market cap of C$56.42 million, a PE ratio of 4.04 and a beta of 2.90.
Canadian Life Companies Split Dividend Announcement
The firm also recently announced a monthly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, September 10th were issued a $0.10 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 21.78%. Canadian Life Companies Split’s payout ratio is 90.91%.
Canadian Life Companies Split Company Profile
Canadian Life Companies Split Corp. is a closed-ended equity mutual fund launched and managed by Quadravest Capital Management Inc It invests in the public equity markets of Canada. The fund seeks to invest in stocks of companies operating in the life insurance sector. It primarily invests in stocks of four publicly traded life insurance companies namely Great-West Lifeco Inc, Industrial Alliance Insurance and Financial Services Inc, Manulife Financial Corporation, and Sun Life Financial Inc The fund employs fundamental analysis with a focus on such factors as a firm's earning history, relative price-earnings multiple, cash flow, dividend yield, market position, and growth prospects to create its portfolio.
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