Canadian Life Companies Split (TSE:LFE) Sets New 52-Week High – Still a Buy?

Canadian Life Companies Split Corp. (TSE:LFE) reached a new 52-week high on Thursday . The company traded as high as C$6.84 and last traded at C$6.78, with a volume of 137781 shares changing hands. The stock had previously closed at C$6.63.

Canadian Life Companies Split Stock Performance

The business has a 50 day moving average price of C$6.09 and a two-hundred day moving average price of C$5.12. The company has a debt-to-equity ratio of 210.26, a quick ratio of 1.33 and a current ratio of 1.47. The company has a market cap of C$68.40 million, a P/E ratio of 5.06 and a beta of 2.91.

Canadian Life Companies Split Dividend Announcement

The company 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. This represents a $1.20 annualized dividend and a dividend yield of 17.96%. The ex-dividend date was Friday, August 30th. Canadian Life Companies Split’s dividend payout ratio is 90.91%.

About Canadian Life Companies Split

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.