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

Canadian Life Companies Split Corp. (TSE:LFE) announced a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Shareholders of record on Monday, February 10th will be given a dividend of 0.10 per share on Monday, February 10th. This represents a $1.20 dividend on an annualized basis and a yield of 19.67%. The ex-dividend date of this dividend is Friday, January 31st.

Canadian Life Companies Split Stock Performance

TSE LFE traded down C$0.05 during trading on Wednesday, hitting C$6.10. The company’s stock had a trading volume of 29,448 shares, compared to its average volume of 65,320. Canadian Life Companies Split has a 52 week low of C$3.36 and a 52 week high of C$7.06. The firm has a market cap of C$62.46 million, a P/E ratio of 4.62 and a beta of 2.91. The firm has a 50 day moving average price of C$6.68 and a 200 day moving average price of C$5.99. The company has a quick ratio of 1.33, a current ratio of 1.47 and a debt-to-equity ratio of 210.26.

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.