Canadian Life Companies Split (TSE:LFE) Sets New 1-Year High – Time to Buy?

by · The Markets Daily

Canadian Life Companies Split Corp. (TSE:LFE – Get Free Report) shares reached a new 52-week high on Friday . The company traded as high as C$7.06 and last traded at C$7.04, with a volume of 43997 shares. The stock had previously closed at C$7.01.

Canadian Life Companies Split Stock Performance

The stock has a market cap of C$75.65 million, a price-to-earnings ratio of 2.32 and a beta of 3.68. The company has a debt-to-equity ratio of 210.26, a current ratio of 1.47 and a quick ratio of 1.33. The firm has a fifty day moving average of C$6.53 and a 200 day moving average of C$6.38.

Canadian Life Companies Split Announces Dividend

The business also recently disclosed a sep 25 dividend, which was paid on Friday, October 10th. Investors of record on Tuesday, September 30th were issued a $0.10 dividend. Canadian Life Companies Split’s dividend payout ratio (DPR) is currently 34.72%.

About Canadian Life Companies Split

(Get Free Report)

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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