Canadian Life Companies Split (TSE:LFE) Hits New 1-Year High – What’s Next?

Canadian Life Companies Split Corp. (TSE:LFE) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$8.10 and last traded at C$8.10, with a volume of 131478 shares trading hands. The stock had previously closed at C$8.01.

Canadian Life Companies Split Stock Up 1.1%

The firm has a 50-day moving average of C$7.54 and a 200 day moving average of C$7.34. The company has a debt-to-equity ratio of 141.23, a current ratio of 1.72 and a quick ratio of 1.33. The stock has a market capitalization of C$134.08 million, a price-to-earnings ratio of 4.66 and a beta of 3.34.

Canadian Life Companies Split Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, June 10th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 14.8%. Canadian Life Companies Split’s dividend payout ratio (DPR) is presently 68.97%.

About Canadian Life Companies Split

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.