Canadian Life Companies Split (TSE:LFE) Hits New 52-Week High – What’s Next?

Canadian Life Companies Split Corp. (TSE:LFE) shares reached a new 52-week high on Friday . The stock 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 Price Performance

The company has a quick ratio of 1.33, a current ratio of 1.47 and a debt-to-equity ratio of 210.26. The company has a 50 day simple moving average of C$6.53 and a 200-day simple moving average of C$6.38. 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.

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 given a dividend of $0.10 per share. Canadian Life Companies Split’s dividend payout ratio is currently 34.72%.

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.