Canadian Life Companies Split (TSE:LFE) Hits New 52-Week High – Time to Buy?

Canadian Life Companies Split Corp. (TSE:LFE) shares reached a new 52-week high on Thursday . The stock 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 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 firm’s fifty day moving average price is C$6.03 and its two-hundred day moving average price is C$5.09. The stock has a market capitalization of C$69.73 million, a PE ratio of 5.02 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. Shareholders of record on Tuesday, September 10th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.20 annualized dividend and a yield of 17.62%. Canadian Life Companies Split’s 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.