Canadian Life Companies Split (TSE:LFE) Stock Price Up 0.5% – Here’s Why

Canadian Life Companies Split Corp. (TSE:LFE) shares were up 0.5% during mid-day trading on Wednesday . The company traded as high as C$5.94 and last traded at C$5.93. Approximately 23,601 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 57,421 shares. The stock had previously closed at C$5.90.

Canadian Life Companies Split Trading Up 0.5 %

The business has a fifty day simple moving average of C$6.28 and a 200-day simple moving average of C$6.14. The company has a debt-to-equity ratio of 210.26, a quick ratio of 1.33 and a current ratio of 1.47. The firm has a market cap of C$59.26 million, a price-to-earnings ratio of 4.52 and a beta of 2.91.

Canadian Life Companies Split Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 10th were paid a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 20.24%. The ex-dividend date was Friday, January 31st. Canadian Life Companies Split’s payout ratio is currently 91.38%.

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.