Canadian Life Companies Split (TSE:LFE) Trading Down 0.5% – What’s Next?

Canadian Life Companies Split Corp. (TSE:LFE)’s share price traded down 0.5% on Thursday . The stock traded as low as C$5.92 and last traded at C$6.09. 47,979 shares changed hands during mid-day trading, a decline of 3% from the average session volume of 49,630 shares. The stock had previously closed at C$6.12.

Canadian Life Companies Split Stock Performance

The company has a fifty day moving average price of C$5.86 and a two-hundred day moving average price of C$6.28. The firm has a market cap of C$60.86 million, a price-to-earnings ratio of 4.64 and a beta of 2.91. The company has a debt-to-equity ratio of 210.26, a current ratio of 1.47 and a quick ratio of 1.33.

Canadian Life Companies Split Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 10th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.20 annualized dividend and a dividend yield of 19.70%. Canadian Life Companies Split’s dividend payout ratio (DPR) is 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.