Canadian Life Companies Split (TSE:LFE) Shares Cross Above 50 Day Moving Average – Time to Sell?

Shares of Canadian Life Companies Split Corp. (TSE:LFE) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$8.81 and traded as high as C$9.55. Canadian Life Companies Split shares last traded at C$9.37, with a volume of 135,273 shares trading hands.

Canadian Life Companies Split Stock Down 1.5%

The company has a current ratio of 1.81, a quick ratio of 1.32 and a debt-to-equity ratio of 124.90. The firm’s 50 day simple moving average is C$8.81 and its two-hundred day simple moving average is C$7.86. The firm has a market cap of C$203.82 million, a price-to-earnings ratio of 2.56 and a beta of 3.27.

Canadian Life Companies Split Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 10th. Stockholders of record on Monday, August 10th will be given a $0.10 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date is Friday, July 31st. Canadian Life Companies Split’s payout ratio is presently 32.79%.

Canadian Life Companies Split Company Profile

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.