Canadian Life Companies Split Corp. Plans Monthly Dividend of $0.10 (TSE:LFE)

Canadian Life Companies Split Corp. (TSE:LFE) announced a monthly dividend on Friday, May 29th, TickerTech Dividends reports. Stockholders of record on Wednesday, June 10th will be paid a dividend of 0.10 per share on Wednesday, June 10th. This represents a c) dividend on an annualized basis and a dividend yield of 15.2%. The ex-dividend date is Friday, May 29th.

Canadian Life Companies Split Stock Performance

LFE stock opened at C$7.87 on Wednesday. The company has a current ratio of 1.72, a quick ratio of 1.33 and a debt-to-equity ratio of 141.23. The firm has a market cap of C$130.27 million, a P/E ratio of 4.52 and a beta of 3.16. Canadian Life Companies Split has a 12-month low of C$5.98 and a 12-month high of C$8.15. The stock’s 50 day simple moving average is C$7.31 and its 200 day simple moving average is C$7.22.

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.