Canadian Life Companies Split (TSE:LFE) Hits New 52-Week High – What’s Next?

Shares of Canadian Life Companies Split Corp. (TSE:LFEGet Free Report) hit a new 52-week high on Tuesday . The company traded as high as C$7.92 and last traded at C$7.86, with a volume of 58024 shares changing hands. The stock had previously closed at C$7.86.

Canadian Life Companies Split Price Performance

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 company has a market cap of C$86.83 million, a price-to-earnings ratio of 2.66 and a beta of 3.88. The business has a fifty day moving average price of C$7.28 and a 200 day moving average price of C$6.67.

About Canadian Life Companies Split

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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.

Further Reading

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