Canadian Life Companies Split (TSE:LFE) Reaches New 1-Year High – What’s Next?

Canadian Life Companies Split Corp. (TSE:LFE)’s share price hit a new 52-week high on Thursday . The company traded as high as C$7.31 and last traded at C$7.28, with a volume of 106923 shares. The stock had previously closed at C$7.20.

Canadian Life Companies Split Trading Up 1.1%

The firm has a market cap of C$78.23 million, a P/E ratio of 2.40 and a beta of 3.68. The firm has a fifty day moving average of C$6.59 and a 200-day moving average of C$6.40. The company has a debt-to-equity ratio of 210.26, a quick ratio of 1.33 and a current ratio of 1.47.

Canadian Life Companies Split Announces Dividend

The firm also recently declared a sep 25 dividend, which was paid on Friday, October 10th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.10 per share. Canadian Life Companies Split’s dividend payout ratio (DPR) is presently 34.72%.

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.