Canadian Life Companies Split (TSE:LFE) Reaches New 12-Month High – Still a Buy?

Canadian Life Companies Split Corp. (TSE:LFE) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$7.31 and last traded at C$7.21, with a volume of 13204 shares trading hands. The stock had previously closed at C$7.27.

Canadian Life Companies Split Stock Performance

The firm has a market cap of C$74.44 million, a PE ratio of 5.46 and a beta of 2.91. The company has a quick ratio of 1.33, a current ratio of 1.47 and a debt-to-equity ratio of 210.26. The stock’s fifty day simple moving average is C$6.49 and its two-hundred day simple moving average is C$5.36.

Canadian Life Companies Split Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, September 10th were issued a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 16.51%. The ex-dividend date was Friday, August 30th. Canadian Life Companies Split’s dividend payout ratio (DPR) is presently 90.91%.

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.