Canadian Life Companies Split (TSE:LFE) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Canadian Life Companies Split Corp. (TSE:LFE)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$5.85 and traded as low as C$5.31. Canadian Life Companies Split shares last traded at C$5.43, with a volume of 88,504 shares traded.

Canadian Life Companies Split Stock Down 8.4 %

The stock’s fifty day moving average is C$5.85 and its two-hundred day moving average is C$6.30. The company has a market capitalization of C$54.26 million, a PE ratio of 4.14 and a beta of 2.91. The company has a current ratio of 1.47, a quick ratio of 1.33 and a debt-to-equity ratio of 210.26.

Canadian Life Companies Split Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 10th were paid a $0.10 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.20 annualized dividend and a yield of 22.10%. Canadian Life Companies Split’s dividend payout ratio is currently 91.38%.

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.