Canadian Life Companies Split (TSE:LFE) Shares Up 2.5% – Still a Buy?

Canadian Life Companies Split Corp. (TSE:LFE)’s stock price rose 2.5% during mid-day trading on Tuesday . The company traded as high as C$6.18 and last traded at C$6.18. Approximately 40,762 shares were traded during trading, a decline of 21% from the average daily volume of 51,456 shares. The stock had previously closed at C$6.03.

Canadian Life Companies Split Stock Up 2.5 %

The company has a market cap of C$63.28 million, a price-to-earnings ratio of 4.68 and a beta of 2.91. The company has a debt-to-equity ratio of 210.26, a current ratio of 1.47 and a quick ratio of 1.33. The firm has a 50-day moving average price of C$6.00 and a 200 day moving average price of C$5.08.

Canadian Life Companies Split Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, September 10th were given a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 19.42%. The ex-dividend date was Friday, August 30th. Canadian Life Companies Split’s payout ratio is 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.