Canadian Life Companies Split Corp. (TSE:LFE) to Issue $0.10 Monthly Dividend

Canadian Life Companies Split Corp. (TSE:LFE) announced a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Shareholders of record on Monday, March 10th will be given a dividend of 0.10 per share on Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a yield of 20.44%. The ex-dividend date of this dividend is Friday, February 28th.

Canadian Life Companies Split Price Performance

Shares of Canadian Life Companies Split stock traded up C$0.08 during trading on Wednesday, hitting C$5.87. 14,080 shares of the company were exchanged, compared to its average volume of 55,437. Canadian Life Companies Split has a fifty-two week low of C$3.36 and a fifty-two week high of C$7.06. The stock has a market capitalization of C$58.66 million, a price-to-earnings ratio of 4.47 and a beta of 2.91. The firm has a 50 day moving average price of C$6.19 and a 200 day moving average price of C$6.19. The company has a quick ratio of 1.33, a current ratio of 1.47 and a debt-to-equity ratio of 210.26.

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.