Canadian Life Companies Split (TSE:LFE) Shares Down 0.5% – Should You Sell?

Canadian Life Companies Split Corp. (TSE:LFE) shares dropped 0.5% during mid-day trading on Thursday . The stock traded as low as C$5.92 and last traded at C$6.09. Approximately 47,979 shares changed hands during mid-day trading, a decline of 3% from the average daily volume of 49,630 shares. The stock had previously closed at C$6.12.

Canadian Life Companies Split Price Performance

The business has a fifty day simple moving average of C$5.86 and a 200-day simple moving average of C$6.29. The stock has a market capitalization of C$61.06 million, a P/E ratio of 4.65 and a beta of 2.91. 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 Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 10th were issued a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 19.64%. The ex-dividend date of this dividend was Friday, February 28th. Canadian Life Companies Split’s payout ratio is 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.