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. Stockholders 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 dividend yield of 20.58%. The ex-dividend date is Friday, February 28th.

Canadian Life Companies Split Trading Up 0.7 %

TSE LFE traded up C$0.04 during mid-day trading on Wednesday, reaching C$5.83. 4,980 shares of the stock were exchanged, compared to its average volume of 55,137. The stock has a market cap of C$58.26 million, a P/E ratio of 4.44 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. Canadian Life Companies Split has a one year low of C$3.36 and a one year high of C$7.06. The stock has a 50 day simple moving average of C$6.19 and a 200-day simple moving average of C$6.19.

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.