Canadian Life Companies Split (TSE:LFE) Reaches New 12-Month High – Still a Buy?

Canadian Life Companies Split Corp. (TSE:LFE)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as C$6.60 and last traded at C$6.60, with a volume of 32950 shares trading hands. The stock had previously closed at C$6.47.

Canadian Life Companies Split Trading Up 1.1 %

The stock has a market cap of C$66.97 million, a price-to-earnings ratio of 4.95 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. The company’s 50 day simple moving average is C$5.47 and its two-hundred day simple moving average is C$4.85.

Canadian Life Companies Split Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, September 10th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.20 annualized dividend and a yield of 18.35%. Canadian Life Companies Split’s dividend payout ratio is presently 90.91%.

Canadian Life Companies Split Company Profile

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.