Canadian Life Companies Split (TSE:LFE) Stock Price Up 0.5% – Time to Buy?

Canadian Life Companies Split Corp. (TSE:LFE)’s share price rose 0.5% during mid-day trading on Wednesday . The company traded as high as C$5.94 and last traded at C$5.93. Approximately 23,601 shares traded hands during trading, a decline of 59% from the average daily volume of 57,421 shares. The stock had previously closed at C$5.90.

Canadian Life Companies Split Trading Up 0.5 %

The firm’s fifty day simple moving average is C$6.28 and its 200 day simple moving average is C$6.14. 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 stock has a market capitalization of C$59.26 million, a P/E ratio of 4.52 and a beta of 2.91.

Canadian Life Companies Split Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, February 10th. Shareholders of record on Monday, February 10th were issued a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 20.24%. The ex-dividend date of this dividend was Friday, January 31st. Canadian Life Companies Split’s dividend payout ratio is presently 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.