Canadian Life Companies Split (TSE:LFE) Sets New 1-Year High – Time to Buy?

Canadian Life Companies Split Corp. (TSE:LFE)’s share price hit a new 52-week high on Monday . The company traded as high as C$8.70 and last traded at C$8.70, with a volume of 106327 shares changing hands. The stock had previously closed at C$8.68.

Canadian Life Companies Split Stock Down 0.1%

The company has a debt-to-equity ratio of 141.23, a current ratio of 1.72 and a quick ratio of 1.32. The company has a market capitalization of C$143.51 million, a PE ratio of 4.98 and a beta of 3.34. The business has a 50-day moving average of C$7.78 and a 200 day moving average of C$7.45.

Canadian Life Companies Split Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, June 10th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 13.8%. Canadian Life Companies Split’s payout ratio is presently 68.97%.

About Canadian Life Companies Split

The Companys investment objectives are (i) to provide holders of Preferred Shares with fixed cumulative preferential monthly cash dividends in the amount of $0.04375 per Preferred Share to yield 5.25% per annum on the original issue price (ii) to provide holders of Class A Shares with regular monthly cash distributions targeted to be $0.10 per Class A Share to yield 8.0% per annum on the original issue price and (iii) to return the original issue price to holders of both Preferred Shares and Class A Shares at the time of the redemption of such shares on December 1, 2012.