Canadian Life Companies Split (TSE:LFE) Trading 1.2% Higher – Here’s What Happened

Shares of Canadian Life Companies Split Corp. (TSE:LFE) traded up 1.2% during trading on Thursday . The stock traded as high as C$6.71 and last traded at C$6.70. 93,212 shares traded hands during mid-day trading, an increase of 60% from the average session volume of 58,364 shares. The stock had previously closed at C$6.62.

Canadian Life Companies Split Price Performance

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’s 50-day moving average is C$6.48 and its two-hundred day moving average is C$6.36. The stock has a market cap of C$72.86 million, a PE ratio of 2.23 and a beta of 3.68.

Canadian Life Companies Split Dividend Announcement

The firm also recently declared a sep 25 dividend, which was paid on Friday, October 10th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.10 per share. Canadian Life Companies Split’s dividend payout ratio (DPR) is presently 34.72%.

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.