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

Canadian Life Companies Split Corp. (TSE:LFE)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as C$9.40 and last traded at C$9.41, with a volume of 86132 shares changing hands. The stock had previously closed at C$9.58.

Canadian Life Companies Split Stock Down 2.4%

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 firm has a market capitalization of C$154.77 million, a P/E ratio of 5.37 and a beta of 3.27. The firm’s fifty day moving average price is C$8.37 and its 200-day moving average price is C$7.70.

Canadian Life Companies Split Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 10th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.10 per share. This represents a c) dividend on an annualized basis and a yield of 12.8%. The ex-dividend date of this dividend is Friday, July 31st. Canadian Life Companies Split’s dividend payout ratio (DPR) is presently 68.97%.

Canadian Life Companies Split Company Profile

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.