Canadian Life Companies Split Corp. (TSE:LFE) Declares Monthly Dividend of $0.10

Canadian Life Companies Split Corp. (TSE:LFE) announced a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Investors of record on Monday, February 10th will be given a dividend of 0.10 per share on Monday, February 10th. This represents a $1.20 annualized dividend and a yield of 19.51%. The ex-dividend date is Friday, January 31st.

Canadian Life Companies Split Price Performance

Canadian Life Companies Split stock opened at C$6.15 on Wednesday. Canadian Life Companies Split has a 12-month low of C$3.36 and a 12-month high of C$7.06. The stock has a market cap of C$62.98 million, a P/E ratio of 4.66 and a beta of 2.91. The company has a 50-day moving average price of C$6.68 and a 200 day moving average price of C$5.99. The company has a current ratio of 1.47, a quick ratio of 1.33 and a debt-to-equity ratio of 210.26.

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.