Canadian Life Companies Split (TSE:LFE) Stock Price Crosses Below 50 Day Moving Average – What’s Next?

Canadian Life Companies Split Corp. (TSE:LFE)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$5.85 and traded as low as C$5.31. Canadian Life Companies Split shares last traded at C$5.43, with a volume of 88,504 shares.

Canadian Life Companies Split Stock Down 8.4 %

The stock has a market cap of C$54.26 million, a price-to-earnings ratio of 4.14 and a beta of 2.91. The firm’s fifty day moving average price is C$5.85 and its two-hundred day moving average price is C$6.30. The company has a debt-to-equity ratio of 210.26, a current ratio of 1.47 and a quick ratio of 1.33.

Canadian Life Companies Split Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 10th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.20 annualized dividend and a yield of 22.10%. Canadian Life Companies Split’s payout ratio is currently 91.38%.

Canadian Life Companies Split Company Profile

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.