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

Canadian Life Companies Split Corp. (TSE:LFE) announced a monthly dividend on Friday, July 31st, TickerTech Dividends reports. Shareholders of record on Monday, August 10th will be paid a dividend of 0.10 per share on Monday, August 10th. This represents a c) annualized dividend and a yield of 12.4%. The ex-dividend date of this dividend is Friday, July 31st.

Canadian Life Companies Split Stock Performance

Shares of TSE:LFE opened at C$9.68 on Wednesday. Canadian Life Companies Split has a one year low of C$6.07 and a one year high of C$9.70. The company’s 50-day moving average price is C$8.54 and its two-hundred day moving average price is C$7.76. The company has a debt-to-equity ratio of 124.90, a current ratio of 1.81 and a quick ratio of 1.32. The stock has a market capitalization of C$160.23 million, a PE ratio of 2.64 and a beta of 3.27.

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.