Canadian Life Companies Split Corp. (LFE) to Distribute Monthly Dividend of $0.10 on August 10th

Canadian Life Companies Split Corp. (TSE:LFE) declared a monthly dividend on Friday, July 31st, TickerTech Dividends reports. Investors 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 12.5%. The ex-dividend date is Friday, July 31st.

Canadian Life Companies Split Stock Performance

Canadian Life Companies Split stock traded down C$0.07 on Wednesday, reaching C$9.61. 31,908 shares of the stock were exchanged, compared to its average volume of 120,208. The stock has a market cap of C$159.07 million, a PE ratio of 2.63 and a beta of 3.27. The company has a current ratio of 1.81, a quick ratio of 1.32 and a debt-to-equity ratio of 124.90. Canadian Life Companies Split has a twelve month low of C$6.07 and a twelve month high of C$9.70. The firm has a fifty day moving average price of C$8.54 and a two-hundred day moving average price of C$7.76.

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.