Canadian Life Companies Split (TSE:LFE) Shares Down 0.5% – Should You Sell?

Shares of Canadian Life Companies Split Corp. (TSE:LFE) fell 0.5% during trading on Thursday . The company traded as low as C$5.92 and last traded at C$6.09. 47,979 shares traded hands during trading, a decline of 3% from the average session volume of 49,630 shares. The stock had previously closed at C$6.12.

Canadian Life Companies Split Stock Performance

The firm’s fifty day simple moving average is C$5.86 and its 200 day simple moving average is C$6.28. The company has a market capitalization of C$60.86 million, a price-to-earnings ratio of 4.64 and a beta of 2.91. 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 disclosed a monthly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 10th were paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 19.70%. The ex-dividend date was Friday, February 28th. Canadian Life Companies Split’s dividend payout ratio is 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.