Canadian Life Companies Split (TSE:LFE) Hits New 1-Year High – Still a Buy?

Canadian Life Companies Split Corp. (TSE:LFE)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as C$7.31 and last traded at C$7.28, with a volume of 106923 shares traded. The stock had previously closed at C$7.20.

Canadian Life Companies Split Price Performance

The company has a current ratio of 1.47, a quick ratio of 1.33 and a debt-to-equity ratio of 210.26. The firm has a market capitalization of C$78.23 million, a price-to-earnings ratio of 2.40 and a beta of 3.68. The firm has a 50 day moving average price of C$6.63 and a two-hundred day moving average price of C$6.41.

Canadian Life Companies Split Dividend Announcement

The firm also recently announced a sep 25 dividend, which was paid on Friday, October 10th. Stockholders of record on Tuesday, September 30th were paid a $0.10 dividend. Canadian Life Companies Split’s dividend payout ratio is presently 34.72%.

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.