Canadian Life Companies Split (TSE:LFE) Reaches New 12-Month High – Here’s Why

Canadian Life Companies Split Corp. (TSE:LFE)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$7.42 and last traded at C$7.40, with a volume of 82524 shares. The stock had previously closed at C$7.36.

Canadian Life Companies Split Trading Up 0.8%

The stock has a market capitalization of C$79.74 million, a PE ratio of 2.44 and a beta of 3.88. The company’s 50 day moving average price is C$6.82 and its two-hundred day moving average price is C$6.48. 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 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.