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

Canadian Life Companies Split Corp. (TSE:LFE) announced a monthly dividend on Friday, July 31st, TickerTech Dividends reports. Stockholders 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 dividend yield of 12.4%. The ex-dividend date of this dividend is Friday, July 31st.

Canadian Life Companies Split Stock Down 0.3%

TSE:LFE traded down C$0.03 during mid-day trading on Wednesday, hitting C$9.65. 16,325 shares of the company’s stock traded hands, compared to its average volume of 121,078. The company has a fifty day moving average of C$8.54 and a 200 day moving average of C$7.76. The company has a debt-to-equity ratio of 124.90, a quick ratio of 1.32 and a current ratio of 1.81. Canadian Life Companies Split has a twelve month low of C$6.07 and a twelve month high of C$9.70. The company has a market capitalization of C$159.74 million, a P/E 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.