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

Canadian Life Companies Split Corp. (TSE:LFE) announced a monthly dividend on Friday, May 29th, TickerTech Dividends reports. Investors of record on Wednesday, June 10th will be given a dividend of 0.10 per share on Wednesday, June 10th. This represents a c) dividend on an annualized basis and a yield of 15.2%. The ex-dividend date is Friday, May 29th.

Canadian Life Companies Split Trading Down 0.9%

Canadian Life Companies Split stock opened at C$7.87 on Wednesday. The stock has a market cap of C$130.27 million, a PE ratio of 4.52 and a beta of 3.16. The stock has a 50-day moving average price of C$7.31 and a 200 day moving average price of C$7.22. Canadian Life Companies Split has a 52 week low of C$5.98 and a 52 week high of C$8.15. The company has a current ratio of 1.72, a quick ratio of 1.33 and a debt-to-equity ratio of 141.23.

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.