Canadian Life Companies Split Corp. (TSE:LFE) to Issue Monthly Dividend of $0.10

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 given a dividend of 0.10 per share on Monday, August 10th. This represents a c) dividend on an annualized basis and a dividend yield of 12.4%. The ex-dividend date is Friday, July 31st.

Canadian Life Companies Split Price Performance

LFE stock opened at C$9.68 on Wednesday. The firm has a 50 day moving average of C$8.54 and a 200-day moving average of C$7.76. The company has a market cap of C$160.23 million, a price-to-earnings ratio of 2.64 and a beta of 3.27. The company has a current ratio of 1.81, a quick ratio of 1.32 and a debt-to-equity ratio of 124.90. Canadian Life Companies Split has a 12-month low of C$6.07 and a 12-month high of C$9.70.

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.