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Rank Canadian Life Companies Split Corp Preferreds

This compare tool allows you to Rank Canadian Life Companies Split Corp Preferreds, based on the latest stock information available. Our goal is to provide you with the information and metrics related to the Canadian Life Companies Split Corp preferreds. Your goal is to establish which preferred will provide you the best returns. If you are buying today, these tools will expedite and aid the selection process. Given all the data available here, an informed decision is within reach.

In a market with low volumes you can use this information to identify mispriced shares. Since all preferreds belong to the same issuer, the risk is the same for all of them.

Canadian Life Companies Split Corp Brief Overview

Visit the Canadian Life Companies Split Corp company website to see the preferred share prospectus, news and other information.

Sector: Split Share
Main Features of this Spit Share Instrument:

  1. Canadian Life Companies Split Corp. is a portfolio consisting of four publicly traded Canadian Life Insurance Companies.
  2. Core Holding: Great-West Lifeco Inc., iA Financial Corporation Inc., Manulife Financial Corporation, Sunlife Financial Inc.
NOTE: THIS IS A SPLIT SHARE INSTRUMENT BY "Quadravest funds"

Canadian Life Companies Split Corp offers two type of shares,

  1. (i) Class A shares: to provide holders of the Class A Shares with monthly cash dividends as the directors of the Company may from time to time determine, and; on or about December 1, 2024 (subject to further 6 year extensions thereafter) to pay the holders of Class A Shares such amounts as remain after paying the holders of the Preferred shares the amounts owing to them.
  2. Preferred Shares: to provide holders of the Class A Shares with monthly cash dividends as the directors of the Company may from time to time determine, and; on or about December 1, 2024 (subject to further 6 year extensions thereafter) to pay the holders of Class A Shares such amounts as remain after paying the holders of the Preferred shares the amounts owing to them.

The latest information and statistics on their common stock LFE, can be easily accessed using websites like TMX Money.

Dividend Payment Schedule: 2024MAR10 , 2024JUN10 , 2024SEP10 , 2024DEC10

Ex Dividend Date Schedule: 2024FEB27 , 2024MAY28 , 2024AUG28 , 2024NOV28

 

Canadian Life Companies Split Corp Preferred share Credit Ratings

The latest preferred share credit ratings for Canadian Life Companies Split Corp are listed in the table below. For additional information on credit rating agencies and codes see our article Credit Rating Symbols.

A.M. Best FITCH S&P DBRS S&P Global Moody's



 
 

Rank Canadian Life Companies Split Corp Preferreds - Compare Tool.

If you need more information on how to use the metrics below, watch our video Introduction to Compare Tools or see our post how to pick the best preferred share of a company

NOTE: Dividend dates are not fixed. The dates shown here are estimated and most likely a few days off. Do not make trades based on these dates. Always check with the issuer for the correct dates.


The following metrics are now only available on the premium version of this tool:


  1. Reset Date.
  2. Reset (Yield | Dividend).
  3. Blended (Yield | Dividend). A (What If) scenario. It represents the blended yield and dividend for the current issue. It should only be used as a reference. It is not meant to show actual returns for Yield/Dividend. This metric has merit only when applied across all issues being considered.
  4. Rate Change Percent.
  5. Rate Change To Value.
  6. New Spread Change.
  7. New Spread Value. This reflects the effect or the current price on the issue spread of the preferred. It shows the effective new spread of the share due to its drop or rise of its share value
  8. Short Position.
  9. Additional Features.
  10. Years To Double Initial Investment.
  11. Outstanding float. This is the outstanding float for this preferred.
  12. Market Cap In Bilions.
  13. Common Stock P/E Ratio.
  14. Common Stock P/B Ratio.
  15. Common Stock Yield. Current yield of the common. Should be considered if preferred yield is lower.
(EST: UTC-05:00)Last Updated: Market Data 2024-Dec-20 16:41, Model Metrics 2024-Dec-20 17:10
SymbolPrice52W High52W Low
Fixed Rate Baseyield and dividend for the current issue based on last night’s closing stock price
Current (Yield Dividend)Name
LFE-B LFE.PR.B CA1362903017 $10.61$10.61$9.94SPLIT SHARE + 6.50%07.54% $0.8000Canadian_Life_Companies_Split_Corp




Current yields over time

The graph below shows the current yield of each Canadian Life Companies Split preferred share, over time. Place the mouse cursor over the graph to reveal data like (date, ticker and current Yield).
When viewing the graph below keep in mind the following
  1. The yield has an inverse relationshlp to the share price. As the share price rises towards face value the yield gets lower.
  2. For 5 year resets, at reset time the yield usually makes a substantial move up or down when the reset takes effect.