Canadian Life Companies Declares Preferred Dividend

Canadian Life Companies Split Corp. Class A (TSE:LFE) has released an update.

Canadian Life Companies Split Corp. has announced a monthly distribution of $0.06667 per Preferred share, totaling $0.800 annually, with the payment due on July 10, 2024, for shareholders recorded on June 28, 2024. Class A shareholders will not receive a June distribution due to the stipulation that no dividends are paid if net asset value per unit is at or below $15.00. The company’s investment portfolio includes major Canadian life insurance firms like Great-West Lifeco, Industrial Alliance, Manulife, and Sun Life Financial.

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