Life & Banc Split (TSE:LBS) Shares Up 0.4%

Life & Banc Split Corp. (TSE:LBS) traded up 0.4% during mid-day trading on Tuesday . The company traded as high as C$7.76 and last traded at C$7.76. 66,348 shares traded hands during mid-day trading, an increase of 14% from the average session volume of 58,337 shares. The stock had previously closed at C$7.73.

Life & Banc Split Stock Performance

The business’s fifty day simple moving average is C$7.83 and its 200-day simple moving average is C$7.67. The company has a debt-to-equity ratio of 131.80, a quick ratio of 1.69 and a current ratio of 1.74. The company has a market capitalization of C$335.39 million, a P/E ratio of 5.21 and a beta of 1.88.

Life & Banc Split Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, April 12th were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.20 annualized dividend and a dividend yield of 15.46%. Life & Banc Split’s payout ratio is presently 80.54%.

About Life & Banc Split

Life & Banc Split Corp. is a closed-ended equity mutual fund launched and managed by Brompton Funds Limited. The fund invests in the public equity markets of Canada. It seeks to invest in stocks of companies operating across banking and life insurance sector. The fund primarily invests in the stocks of the six largest banks of the country, as well as of life insurance companies, utilizing a split share structure on a low cost basis.