Life & Banc Split (TSE:LBS) Stock Price Down 1.4%

Life & Banc Split Corp. (TSE:LBS)’s stock price was down 1.4% on Tuesday . The stock traded as low as C$7.75 and last traded at C$7.76. Approximately 71,253 shares changed hands during mid-day trading, an increase of 32% from the average daily volume of 53,787 shares. The stock had previously closed at C$7.87.

Life & Banc Split Trading Down 1.4 %

The company’s 50 day moving average price is C$7.85 and its two-hundred day moving average price is C$7.66. The company has a debt-to-equity ratio of 132.94, a current ratio of 1.74 and a quick ratio of 1.69. The stock has a market capitalization of C$321.26 million, a PE ratio of 5.21 and a beta of 1.89.

Life & Banc Split Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, April 12th were paid a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 15.46%. The ex-dividend date of this dividend was Wednesday, March 27th. Life & Banc Split’s dividend payout ratio (DPR) is presently 80.54%.

Life & Banc Split Company Profile

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.