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

Life & Banc Split Corp. (TSE:LBS) traded up 0.4% on Tuesday . The company traded as high as C$7.76 and last traded at C$7.76. 66,348 shares traded hands during 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 Up 0.4 %

The company has a quick ratio of 1.69, a current ratio of 1.74 and a debt-to-equity ratio of 131.80. The stock has a 50 day moving average of C$7.83 and a 200 day moving average of C$7.67. The firm has a market capitalization of C$335.39 million, a price-to-earnings ratio of 5.21 and a beta of 1.88.

Life & Banc Split Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, April 12th were given a dividend of $0.10 per share. 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 dividend payout ratio is currently 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.