Life & Banc Split (TSE:LBS) Stock Price Down 0.7%

Life & Banc Split Corp. (TSE:LBS) fell 0.7% on Tuesday . The company traded as low as C$7.61 and last traded at C$7.63. 29,502 shares were traded during trading, a decline of 54% from the average session volume of 64,315 shares. The stock had previously closed at C$7.68.

Life & Banc Split Stock Up 0.5 %

The stock has a 50-day simple moving average of C$7.55 and a two-hundred day simple moving average of C$7.72. 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 firm has a market cap of C$351.74 million, a PE ratio of 5.17 and a beta of 1.82.

Life & Banc Split Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, July 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 15.58%. Life & Banc Split’s dividend payout ratio (DPR) is currently 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.