Shares of Life & Banc Split Corp. (TSE:LBS – Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$8.86 and last traded at C$8.83, with a volume of 91177 shares trading hands. The stock had previously closed at C$8.72.
Life & Banc Split Trading Up 0.1 %
The company has a debt-to-equity ratio of 147.51, a quick ratio of 1.69 and a current ratio of 1.66. The business has a fifty day simple moving average of C$8.09 and a 200 day simple moving average of C$7.84. The stock has a market cap of C$405.18 million, a price-to-earnings ratio of 17.04 and a beta of 1.83.
Life & Banc Split Dividend Announcement
The business also recently disclosed a monthly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 16th were given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 13.53%. The ex-dividend date was Friday, August 30th. Life & Banc Split’s dividend payout ratio is presently 230.77%.
Insider Activity
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.
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