Life & Banc Split Corp. (TSE:LBS) Announces Monthly Dividend of $0.10

Life & Banc Split Corp. (TSE:LBS) declared a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.10 per share on Friday, February 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 13.26%. The ex-dividend date is Friday, January 31st.

Life & Banc Split Trading Up 0.3 %

TSE:LBS opened at C$9.05 on Friday. The company has a quick ratio of 1.69, a current ratio of 1.66 and a debt-to-equity ratio of 147.51. The company’s 50 day moving average is C$9.12 and its 200-day moving average is C$8.53. The firm has a market cap of C$413.40 million, a price-to-earnings ratio of 17.40 and a beta of 1.83. Life & Banc Split has a 12 month low of C$7.21 and a 12 month high of C$9.71.

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.