Life & Banc Split (TSE:LBS) Hits New 12-Month High at $8.35

Shares of Life & Banc Split Corp. (TSE:LBS) reached a new 52-week high on Tuesday . The company traded as high as C$8.35 and last traded at C$8.29, with a volume of 139722 shares traded. The stock had previously closed at C$8.17.

Life & Banc Split Price Performance

The company has a debt-to-equity ratio of 147.51, a current ratio of 1.66 and a quick ratio of 1.69. The firm has a market cap of C$383.71 million, a price-to-earnings ratio of 16.13 and a beta of 1.82. The business’s 50-day moving average price is C$7.69 and its two-hundred day moving average price is C$7.75.

Life & Banc Split Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, September 16th. Stockholders 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 dividend yield of 14.29%. The ex-dividend date of this dividend was Friday, August 30th. Life & Banc Split’s payout ratio is currently 230.77%.

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.