Life & Banc Split (TSE:LBS) Trading Down 1.4%

Life & Banc Split Corp. (TSE:LBS)’s share price traded down 1.4% during trading on Tuesday . The company traded as low as C$7.75 and last traded at C$7.76. 71,253 shares traded hands during mid-day trading, an increase of 32% from the average session volume of 53,787 shares. The stock had previously closed at C$7.87.

Life & Banc Split Trading Down 2.7 %

The firm has a market capitalization of C$309.26 million, a PE ratio of 5.01 and a beta of 1.89. The company has a quick ratio of 1.69, a current ratio of 1.74 and a debt-to-equity ratio of 132.94. The company’s 50-day simple moving average is C$7.85 and its 200 day simple moving average is C$7.66.

Life & Banc Split Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, April 12th. Investors of record on Friday, April 12th were paid 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 16.06%. Life & Banc Split’s dividend payout ratio (DPR) is presently 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.