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

Life & Banc Split Corp. (TSE:LBS)’s stock price fell 1.4% during trading on Tuesday . The stock traded as low as C$7.75 and last traded at C$7.76. 71,253 shares traded hands during 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 Price Performance

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

Life & Banc Split Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, April 12th were issued a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 16.06%. The ex-dividend date was Wednesday, March 27th. Life & Banc Split’s payout ratio is currently 80.54%.

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.