Life & Banc Split Corp. (TSE:LBS) shares were up 0.9% during trading on Wednesday . The stock traded as high as C$7.50 and last traded at C$7.50, approximately 20,100 shares changed hands during trading. A decline of 65% from the average daily volume of 56,787 shares. The stock had previously closed at C$7.43.

The company’s 50 day moving average price is C$7.62 and its 200 day moving average price is C$7.74. The company has a market cap of $203.36 million and a price-to-earnings ratio of -30.86. The company has a debt-to-equity ratio of 138.24, a quick ratio of 65.87 and a current ratio of 65.87.

The firm also recently declared a monthly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 16th were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, August 29th. This represents a $1.20 annualized dividend and a dividend yield of 15.89%. Life & Banc Split’s dividend payout ratio (DPR) is -493.83%.

About Life & Banc Split (TSE:LBS)

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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