Life & Banc Split Corp. (TSE:LBS - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$8.60 and last traded at C$8.58, with a volume of 51959 shares trading hands. The stock had previously closed at C$8.58.
Life & Banc Split Trading Up 0.1 %
The company has a current ratio of 1.66, a quick ratio of 1.69 and a debt-to-equity ratio of 147.51. The company has a market capitalization of C$392.39 million, a P/E ratio of 16.52 and a beta of 1.82. The stock has a 50 day moving average of C$7.97 and a 200-day moving average of C$7.82.
Life & Banc Split Announces Dividend
The firm also recently declared a monthly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 16th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.20 annualized dividend and a yield of 13.97%. Life & Banc Split's payout ratio is 230.77%.
Insiders Place Their Bets
In other Life & Banc Split news, Senior Officer Laura Wing-Sze Lau sold 4,900 shares of the company's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of C$10.62, for a total value of C$52,038.00.
About Life & Banc Split
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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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