Shares of Life & Banc Split Corp. (TSE:LBS - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$8.86 and last traded at C$8.83, with a volume of 91177 shares changing hands. The stock had previously closed at C$8.72.
Life & Banc Split Stock Up 1.3 %
The firm's 50-day moving average price is C$8.07 and its 200 day moving average price is C$7.83. 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$403.35 million, a price-to-earnings ratio of 16.98 and a beta of 1.83.
Life & Banc Split Announces Dividend
The company also recently disclosed a monthly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 16th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.20 annualized dividend and a yield of 13.59%. Life & Banc Split's dividend payout ratio is currently 230.77%.
Insiders Place Their Bets
In other news, Senior Officer Laura Wing-Sze Lau sold 4,900 shares of Life & Banc Split stock in a transaction 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.
Life & Banc Split Company Profile
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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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