Life & Banc Split (TSE:LBS) Sets New 12-Month High – Here’s Why

Life & Banc Split Corp. (TSE:LBS)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$9.19 and last traded at C$9.15, with a volume of 54637 shares. The stock had previously closed at C$9.12.

Life & Banc Split Stock Performance

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 stock has a market capitalization of C$422.08 million, a PE ratio of 17.77 and a beta of 1.83. The firm’s fifty day moving average is C$8.55 and its 200-day moving average is C$7.98.

Life & Banc Split Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 16th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.20 annualized dividend and a dividend yield of 12.99%. Life & Banc Split’s dividend payout ratio is currently 230.77%.

Insider Activity at Life & Banc Split

In related news, Senior Officer Laura Wing-Sze Lau sold 4,900 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of C$10.62, for a total transaction of C$52,038.00.

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.