Life & Banc Split (TSE:LBS) Hits New 1-Year High – Here’s Why

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

Life & Banc Split Price Performance

The stock has a market cap of C$418.43 million, a PE ratio of 17.42 and a beta of 1.83. The company has a quick ratio of 1.69, a current ratio of 1.66 and a debt-to-equity ratio of 147.51. The firm’s fifty day moving average price is C$8.49 and its 200 day moving average price is C$7.96.

Life & Banc Split Dividend Announcement

The company 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 of this dividend was Friday, August 30th. This represents a $1.20 annualized dividend and a dividend yield of 13.10%. Life & Banc Split’s dividend payout ratio is currently 230.77%.

Insider Buying and Selling at Life & Banc Split

In other Life & Banc Split news, Senior Officer Laura Wing-Sze Lau sold 4,900 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of C$10.62, for a total transaction of C$52,038.00.

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.