Life & Banc Split (TSE:LBS) Reaches New 12-Month High – Here’s What Happened

Life & Banc Split Corp. (TSE:LBS)’s stock price reached a new 52-week high on Tuesday . The company traded as high as C$9.71 and last traded at C$9.65, with a volume of 43394 shares changing hands. The stock had previously closed at C$9.71.

Life & Banc Split Stock Performance

The company has a market cap of C$441.27 million, a PE ratio of 18.56 and a beta of 1.83. The stock’s 50-day simple moving average is C$8.78 and its 200 day simple moving average is C$8.07. The company has a debt-to-equity ratio of 147.51, a quick ratio of 1.69 and a current ratio of 1.66.

Life & Banc Split Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 16th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.20 dividend on an annualized basis and a yield of 12.42%. Life & Banc Split’s payout ratio is currently 230.77%.

Insiders Place Their Bets

In other Life & Banc Split news, Senior Officer Laura Wing-Sze Lau sold 4,900 shares of the business’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 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.