Life & Banc Split Corp. (TSE:LBS - Get Free Report)'s share price dropped 1.4% on Tuesday . The stock traded as low as C$7.75 and last traded at C$7.76. Approximately 71,253 shares changed hands during mid-day trading, an increase of 32% from the average daily volume of 53,787 shares. The stock had previously closed at C$7.87.
Life & Banc Split Trading Down 1.4 %
The stock has a market cap of C$321.26 million, a P/E ratio of 5.21 and a beta of 1.89. The firm's fifty day moving average price is C$7.85 and its two-hundred day moving average price is C$7.66. The company has a debt-to-equity ratio of 132.94, a current ratio of 1.74 and a quick ratio of 1.69.
Life & Banc Split Dividend Announcement
The company also recently declared a monthly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, April 12th were issued a $0.10 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.20 annualized dividend and a dividend yield of 15.46%. Life & Banc Split's payout ratio is currently 80.54%.
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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