Life & Banc Split (TSE:LBS) Reaches New 52-Week High – Here’s Why

by · The Markets Daily

Life & Banc Split Corp. (TSE:LBS – Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$8.60 and last traded at C$8.58, with a volume of 51959 shares changing hands. The stock had previously closed at C$8.58.

Life & Banc Split Stock Performance

The company has a market cap of C$391.93 million, a PE ratio of 16.50 and a beta of 1.82. The stock has a fifty day moving average of C$7.95 and a 200-day moving average of C$7.81. 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 Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 16th were given a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 13.99%. The ex-dividend date was Friday, August 30th. Life & Banc Split’s dividend payout ratio is currently 230.77%.

Insider Activity

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

(Get Free Report)

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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