Life & Banc Split (TSE:LBS) Reaches New 52-Week High – What’s Next?

Life & Banc Split Corp. (TSE:LBS) reached 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 changing hands. The stock had previously closed at C$9.12.

Life & Banc Split Stock Up 0.4 %

The business’s 50-day moving average is C$8.49 and its 200-day moving average is C$7.96. The company has a market capitalization of C$418.43 million, a price-to-earnings 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.

Life & Banc Split Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 16th were paid 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 dividend yield of 13.10%. Life & Banc Split’s payout ratio is 230.77%.

Insider Activity at Life & Banc Split

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