Life & Banc Split Corp. (TSE:LBS) to Issue $0.10 Monthly Dividend

Life & Banc Split Corp. (TSE:LBS) declared a monthly dividend on Wednesday, July 31st, TickerTech reports. Stockholders of record on Thursday, August 15th will be paid a dividend of 0.10 per share on Thursday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 15.79%. The ex-dividend date is Wednesday, July 31st.

Life & Banc Split Stock Performance

LBS stock remained flat at C$7.60 on Tuesday. The company had a trading volume of 59,734 shares, compared to its average volume of 63,493. The company has a 50-day moving average price of C$7.66 and a two-hundred day moving average price of C$7.75. Life & Banc Split has a 12 month low of C$5.50 and a 12 month high of C$8.80. The stock has a market capitalization of C$328.47 million, a price-to-earnings ratio of 5.10 and a beta of 1.88. The company has a current ratio of 1.74, a quick ratio of 1.69 and a debt-to-equity ratio of 131.80.

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.