Life & Banc Split Corp. Plans Monthly Dividend of $0.10 (TSE:LBS)

Life & Banc Split Corp. (TSE:LBS) announced a monthly dividend on Tuesday, December 31st,TickerTech Dividends reports. Stockholders of record on Wednesday, January 15th will be given a dividend of 0.10 per share on Wednesday, January 15th. This represents a $1.20 annualized dividend and a dividend yield of 13.29%. The ex-dividend date is Tuesday, December 31st.

Life & Banc Split Trading Down 1.5 %

TSE LBS opened at C$9.03 on Thursday. Life & Banc Split has a 12 month low of C$7.21 and a 12 month high of C$9.71. The stock has a market capitalization of C$412.49 million, a P/E ratio of 17.37 and a beta of 1.83. The firm’s 50-day moving average is C$9.16 and its two-hundred day moving average is C$8.33. The company has a debt-to-equity ratio of 147.51, a current ratio of 1.66 and a quick ratio of 1.69.

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.