Life & Banc Split (TSE:LBS) Shares Down 0.3%

Life & Banc Split Corp. (TSE:LBS) shares traded down 0.3% during trading on Wednesday . The company traded as low as C$7.73 and last traded at C$7.73, 9,807 shares traded hands during trading. A decline of 84% from the average session volume of 60,420 shares. The stock had previously closed at C$7.75.

The company has a quick ratio of 67.53, a current ratio of 67.54 and a debt-to-equity ratio of 169.12. The firm has a market capitalization of $203.22 million and a P/E ratio of -2.45. The business has a 50-day moving average of C$7.68.

The firm also recently announced a monthly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 15th were given a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 15.48%. The ex-dividend date was Thursday, June 27th. Life & Banc Split’s dividend payout ratio is -34.83%.

In other news, Director Craig Kikuchi acquired 2,500 shares of Life & Banc Split stock in a transaction dated Monday, April 29th. The stock was acquired at an average cost of C$10.08 per share, for a total transaction of C$25,200.00. Following the completion of the purchase, the director now owns 12,100 shares of the company’s stock, valued at C$121,968.

Life & Banc Split Company Profile (TSE:LBS)

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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