Life & Banc Split Corp. (LBS) to Issue Monthly Dividend of $0.10 on January 15th

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

Life & Banc Split Price Performance

Life & Banc Split stock opened at C$9.03 on Thursday. The company has a fifty day simple moving average of C$9.16 and a 200-day simple moving average of C$8.33. The company has a quick ratio of 1.69, a current ratio of 1.66 and a debt-to-equity ratio of 147.51. The firm has a market capitalization of C$412.49 million, a price-to-earnings ratio of 17.37 and a beta of 1.83. Life & Banc Split has a 52-week low of C$7.21 and a 52-week high of C$9.71.

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.