Life & Banc Split Corp. (LBS) To Go Ex-Dividend on July 31st

Life & Banc Split Corp. (TSE:LBS) announced 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 dividend on an annualized basis and a dividend yield of 15.79%. The ex-dividend date of this dividend is Wednesday, July 31st.

Life & Banc Split Stock Performance

Shares of LBS stock remained flat at C$7.60 during trading hours on Tuesday. The stock had a trading volume of 59,734 shares, compared to its average volume of 63,493. Life & Banc Split has a 1-year low of C$5.50 and a 1-year high of C$8.80. The stock has a market cap of C$328.47 million, a PE ratio of 5.10 and a beta of 1.88. The company has a debt-to-equity ratio of 131.80, a quick ratio of 1.69 and a current ratio of 1.74. The firm has a 50-day moving average price of C$7.66 and a two-hundred day moving average price of C$7.75.

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.