Insider Selling: Life & Banc Split Corp. (TSE:LBS) Senior Officer Sells 4,900 Shares of Stock

Life & Banc Split Corp. (TSE:LBS) Senior Officer Laura Wing-Sze Lau sold 4,900 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of C$10.62, for a total transaction of C$52,038.00.

Life & Banc Split Stock Performance

Shares of LBS remained flat at C$8.40 during mid-day trading on Friday. 18,181 shares of the stock traded hands, compared to its average volume of 68,390. The company has a debt-to-equity ratio of 147.51, a quick ratio of 1.69 and a current ratio of 1.66. The business has a 50-day moving average price of C$7.71 and a 200-day moving average price of C$7.75. Life & Banc Split Corp. has a 1 year low of C$5.50 and a 1 year high of C$8.43. The company has a market cap of C$383.71 million, a PE ratio of 16.15 and a beta of 1.82.

Life & Banc Split Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 16th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, August 30th. This represents a $1.20 annualized dividend and a dividend yield of 14.29%. Life & Banc Split’s payout ratio is 230.77%.

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.