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

Life & Banc Split Corp. (TSE:LBS) declared a monthly dividend on Thursday, September 27th, TickerTech reports. Stockholders of record on Monday, October 15th will be paid a dividend of 0.10 per share on Monday, October 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 12.49%. The ex-dividend date is Thursday, September 27th.

Shares of TSE LBS traded up C$0.01 during trading hours on Wednesday, hitting C$9.61. The company’s stock had a trading volume of 10,808 shares, compared to its average volume of 40,841. Life & Banc Split has a 12 month low of C$8.70 and a 12 month high of C$10.44.

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.

Further Reading: Leveraged Buyout (LBO)

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