1
Derived from payout historyIncome reliability
Payout depends on structure rules
ENS.TO is structure-sensitive. The payout may look regular, but coverage tests and distribution conditions matter more than cadence alone.
Market dataIncome framework read
Split-Share / Structure-SensitiveTSXCanada
ENS.TO
E Split Corp.
EnergySplit-share structureMonthly
Market Snapshot
$19.39
+$0.51 (2.70%)
Toronto
Yield
8.66%
Rate $1.68
Next Payment
Payment date passed
Ex-date 2026-06-30
52wk Position
94.04%
-1.82% below high
Updated just now
Decision Area
Distribution and DRIP Defense
Payout history, default DRIP coverage, and price creep pressure using market data where available.
Distribution Chart
Last 12 payments
Confirmed Expected
Coverage Ratio Test
DRIP defense check
- Cash
- $14.00
- APR
- 0.722
- Coverage
- 0.722
Rung failed. Restore immediately or rebalance the holding.
Price Creep
Defended price ceiling
- Max defended
- $14.00
- Cushion
- -$5.39
- Cushion %
- -27.80%
Current $19.39Break $14.00
Smart Recommendation
ENS.TO is not defended at these inputs; top up shares, lower TPR, or test alternatives.
Research Signals
Payout sustainability
Weak
1mo agoDRIP availability
Plan-only
1mo agoTax character
Mixed
1mo agoDistribution history
1–5 yr track
1mo agoStructure complexity
Complex
1mo agoIncome trend
Variable
1mo agoAccount suitability
Non-reg: caution
1mo agoStructure Overview
E Split Corp. (ENS) holds Canadian energy stocks and applies the split-share structure between preferred and capital share classes. Energy sector volatility makes the coverage ratio more sensitive to commodity price cycles than financial or utility split-shares. Distributions on capital shares can be interrupted quickly in energy downturns.
Canadian Planning Notes
- 1ENS's energy sector concentration creates coverage ratio volatility that is directly tied to oil and gas price cycles; stress-test coverage ratios at low commodity price scenarios before planning income.
- 2Capital share distributions have been interrupted in prior energy downturns; treat ENS capital share income as variable and potentially interruptible.
- 3Preferred shares receive priority distributions but are still linked to the energy portfolio's performance; verify the current coverage ratio before any investment decision.
Market Facts
Market Data
A factual market, distribution, valuation, and financial snapshot for this holding.
Canadian Context
Account placement
TFSA
Mixed-character distributions are usually easiest to handle in a TFSA because annual tax reporting is avoided.
RRSP: Also shelters distribution complexity.
Non-registered: Review T3 or issuer tax breakdown before using a taxable account.
Eligible dividend tax credit
- Total credit
- $345.27
- Effective rate
- 34.53%
Broker DRIP status
Questrade
Available
Wealthsimple
Available
RBC Direct Investing
Available
TD Direct Investing
Available
Run Your Numbers
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This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.