1
Derived from payout historyIncome reliability
Quarterly income profile is visible
L.TO has an income profile aligned with its dividend company role. Provider data shows 4 recent payout records.
Market dataIncome framework read
Dividend CompanyTSXCanada
L.TO
Loblaw Companies
Consumer StaplesPlain dividendQuarterly
Market Snapshot
$62.16
-$0.03 (-0.05%)
Toronto
Yield
1.00%
Rate $0.62
Next Payment
—
Ex-date 2026-09-15
52wk Position
55.43%
-10.68% below high
Updated —
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
- $15.50
- APR
- 0.249
- Coverage
- 0.249
Broken. The dividend no longer covers the target print rate. Top up shares or lower the target print rate.
Price Creep
Defended price ceiling
- Max defended
- $15.50
- Cushion
- -$46.66
- Cushion %
- -75.06%
Current $62.16Break $15.50
Smart Recommendation
L.TO is not defended at these inputs; top up shares, lower TPR, or test alternatives.
Research Signals
Payout sustainability
Conservative, mid-20s% earnings basis (23.7-26.8%), ~15.7% cash payout
2mo agoDRIP availability
Likely available
2mo agoTax character
Eligible dividend
2mo agoDistribution history
10% increase to $0.155183/share (Q1 2026, company-reported), 15th consecutive year of increases
2mo agoStructure complexity
Simple
2mo agoIncome trend
Growing
2mo agoAccount suitability
TFSA/RRSP/non-reg suitable
2mo agoStructure Overview
Loblaw Companies (L) is Canada's largest food and pharmacy retailer, operating Food Retail (Loblaw, No Frills, Maxi) and Drug Retail (Shoppers Drug Mart) banners alongside a Financial Services segment. Q1 2026 results (quarter ended March 28, 2026) showed net earnings available to common shareholders of $594 million, up 18.1% year-over-year, with retail revenue of $14.484 billion, up 4.2%, driven by same-store sales growth, e-commerce expansion, and discount-banner outperformance. The board raised the quarterly dividend 10% during the quarter, marking the fifteenth consecutive year of dividend increases.
Canadian Planning Notes
- 1Loblaw's Financial Services segment is transitioning PC Financial and PC Insurance to EQ Bank, expected to close in 2026; this affects the company's reported segment structure but not its core Food/Drug Retail dividend-paying business.
- 2As Canada's largest food and pharmacy retailer, Loblaw's results are a useful bellwether for grocery-sector income holdings generally.
- 3DRIP is common among large-cap Canadian dividend payers; confirm optional cash purchase support with your broker.
Market Facts
Market Data
A factual market, distribution, valuation, and financial snapshot for this holding.
Canadian Context
Account placement
Non-registered
Eligible Canadian dividends qualify for the dividend tax credit, which can improve after-tax income in taxable accounts.
TFSA: Tax-free growth and withdrawals.
RRSP: Tax-deferred growth, with withdrawals taxed as regular income.
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.