Market dataIncome framework read
Split-Share / Structure-SensitiveTSXCanada

LBS.TO

Life & Banc Split Corp.

FinancialsSplit-share structureMonthly

Market Snapshot

$14.92

-$0.12 (-79.79%)

Toronto

Yield

9.01%

Rate $1.20

Next Payment

Payment date passed

Ex-date 2026-06-30

52wk Position

98.07%

-1.00% below high

Updated just now

Income Intelligence Summary

Deterministic interpretation from Prospyr's income framework and available market data.

Framework readout
1

Income reliability

Derived from payout history

Payout depends on structure rules

LBS.TO is structure-sensitive. The payout may look regular, but coverage tests and distribution conditions matter more than cadence alone.

2

DRIP defense

Editorial framework

Default DRIP test is not defended

LBS.TO does not cover one full share per payment at the default 100-share test. Coverage is 0.67.

3

Main watch item

Editorial framework

Structure coverage comes first

LBS.TO is structure-sensitive, so the main check is whether the split-share rules, asset coverage, and distribution conditions support the visible payout.

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

Failed
Cash
$10.00
APR
0.670
Coverage
0.670

Rung failed. Restore immediately or rebalance the holding.

Price Creep

Defended price ceiling

Max defended
$10.00
Cushion
-$4.92
Cushion %
-32.98%
Current $14.92Break $10.00

Smart Recommendation

LBS.TO is not defended at these inputs; top up shares, lower TPR, or test alternatives.

Research Signals

Payout sustainability

Moderate

1mo ago

DRIP availability

Plan-only

1mo ago

Tax character

Mixed

1mo ago

Distribution history

1–5 yr track

1mo ago

Structure complexity

Complex

1mo ago

Income trend

Variable

1mo ago

Account suitability

Non-reg: caution

1mo ago

Structure Overview

Life & Banc Split Corp. (LBS) holds a portfolio of Canadian financial companies split between preferred and capital shares. Life insurance and banking stocks are both represented, providing slightly more sector diversification than a pure bank split-share. Distributions are subject to coverage ratio thresholds.

Canadian Planning Notes

  • 1LBS combines life insurance and banking stocks; the insurance component (MFC, SLF) adds interest-rate sensitivity alongside credit cycle risk from the banking exposure.
  • 2Preferred shares receive priority income but are still subject to suspension risk at low coverage ratios; verify the current coverage ratio in each semi-annual report.
  • 3Non-registered tax character includes eligible dividends from the underlying financials; verify the annual T5.

Market Facts

Market Data

A factual market, distribution, valuation, and financial snapshot for this holding.

Market Data

Market data

Updated facts where available

Price

$14.92

Previous close

$15.04

Day range

$14.90 - $15.07

52wk range

$7.31 - $15.07

Market cap

1.9B

Volume

202.7K

Avg volume

130.4K

Exchange

Toronto

Dividend and distribution

Forward rate

$1.20

Trailing rate

$1.04

Forward yield

9.01%

Trailing yield

6.94%

Per payment

$0.10

Cadence

Monthly

Next ex-date

Jun 30, 2026

Next pay

Jun 8, 2026

Last dividend

$0.10

Last dividend date

May 29, 2026

Performance

Daily change

-$0.12

Daily change %

-79.79%

52wk position

98.07%

Below 52wk high

-1.00%

Above 52wk low

104.04%

Open

$14.96

Earnings and financials

Trailing EPS

4.65

Forward EPS

N/A

Revenue

310.9M

Revenue growth

14.50%

Profit margin

86.95%

Operating margin

98.33%

Payout ratio

N/A

Free cash flow

172.8M

Total cash

1.2B

ROE

47.83%

ROA

17.74%

Debt/equity

76.55

Beta

1.35

Valuation

Trailing P/E

3.21

Forward P/E

N/A

Price/sales

5.96

Price/book

1.31

Enterprise value

101.1M

EV/EBITDA

N/A

Analyst facts

Target mean

N/A

Target high

N/A

Target low

N/A

Recommendation mean

N/A

Recommendation key

none

Analysts

N/A

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

Carry this holding into a calculator

Use a planning tool that matches this holding's structure, payout timing, and income use case.

Test DRIP durabilityTest DRIP durability

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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.