Market dataIncome framework read
Split-Share / Structure-SensitiveTSXCanada

SBC.TO

Brompton Split Banc Corp.

FinancialsSplit-share structureMonthly

Market Snapshot

$12.38

-$0.02 (-0.16%)

Toronto

Yield

9.69%

Rate $1.20

Next Payment

—

Ex-date 2026-09-29

52wk Position

59.04%

-19.93% below high

Updated —

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

SBC.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

SBC.TO does not cover one full share per payment at the default 100-share test. Coverage is 0.81.

3

Main watch item

Editorial framework

Structure coverage comes first

SBC.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

Broken
Cash
$10.00
APR
0.808
Coverage
0.808

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
$10.00
Cushion
-$2.38
Cushion %
-19.22%
Current $12.38Break $10.00

Smart Recommendation

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

Research Signals

Payout sustainability

Moderate

5mo ago

DRIP availability

Plan-only

5mo ago

Tax character

Mixed

5mo ago

Distribution history

Multi-decade

5mo ago

Structure complexity

Complex

5mo ago

Income trend

Variable

5mo ago

Account suitability

Non-reg: caution

5mo ago

Structure Overview

Brompton Split Banc Corp. (SBC) holds shares in the Big Six Canadian banks, split between preferred and capital share classes. SBC is one of the longer-running split-share corporations, providing a multi-decade operational history across market cycles. The capital share structure amplifies bank sector gains and losses through leverage.

Canadian Planning Notes

  • 1SBC's long operating history includes multiple Canadian banking downturns; review historical coverage-ratio data alongside the current ratio to assess structural resilience.
  • 2Capital shares carry leveraged Big Six bank exposure; the preferred shares (SBC.PR.A) have priority but are not equivalent to bank preferred shares.
  • 3Eligible dividends from the underlying banks may flow through; confirm the annual T5 for the tax character.

Market Facts

Market Data

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

Market Data

Market data

Updated facts where available

Price

$12.38

Previous close

$12.40

Day range

$12.28 - $12.60

52wk range

$7.94 - $15.46

Market cap

458.8M

Volume

12.9K

Avg volume

67.5K

Exchange

Toronto

Dividend and distribution

Forward rate

$1.20

Trailing rate

$0.95

Forward yield

9.69%

Trailing yield

7.65%

Per payment

$0.10

Cadence

Monthly

Next ex-date

Sep 29, 2026

Next pay

Oct 8, 2026

Last dividend

$0.10

Last dividend date

Sep 29, 2026

Performance

Daily change

-$0.02

Daily change %

-0.16%

52wk position

59.04%

Below 52wk high

-19.93%

Above 52wk low

55.92%

Open

$12.60

Earnings and financials

Trailing EPS

8.2

Forward EPS

N/A

Revenue

323.6M

Revenue growth

320.20%

Profit margin

93.16%

Operating margin

97.90%

Payout ratio

11.11%

Free cash flow

192.4M

Total cash

868.4M

ROE

74.82%

ROA

28.71%

Debt/equity

60.1

Beta

1.44

Valuation

Trailing P/E

1.51

Forward P/E

N/A

Price/sales

1.42

Price/book

0.86

Enterprise value

-87.4M

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.