1
Derived from payout historyIncome reliability
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.
Market dataIncome framework read
Split-Share / Structure-SensitiveTSXCanada
SBC.TO
Brompton Split Banc Corp.
FinancialsSplit-share structureMonthly
Market Snapshot
$16.07
-$0.02 (-12.43%)
Toronto
Yield
7.47%
Rate $1.20
Next Payment
Payment date passed
Ex-date 2026-06-30
52wk Position
98.53%
-0.80% 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
- $10.00
- APR
- 0.622
- Coverage
- 0.622
Rung failed. Restore immediately or rebalance the holding.
Price Creep
Defended price ceiling
- Max defended
- $10.00
- Cushion
- -$6.07
- Cushion %
- -37.77%
Current $16.07Break $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
1mo agoDRIP availability
Plan-only
1mo agoTax character
Mixed
1mo agoDistribution history
Multi-decade
1mo agoStructure complexity
Complex
1mo agoIncome trend
Variable
1mo agoAccount suitability
Non-reg: caution
1mo agoStructure 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.
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.