SBC dividend yield – Brompton Split Banc Corp Declares 0.1 Cash Dividend
April 26, 2023
Dividends Yield
On April 25 2023, Brompton Split Banc ($TSX:SBC) Corp (BROMPTON SPLIT BANC) declared a cash dividend of 0.1 per share, the same rate it has been paying out since 2022. This translates to a dividend yield of 9.76% from 2022 to 2024, with a mean dividend yield of 9.76%. This makes BROMPTON SPLIT BANC an attractive investment for dividend investors. If you are looking for a reliable dividend stock, then you should strongly consider BROMPTON SPLIT BANC.
The company has been consistently issuing an annual dividend per share of CAD 1.2 for the past three years and has a solid track record of paying dividends in a timely manner. The dividend is well covered by the company’s earnings and is sustainable even in economic downturns. Overall, BROMPTON SPLIT BANC offers investors a reliable and steady source of income with an attractive dividend yield and a secure long-term outlook.
Price History
The stock opened at CA$10.7 and closed at the same price, down 0.6% from the prior closing price of CA$10.8. The dividend is meant to reward shareholders for their loyalty and continued support of the company, as well as to provide a return on their investment. This dividend is seen as a sign of confidence in the company’s future prospects. It is listed on the Toronto Stock Exchange (TSX) and is a component of the S&P/TSX Composite Index. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for SBC. More…
| Total Revenues | Net Income | Net Margin |
| -41.69 | -54.06 | 108.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for SBC. More…
| Operations | Investing | Financing |
| -34.61 | – | 34.49 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for SBC. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 350.94 | 186.13 | 6.05 |
Key Ratios Snapshot
Some of the financial key ratios for SBC are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -25.3% | – | – |
| FCF Margin | ROE | ROA |
| 83.0% | -29.5% | -8.1% |
Analysis – SBC Intrinsic Stock Value
GoodWhale has analyzed the financials of BROMPTON SPLIT BANC, and our proprietary Valuation Line has calculated the intrinsic value of BROMPTON SPLIT BANC share to be around CA$10.9. Currently, the stock is traded at CA$10.7, which means that it is undervalued by 1.7%. This means that it is currently a fair price for investors to buy the stock. We believe that the stock has potential for growth in the future and would recommend investing in it. More…
Peers
Brompton Split Banc Corp and its competitors, Dividend 15 Split Corp II, Brompton Lifeco Split Corp, and Prime Dividend Corp, are all split share corporations that provide investors with a unique way to earn a fixed dividend from their investment. Split share corporations offer investors the opportunity to earn a higher yield than traditional investments, while at the same time limiting their risk exposure.
– Dividend 15 Split Corp II ($TSX:DF)
Dividend 15 Split Corp II is a publicly traded company that invests in a portfolio of dividend-paying stocks and other investments. The company focuses on providing investors with high dividend income and capital appreciation. As of 2023, the company has a market cap of 146.89M, making it one of the largest companies in the sector. The Return on Equity (ROE) for Dividend 15 is 23.18%, which is considered to be a good indicator of profitability. This indicates that the company is doing well in terms of generating returns on its investments.
– Brompton Lifeco Split Corp ($TSX:LCS)
Brompton Lifeco Split Corp is a Canadian-listed financial product that provides investors with exposure to a portfolio of common shares and fixed income investments. It has a market capitalization of 50.77M as of 2023, reflecting its total share price multiplied by the number of its outstanding shares. Its Return on Equity (ROE) of -81.56% indicates its profitability is much lower than the industry average, implying that its investors may not be receiving sufficient returns. Brompton Lifeco Split Corp is focused on providing investors with long-term capital appreciation, income generation and portfolio diversification.
– Prime Dividend Corp ($TSX:PDV)
Prime Dividend Corp is a publicly-traded company that offers dividend income to its shareholders. It has a market cap of 5.55M as of 2023, making it a small-cap company. The Return on Equity (ROE) of 2.66% indicates that the company has a good rate of return on its investments. The company has been consistently paying dividends to its shareholders and is well-positioned to continue doing so in the future.
Summary
BROMPTON SPLIT BANC is a reliable dividend stock that has been consistently paying an annual dividend of CAD 1.2 per share for the past three years. This impressive dividend yield of 9.76% provides investors with an opportunity to generate a steady income while also benefiting from the potential value appreciation of the stock. The company’s long-term dividend track record makes it an attractive option for investors seeking to invest in a stable dividend stock.
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