Life & Banc Split (TSX:LBS.PR.A) 5-Year Yield-on-Cost % : 6.98 (As of May. 02, 2024)

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What is Life & Banc Split 5-Year Yield-on-Cost %?

Life & Banc Split's yield on cost for the quarter that ended in Dec. 2023 was 6.98.

The historical rank and industry rank for Life & Banc Split's 5-Year Yield-on-Cost % or its related term are showing as below:

TSX:LBS.PR.A' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 5.2 Med: 5.8 Max: 8.15
Current: 6.98

During the past 13 years, Life & Banc Split's highest Yield on Cost was 8.15. The lowest was 5.20. And the median was 5.80.

TSX:LBS.PR.A's 5-Year Yield-on-Cost % is ranked better than
94.73% of 1215 companies
in the Asset Management industry
Industry Median: 6.01 vs TSX:LBS.PR.A: 6.98

Competitive Comparison of Life & Banc Split's 5-Year Yield-on-Cost %

For the Asset Management subindustry, Life & Banc Split's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Life & Banc Split's 5-Year Yield-on-Cost % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Life & Banc Split's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where Life & Banc Split's 5-Year Yield-on-Cost % falls into.

Life & Banc Split 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of Life & Banc Split is calculated as

Yield-on-Cost

Dividend Yield %

Dividend Growth Rate)^5

Life & Banc Split (TSX:LBS.PR.A) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.

Life & Banc Split 5-Year Yield-on-Cost % Related Terms

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Life & Banc Split (TSX:LBS.PR.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Life & Banc Split Corp (TSX:LBS.PR.A) » Definitions » 5-Year Yield-on-Cost %

Comparable Companies

Traded in Other Exchanges

LBS:Canada

Address

181 Bay Street, Brookfield Place, Suite 2930, P.O. Box 793, Bay Wellington Tower, Toronto, ON, CAN, M5J 2T3

Website

https://www.bromptongroup.com

Life & Banc Split Corp is a mutual fund company. Its investment objectives are to provide holders of preferred shares with fixed cumulative preferential quarterly cash distributions and to return the original issue price on the maturity date and to provide holders of Class A shares with regular monthly cash distributions and the opportunity for capital appreciation. Primarily, it invests in a portfolio comprising of common shares of Canadian banks and publicly traded Canadian life insurance companies.

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