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Life & Banc Split (TSX:LBS) 3-Year Dividend Growth Rate : 1.80% (As of Dec. 2023)


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What is Life & Banc Split 3-Year Dividend Growth Rate?

Life & Banc Split's Dividends per Share for the six months ended in Dec. 2023 was C$0.60.

The historical rank and industry rank for Life & Banc Split's 3-Year Dividend Growth Rate or its related term are showing as below:

TSX:LBS' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -3.3   Med: 1.1   Max: 69.4
Current: 1.8

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Life & Banc Split was 69.40% per year. The lowest was -3.30% per year. And the median was 1.10% per year.

TSX:LBS's 3-Year Dividend Growth Rate is ranked better than
50.4% of 869 companies
in the Asset Management industry
Industry Median: 1.7 vs TSX:LBS: 1.80

During the past 12 months, Life & Banc Split's average Dividends Per Share Growth Rate was 5.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 1.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 2.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 1.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Life & Banc Split's Dividend Payout Ratio for the six months ended in Dec. 2023 was 0.90. As of today, Life & Banc Split's Dividend Yield % is 15.58%.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of Life & Banc Split's 3-Year Dividend Growth Rate

For the Asset Management subindustry, Life & Banc Split's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate 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 3-Year Dividend Growth Rate Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Life & Banc Split's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Life & Banc Split's 3-Year Dividend Growth Rate falls into.



Life & Banc Split 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Life & Banc Split  (TSX:LBS) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Life & Banc Split's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.6/ 0.669
=0.90

During the past 13 years, the highest Dividend Payout Ratio of Life & Banc Split was 0.82. The lowest was 0.12. And the median was 0.23.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Life & Banc Split Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
CAD 0.1002024-04-292024-04-302024-05-14Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1002024-03-272024-03-282024-04-12Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1002024-02-282024-02-292024-03-14Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1002024-01-302024-01-312024-02-14Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1002023-12-282023-12-292024-01-15Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1002023-11-292023-11-302023-12-14Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1002023-10-302023-10-312023-11-14Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1002023-09-282023-09-292023-10-16Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1002023-08-302023-08-312023-09-15Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1002023-07-282023-07-312023-08-15Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1002023-06-292023-06-302023-07-17Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1002023-05-302023-05-312023-06-14Cash DividendmonthlyCAD:CAD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Life & Banc Split's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=1.2/7.69
=15.60 %

Current Share Price is C$7.69.
Life & Banc Split's Dividends per Share for the trailing twelve months (TTM) ended in Today is C$1.2.

During the past 13 years, the highest Dividend Yield of Life & Banc Split was 15.58%. The lowest was 4.57%. And the median was 5.10%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Life & Banc Split 3-Year Dividend Growth Rate Related Terms>


Life & Banc Split (TSX:LBS) Business Description

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

Life & Banc Split (TSX:LBS) Headlines

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