About Canadian Life Companies Split Corp. (CLSPF) — Dividend Analysis 2026
Canadian Life Companies Split Corp. is a closed-ended equity mutual fund launched and managed by Quadravest Capital Management Inc. It invests in the public equity markets of Canada. The fund seeks to invest in stocks of companies operating in the life insurance sector. It primarily invests in stocks of four publicly traded life insurance companies namely Great-West Lifeco Inc., Industrial Alliance Insurance and Financial Services Inc., Manulife Financial Corporation, and Sun Life Financial Inc. The fund employs fundamental analysis with a focus on such factors as a firm's earning history, relative price-earnings multiple, cash flow, dividend yield, market position, and growth prospects to create its portfolio. It benchmarks the performance of its portfolio against the S&P TSX Financial Index. Canadian Life Companies Split Corp. was formed on April 18, 2005 and is domiciled in Canada.
Is CLSPF a good dividend investment in 2026?
CLSPF offers a 17.65% forward yield with a 50% payout ratio. Strand Safety Score: 45/100 (Moderate Risk). The 5-year dividend CAGR of 100% demonstrates strong, consistent growth that outpaces inflation.
CLSPF DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your CLSPF portfolio grows to $52.02M vs $13.85M without reinvestment. This is the compound interest effect in action.
CLSPF dividend growth history & forecast
CLSPF has grown its dividend by 0% over the last year and 100% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 17.65%.
FCF ($5M) is below dividends paid ($14M) — risk of cut (FCF: $5M · Dividends est.: $14M)
Debt Leverage0.0× Debt/EBITDA
30 / 30 pts
30/30
Debt/EBITDA 0.0× — low leverage, balance sheet is strong
Earnings Momentum+0.0B → +0.1B → +0.0B
15 / 30 pts
15/30
Net income grew in the latest year — positive but trend is unconfirmed
OVERALL ASSESSMENT
Dividend at moderate risk — monitor coverage and debt closely.
STRAND SCORE
45
/100
Strand Safety Score™ is proprietary to DividendFlow. Inputs: FCF, Debt/EBITDA, Net Income from SEC filings via FMP. Not financial advice. N/A for ETFs, pre-revenue companies, and tickers without income statements.
🌍 CLSPF Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold CLSPF.
Gross yield
17.65%
Tax rate
15.00%
After-tax yield
15.00%
Real yield (−CPI)
12.20%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
17.65%
14.85%
$1,765 / yr
🇺🇸 US Taxable (15%) ✓
15%
15.00%
12.20%
$1,500 / yr
🇺🇸 US Taxable (20%)
20%
14.12%
11.32%
$1,412 / yr
🇬🇧 UK ISA
0%
17.65%
14.85%
$1,765 / yr
🇬🇧 UK Taxable
8.75%
16.11%
13.31%
$1,611 / yr
🇨🇦 TFSA
0%
17.65%
14.85%
$1,765 / yr
🇨🇦 CA Taxable
25%
13.24%
10.44%
$1,324 / yr
🇦🇺 Super (pension)
15%
15.00%
12.20%
$1,500 / yr
🇦🇺 AU Taxable
30%
12.35%
9.55%
$1,236 / yr
🇩🇪 DE Taxable
26.375%
12.99%
10.19%
$1,299 / yr
🇫🇷 FR Taxable
30%
12.35%
9.55%
$1,236 / yr
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 CLSPF Income Goal & Break-Even
Dividend Break-Even
3yr
Years for dividends to fully repay your CLSPF investment of $4.92/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$9.56M
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$9.56M
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in CLSPF for:
Shares needed
32,519
Capital required
$159,993
Monthly income
$2,000
Based on current dividend of $0.87/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 CLSPF Dividend Payment Schedule
CLSPF pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$1.85 / payment
$7.38 / year after tax
100 shares
$18.45 / payment
$73.80 / year after tax
1,000 shares
$184.51 / payment
$738.05 / year after tax
📊 CLSPF vs Financial Services Benchmarks
How CLSPF compares to typical Financial Services averages.
Benchmark: Financial Services
Dividend Yield▲+14.75% vs sectorBetter
CLSPF
17.65%
avg
2.90%
5Y Dividend CAGR▲+92.90% vs sectorBetter
CLSPF
100.00%
avg
7.10%
Payout Ratio▼+12.00% vs sectorBelow avg
CLSPF
50.00%
avg
38.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for CLSPF sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ CLSPF Insider Activity
No recent SEC filings reported in the last 90 days.
📊 About This Data
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the CLSPF dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →