Canadian Banc Corp. (TSE:BK - Get Free Report) declared a monthly dividend on Friday, May 30th, TickerTech Dividends reports. Investors of record on Tuesday, June 10th will be paid a dividend of 0.137 per share on Tuesday, June 10th. This represents a $1.64 dividend on an annualized basis and a yield of 14.04%. The ex-dividend date of this dividend is Friday, May 30th.
Canadian Banc Stock Performance
BK stock traded down C$0.03 on Friday, reaching C$11.71. The company's stock had a trading volume of 72,584 shares, compared to its average volume of 124,720. Canadian Banc has a 52 week low of C$9.39 and a 52 week high of C$12.13. The company has a market capitalization of C$402.43 million, a P/E ratio of 5.65 and a beta of 1.22. The firm has a fifty day moving average of C$11.01 and a two-hundred day moving average of C$11.42. The company has a debt-to-equity ratio of 98.31, a current ratio of 1.98 and a quick ratio of 2.23.
About Canadian Banc
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The Companys investment objectives are (i) to provide holders of Preferred Shares with cumulative preferential floating rate monthly cash dividends at a rate per annum equal to the Prime Rate plus 0.75%, with a minimum annual rate of 5.0% and a maximum annual rate of 7.0% (ii) to provide holders of Class A Shares with regular floating rate monthly cash distributions targeted to be at a rate per annum equal to the Prime Rate plus 2.0%, with a minimum targeted annual rate of 5.0% and a maximum targeted annual rate of 10.0% and (iii) to return the original issue price to holders of both Preferred Shares and Class A Shares at the time of the redemption of such shares on December 1, 2012.
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