Free Trial

Canadian Banc Corp. (TSE:BK) Increases Dividend to $0.15 Per Share

Canadian Banc logo with Financial Services background

Key Points

  • Canadian Banc Corp. has raised its monthly dividend to $0.15 per share, marking a 2.7% increase from the previous dividend of $0.15.
  • The ex-dividend date for this increase is July 31st, with shareholders of record set to be paid on August 8th.
  • Currently, Canadian Banc's stock has a dividend yield of 14.19% along with a market capitalization of C$437.83 million.
  • MarketBeat previews the top five stocks to own by September 1st.

Canadian Banc Corp. (TSE:BK - Get Free Report) declared a monthly dividend on Thursday, July 31st, TickerTech Dividends reports. Investors of record on Friday, August 8th will be given a dividend of 0.1507 per share on Friday, August 8th. This represents a c) dividend on an annualized basis and a dividend yield of 14.6%. The ex-dividend date is Thursday, July 31st. This is a 2.7% increase from Canadian Banc's previous monthly dividend of $0.15.

Canadian Banc Trading Down 1.6%

Shares of Canadian Banc stock traded down C$0.20 during trading on Friday, hitting C$12.42. The stock had a trading volume of 205,840 shares, compared to its average volume of 119,032. The company has a quick ratio of 2.23, a current ratio of 1.98 and a debt-to-equity ratio of 98.31. The company has a market capitalization of C$426.83 million, a PE ratio of 5.99 and a beta of 1.22. Canadian Banc has a 1 year low of C$9.39 and a 1 year high of C$12.85. The stock has a 50 day simple moving average of C$12.05 and a 200 day simple moving average of C$11.52.

Canadian Banc Company Profile

(Get Free Report)

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.

See Also

Dividend History for Canadian Banc (TSE:BK)

Should You Invest $1,000 in Canadian Banc Right Now?

Before you consider Canadian Banc, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Canadian Banc wasn't on the list.

While Canadian Banc currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Reduce the Risk Cover

Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

5 Stocks to BUY NOW in August 2025
The $2.5B Merger No One Is Talking About
ALERT: Big Tech Earnings – Watch Before Wednesday

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines