Canadian Banc Corp. (TSE:BK - Get Free Report) announced a monthly dividend on Monday, June 30th, TickerTech Dividends reports. Shareholders of record on Thursday, July 10th will be given a dividend of 0.1467 per share on Thursday, July 10th. This represents a $1.76 dividend on an annualized basis and a yield of 14.47%. The ex-dividend date of this dividend is Monday, June 30th. This is a 7.1% increase from Canadian Banc's previous monthly dividend of $0.14.
Canadian Banc Price Performance
BK stock traded up C$0.17 during mid-day trading on Friday, reaching C$12.17. The company's stock had a trading volume of 323,617 shares, compared to its average volume of 120,138. The stock has a market cap of C$418.24 million, a PE ratio of 5.87 and a beta of 1.22. The company has a current ratio of 1.98, a quick ratio of 2.23 and a debt-to-equity ratio of 98.31. Canadian Banc has a fifty-two week low of C$9.39 and a fifty-two week high of C$12.18. The company's 50 day moving average is C$11.42 and its two-hundred day moving average is C$11.41.
Canadian Banc Company Profile
(
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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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