Shares of Canadian Banc Corp. (TSE:BK - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$11.41 and traded as high as C$12.14. Canadian Banc shares last traded at C$12.12, with a volume of 58,721 shares.
Canadian Banc Stock Performance
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 firm has a fifty day moving average of C$11.58 and a 200-day moving average of C$11.41. The stock has a market capitalization of C$415.15 million, a price-to-earnings ratio of 5.83 and a beta of 1.22.
Canadian Banc Increases Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, July 10th will be given a $0.1467 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 14.57%. This is an increase from Canadian Banc's previous monthly dividend of $0.14. Canadian Banc's payout ratio is currently 80.61%.
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
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
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
