Canadian Banc Corp. (TSE:BK - Get Free Report) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$11.70 and traded as high as C$12.25. Canadian Banc shares last traded at C$12.21, with a volume of 101,360 shares trading hands.
Canadian Banc Price Performance
The company has a current ratio of 1.98, a quick ratio of 2.23 and a debt-to-equity ratio of 98.31. The business has a 50-day moving average price of C$11.70 and a two-hundred day moving average price of C$11.43. The firm has a market capitalization of C$419.27 million, a price-to-earnings ratio of 5.89 and a beta of 1.22.
Canadian Banc Increases Dividend
The firm also recently announced a monthly dividend, which was paid on Thursday, July 10th. Investors of record on Thursday, July 10th were given a $0.1467 dividend. This is a boost from Canadian Banc's previous monthly dividend of $0.14. This represents a $1.76 annualized dividend and a yield of 14.43%. The ex-dividend date of this dividend was Monday, June 30th. Canadian Banc's dividend payout ratio (DPR) is currently 80.61%.
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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