Canadian Banc Corp. (TSE:BK - Get Free Report) announced a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Stockholders of record on Monday, February 10th will be paid a dividend of 0.1454 per share on Monday, February 10th. This represents a $1.74 annualized dividend and a dividend yield of 14.81%. The ex-dividend date is Friday, January 31st. This is an increase from Canadian Banc's previous monthly dividend of $0.14.
Canadian Banc Trading Down 2.4 %
TSE:BK traded down C$0.29 during midday trading on Friday, hitting C$11.78. 203,049 shares of the company traded hands, compared to its average volume of 107,214. The firm's fifty day moving average is C$11.83 and its 200-day moving average is C$11.45. Canadian Banc has a 12-month low of C$10.22 and a 12-month high of C$12.13. The firm has a market capitalization of C$355.64 million, a P/E ratio of 5.06 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 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.
Featured Stories

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
MarketBeat's analysts have just released their top five short plays for March 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.