Canadian Banc Corp. (TSE:BK - Get Free Report) shares reached a new 52-week high during trading on Monday . The stock traded as high as C$11.56 and last traded at C$11.47, with a volume of 115136 shares changing hands. The stock had previously closed at C$11.48.
Canadian Banc Price Performance
The firm's fifty day simple moving average is C$11.20 and its 200 day simple moving average is C$11.01. The firm has a market cap of C$348.09 million, a P/E ratio of 4.95 and a beta of 1.22. The company has a debt-to-equity ratio of 98.31, a quick ratio of 2.23 and a current ratio of 1.98.
Canadian Banc Increases Dividend
The business also recently disclosed a monthly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, August 9th were issued a dividend of $0.1359 per share. This represents a $1.63 annualized dividend and a dividend yield of 14.14%. The ex-dividend date was Wednesday, July 31st. This is an increase from Canadian Banc's previous monthly dividend of $0.14. Canadian Banc's dividend payout ratio is 71.67%.
About Canadian Banc
(
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Canadian Banc Corp. is a close-ended equity mutual fund launched by Quadravest Inc The fund is managed by Quadravest Capital Management Inc It invests in the public equity markets of Canada. The fund invests in stocks of companies engaged in the banking sector. It benchmarks the performance of its portfolio against the S&P TSX Financial Index.
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