Canadian Banc Corp. (TSE:BK) to Issue Dividend Increase – $0.15 Per Share

Canadian Banc Corp. (TSE:BK) declared a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Shareholders 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 yield of 14.50%. The ex-dividend date is Friday, January 31st. This is an increase from Canadian Banc’s previous monthly dividend of $0.14.

Canadian Banc Stock Down 0.2 %

Shares of Canadian Banc stock opened at C$12.03 on Wednesday. The company has a debt-to-equity ratio of 98.31, a quick ratio of 2.23 and a current ratio of 1.98. The stock has a market capitalization of C$363.19 million, a PE ratio of 5.16 and a beta of 1.22. Canadian Banc has a 52-week low of C$10.22 and a 52-week high of C$12.13. The company has a 50-day simple moving average of C$11.82 and a two-hundred day simple moving average of C$11.43.

Canadian Banc Company Profile

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.