Canadian Banc Corp. (TSE:BK) Increases Dividend to $0.15 Per Share

Canadian Banc Corp. (TSE:BK) announced a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Investors of record on Monday, February 10th will be given a dividend of 0.1454 per share on Monday, February 10th. This represents a $1.74 annualized dividend and a dividend yield of 14.53%. The ex-dividend date of this dividend is Friday, January 31st. This is a boost from Canadian Banc’s previous monthly dividend of $0.14.

Canadian Banc Stock Performance

Canadian Banc stock traded down C$0.02 during mid-day trading on Wednesday, reaching C$12.01. The company’s stock had a trading volume of 52,416 shares, compared to its average volume of 94,026. The firm has a market cap of C$362.58 million, a price-to-earnings ratio of 5.15 and a beta of 1.22. Canadian Banc has a twelve month low of C$10.22 and a twelve month high of C$12.13. The business has a 50 day moving average price of C$11.82 and a 200-day moving average price of C$11.43. The company has a current ratio of 1.98, a quick ratio of 2.23 and a debt-to-equity ratio of 98.31.

About Canadian Banc

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.