Canadian Banc Corp. (BK) To Go Ex-Dividend on January 31st

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 paid a dividend of 0.1454 per share on Monday, February 10th. This represents a $1.74 dividend on an annualized basis and a yield of 14.53%. The ex-dividend date of this dividend is Friday, January 31st. This is a positive change from Canadian Banc’s previous monthly dividend of $0.14.

Canadian Banc Stock Down 0.2 %

Shares of BK traded down C$0.02 during midday trading on Wednesday, reaching C$12.01. 52,416 shares of the company were exchanged, compared to its average volume of 94,026. Canadian Banc has a 1-year low of C$10.22 and a 1-year high of C$12.13. The stock 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. The company has a market cap of C$362.58 million, a price-to-earnings ratio of 5.15 and a beta of 1.22.

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.