Canadian Banc (TSE:BK) Stock Price Crosses Above 50 Day Moving Average of $13.36

Canadian Banc Corp. (TSE:BKGet Rating)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$13.36 and traded as high as C$14.01. Canadian Banc shares last traded at C$13.98, with a volume of 34,898 shares trading hands.

Canadian Banc Price Performance

The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 78.83. The firm has a market capitalization of C$177.35 million and a P/E ratio of 14.27. The firm has a 50 day moving average price of C$13.36 and a 200-day moving average price of C$13.23.

Canadian Banc Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, January 10th. Investors of record on Tuesday, January 10th were paid a dividend of $0.1684 per share. This is a positive change from Canadian Banc’s previous monthly dividend of $0.17. This represents a $2.02 dividend on an annualized basis and a dividend yield of 14.45%. The ex-dividend date of this dividend was Thursday, December 29th. Canadian Banc’s dividend payout ratio (DPR) is currently 179.88%.

Canadian Banc Company Profile

(Get Rating)

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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