Canadian Banc Corp. (TSE:BK – Get 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
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.
- MarketBeat Week in Review – 1/16 – 1/20
- Does Old Dominion Show That Trucking Is Hitting The Brakes?
- Nordstrom Puts Fear Of Markdowns Into Retail Sector
- Exxon Mobil Stock: Within Striking Distance Of Buy Point
- High-Dividend-Yielding BHP Sees China Driving ’23 Growth
Receive News & Ratings for Canadian Banc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Banc and related companies with MarketBeat.com's FREE daily email newsletter.