Canadian Banc Corp. (TSE:BK – Get Free Report) reached a new 52-week high on Monday . The stock traded as high as C$11.60 and last traded at C$11.57, with a volume of 42633 shares traded. The stock had previously closed at C$11.52.
Canadian Banc Price Performance
The company has a 50-day moving average of C$11.25 and a two-hundred day moving average of C$11.03. The stock has a market capitalization of C$349.60 million, a PE ratio of 4.97 and a beta of 1.22. The company has a debt-to-equity ratio of 98.31, a current ratio of 1.98 and a quick ratio of 2.23.
Canadian Banc Increases Dividend
The company also recently disclosed a monthly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, August 9th were issued a $0.1359 dividend. This represents a $1.63 dividend on an annualized basis and a dividend yield of 14.08%. This is an increase from Canadian Banc’s previous monthly dividend of $0.14. The ex-dividend date was Wednesday, July 31st. Canadian Banc’s dividend payout ratio (DPR) is 71.67%.
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.
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