Canadian Banc Corp. (TSE:BK – Get Free Report) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$14.11 and traded as high as C$14.74. Canadian Banc shares last traded at C$14.72, with a volume of 138,093 shares trading hands.
Canadian Banc Trading Up 1.5%
The company has a market cap of C$617.61 million, a P/E ratio of 5.16 and a beta of 1.08. The company has a quick ratio of 2.23, a current ratio of 1.98 and a debt-to-equity ratio of 98.31. The firm’s 50-day moving average price is C$14.11 and its 200-day moving average price is C$13.23.
Canadian Banc Announces Dividend
The business also recently announced a sep 25 dividend, which was paid on Friday, October 10th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.164 per share. Canadian Banc’s dividend payout ratio is currently 49.43%.
Canadian Banc Company Profile
The Companys investment objectives are (i) to provide holders of Preferred Shares with cumulative preferential floating rate monthly cash dividends at a rate per annum equal to the Prime Rate plus 0.75%, with a minimum annual rate of 5.0% and a maximum annual rate of 7.0% (ii) to provide holders of Class A Shares with regular floating rate monthly cash distributions targeted to be at a rate per annum equal to the Prime Rate plus 2.0%, with a minimum targeted annual rate of 5.0% and a maximum targeted annual rate of 10.0% and (iii) to return the original issue price to holders of both Preferred Shares and Class A Shares at the time of the redemption of such shares on December 1, 2012.
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