Canadian Banc Corp Class A (TSE:BK) has released an update.
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Canadian Banc Corp has announced a monthly dividend distribution of $0.15050 for each Class A share and $0.05792 for each Preferred share, payable on January 10, 2025, to shareholders on record as of December 31, 2024. The company invests in six major Canadian banks and uses a selective covered call writing program to enhance returns. Class A shares offer a stable 15% yield, while Preferred shares offer a rate between 5% and 8%, based on prime plus 1.50%.
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