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Canadian Banc Corp Class A ( (TSE:BK) ) has provided an announcement.
Canadian Banc Corp. has declared a monthly distribution of $0.16063 per Class A share and $0.04958 per Preferred share, payable on January 9, 2026 to shareholders of record as of December 31, 2025. Under its dividend policy, the Class A payout is based on a 15% annualized rate applied to the adjusted volume-weighted average price of $12.85 over the last three trading days of November 2025, reflecting the recent 10-for-100 Class A share split. Since inception, the company has distributed a total of $24.94 per Class A share and $11.53 per Preferred share, for a combined $36.47 per unit, while Preferred shareholders continue to receive a floating rate of prime plus 1.50%, subject to a 5.00%–8.00% corridor, underscoring the product’s focus on steady income for investors.
More about Canadian Banc Corp Class A
Canadian Banc Corp. is a Canadian-listed investment company that holds a portfolio of six major publicly traded Canadian banks—Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, Bank of Nova Scotia and Toronto-Dominion Bank. The firm aims to provide investors with income and potential capital appreciation through its split share structure of Class A and Preferred shares, enhancing returns by combining bank dividend income with a selective covered call writing program.
YTD Price Performance: 75.44%
Average Trading Volume: 211,055
See more insights into BK stock on TipRanks’ Stock Analysis page.