An announcement from Canadian Banc Corp Class A ( (TSE:BK) ) is now available.
Canadian Banc Corp. has announced its monthly dividend distribution for both Class A and Preferred shares, with Class A shareholders receiving $0.14575 per share and Preferred shareholders receiving $0.05375 per share. The distribution policy, established in November 2021, ensures a stable yield for Class A shares at 15%, while Preferred shares yield between 5% and 8%, depending on the prime rate. This announcement reflects the company’s commitment to providing consistent returns to its investors, leveraging its strategic investments in major Canadian banks.
More about Canadian Banc Corp Class A
Canadian Banc Corp. operates in the financial industry, primarily focusing on investments in a portfolio of six publicly traded Canadian banks. The company engages in a selective covered call writing program to enhance returns beyond the dividend income earned on its portfolio.
YTD Price Performance: 3.43%
Average Trading Volume: 124
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