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The latest announcement is out from Canadian Banc Corp Class A ( (TSE:BK) ).
Canadian Banc Corp. has announced its monthly dividend distribution for both Class A and Preferred shares, with payments scheduled for July 10, 2025. Class A shareholders will receive $0.14675 per share, maintaining a 15% yield based on the volume weighted average market price, while Preferred shareholders will receive a dividend based on prime plus 1.50%, with a minimum and maximum rate set. This announcement reflects the company’s commitment to providing consistent returns to its investors.
More about Canadian Banc Corp Class A
Canadian Banc Corp. operates in the financial services industry, focusing on investment in a portfolio of six major publicly traded Canadian banks. The company aims to generate returns through dividend income and a selective covered call writing program.
YTD Price Performance: 29.88%
Average Trading Volume: 27,903
Learn more about BK stock on TipRanks’ Stock Analysis page.