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Canadian Banc Corp Class A ( (TSE:BK) ) has shared an update.
Canadian Banc Corp. has announced its monthly dividend distribution for Class A and Preferred shares, with Class A shareholders receiving $0.13700 per share and Preferred shareholders receiving $0.05375 per share. This distribution reflects the company’s policy of maintaining a stable yield for Class A shares at 15% based on the volume-weighted average market price, while Preferred shares offer a yield based on prime rates. This announcement underscores the company’s commitment to providing consistent returns to its shareholders.
More about Canadian Banc Corp Class A
Canadian Banc Corp. operates in the financial services industry, focusing on investments in a portfolio of six major publicly traded Canadian banks, including Bank of Montreal and Royal Bank of Canada. The company aims to generate returns through dividend income and a selective covered call writing program.
YTD Price Performance: 28.37%
Average Trading Volume: 27,903
See more data about BK stock on TipRanks’ Stock Analysis page.