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An update from Canadian Banc Corp Class A ( (TSE:BK) ) is now available.
Canadian Banc Corp has announced its monthly dividend declaration for Class A and Preferred shares. Class A shareholders will receive a dividend of $0.14975 per share, while Preferred shareholders will receive $0.05583 per share, payable on March 10, 2025. This distribution aligns with the company’s policy of generating a stable yield for shareholders, maintaining a 15% annualized rate for Class A shares based on the volume weighted average market price.
More about Canadian Banc Corp Class A
Canadian Banc Corp is focused on investing in a diversified portfolio of six publicly traded Canadian banks. The company utilizes a strategic approach that includes a covered call writing program to enhance returns beyond the traditional dividend income from its holdings. The banks in its portfolio include major Canadian financial institutions such as the Bank of Montreal, Royal Bank of Canada, and Toronto-Dominion Bank.
YTD Price Performance: -15.14%
Average Trading Volume: 92
See more insights into BK stock on TipRanks’ Stock Analysis page.
