Canadian Banc (TSE:BK) Stock Price Passes Above Fifty Day Moving Average of $13.36

Canadian Banc Corp. (TSE:BKGet Rating)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$13.36 and traded as high as C$14.01. Canadian Banc shares last traded at C$13.98, with a volume of 34,898 shares traded.

Canadian Banc Stock Performance

The business has a 50 day moving average of C$13.36 and a 200 day moving average of C$13.23. The company has a market capitalization of C$177.35 million and a P/E ratio of 14.27. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 78.83.

Canadian Banc Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, January 10th. Investors of record on Tuesday, January 10th were paid a dividend of $0.1684 per share. The ex-dividend date of this dividend was Thursday, December 29th. This is a positive change from Canadian Banc’s previous monthly dividend of $0.17. This represents a $2.02 dividend on an annualized basis and a yield of 14.45%. Canadian Banc’s dividend payout ratio is presently 179.88%.

Canadian Banc Company Profile

(Get Rating)

Canadian Banc Corp. is a close-ended equity mutual fund launched by Quadravest Inc The fund is managed by Quadravest Capital Management Inc It invests in the public equity markets of Canada. The fund invests in stocks of companies engaged in the banking sector. It benchmarks the performance of its portfolio against the S&P TSX Financial Index.

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