Canadian Banc Corp. (TSE:BK – Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$13.05 and traded as low as C$11.81. Canadian Banc shares last traded at C$11.87, with a volume of 69,856 shares.
Canadian Banc Trading Up 0.7 %
The company has a 50 day moving average price of C$12.77 and a 200 day moving average price of C$13.05. The company has a debt-to-equity ratio of 87.38, a quick ratio of 2.23 and a current ratio of 2.09. The firm has a market cap of C$262.09 million, a price-to-earnings ratio of -30.44 and a beta of 1.31.
Canadian Banc Cuts Dividend
The business also recently announced a monthly dividend, which was paid on Friday, September 8th. Investors of record on Friday, September 8th were issued a $0.165 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $1.98 annualized dividend and a yield of 16.68%. Canadian Banc’s dividend payout ratio (DPR) is presently -510.26%.
Canadian Banc Company Profile
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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