Canadian Banc (TSE:BK) Sets New 52-Week High at $11.50

Canadian Banc Corp. (TSE:BK) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$11.50 and last traded at C$11.49, with a volume of 36431 shares changing hands. The stock had previously closed at C$11.46.

Canadian Banc Stock Down 0.1 %

The company has a debt-to-equity ratio of 98.31, a quick ratio of 2.23 and a current ratio of 1.98. The stock has a market cap of C$345.68 million, a P/E ratio of 4.91 and a beta of 1.23. The stock’s fifty day simple moving average is C$11.06 and its 200-day simple moving average is C$10.91.

Canadian Banc Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, August 9th were issued a $0.1359 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.63 dividend on an annualized basis and a yield of 14.24%. This is an increase from Canadian Banc’s previous monthly dividend of $0.14. Canadian Banc’s payout ratio is currently 71.67%.

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.