Canadian Banc dividend yield calculator – Canadian Banc Corp Announces 0.17038 Cash Dividend

Dividends Yield

On February 25, 2023, Canadian Banc ($TSX:BK) Corp announced a 0.17038 cash dividend. For the last three years, CANADIAN BANC has been paying an annual dividend per share of 2.1 CAD, yielding an average of 14.58%. This makes it an excellent choice for dividend investors looking to add a reliable and valuable stock to their portfolio. The ex-dividend date for this dividend is February 27, 2023, which means that if you purchase the stock on or after that date, you will not be entitled to receive the dividend.

However, investors who purchased the stock before the ex-dividend date will be eligible to receive the dividend on March 13th, 2023. CANADIAN BANC is an attractive dividend stock that offers a steady income stream for investors. With a steady track record of paying dividends and a yield of 14.58%, CANADIAN BANC is the perfect choice for any investor looking to add a reliable and rewarding dividend stock to their portfolio.

Market Price

On the same day, its stock opened at CA$13.8 and closed at the same price, a decrease of 0.2% from the previous closing price of CA$13.8. With this cash dividend, CANADIAN BANC Corp continues to reward shareholders and demonstrates its commitment to delivering long-term shareholder value. The company believes this dividend is a reflection of its strong financial performance and outlook. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Canadian Banc. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Canadian Banc. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Canadian Banc. More…

Key Ratios Snapshot

Some of the financial key ratios for Canadian Banc are shown below. More…

Analysis – Canadian Banc Intrinsic Stock Value

At Good Whale, we strive to provide an in-depth financial analysis of companies for our customers. We recently analyzed the financials of CANADIAN BANC Corporation. After a thorough review of the company’s financial statements, we have determined that the fair value of CANADIAN BANC shares is around CA$15.9. Our proprietary Valuation Line allows us to accurately measure and deduce this fair value. Currently, CANADIAN BANC stock is being traded at CA$13.8, a price that is undervalued by 13.2%. This means that investors can take advantage of this price discrepancy and purchase the stock at a discount. More…

Peers

– Premium Income Corp ($TSX:PIC.A)

Income Premium Corp is a publicly traded real estate investment trust that specializes in investing in mortgage-backed securities and other sources of income-generating real estate assets. The company has a market cap of 91.39M as of 2023, which is indicative of the size of the company and its presence in the market. Income Premium Corp also has a Return on Equity of 2.13%, which is a measure of how efficiently the company is using its resources to generate profits. This suggests that the company is well managed and has a healthy balance sheet, which can be attractive to investors looking for steady returns.

Summary

CANADIAN BANC has proven to be a wise investment choice for dividend investors in the past three years. With an annual dividend per share of 2.1 CAD and a yield of 14.58%, investors can expect steady income from their investment. Furthermore, the stock has consistently provided a high dividend yield, making it an attractive option for those looking to generate passive income. Analyzing the company’s financials, taking into account earnings stability and market trends, can help investors make wise decisions when considering investing in CANADIAN BANC.