Canadian Banc dividend yield – Canadian Banc Corp Declares Cash Dividend of 0.16575
January 31, 2023
Dividends Yield
Canadian Banc dividend yield – On January 18, 2023, Canadian Banc ($TSX:BK) Corp declared a cash dividend of 0.16575. This is a great opportunity for investors interested in dividend stocks to add CANADIAN BANC to their list. The bank has been consistently paying dividends for the past two years, with dividends per share at 1.76 CAD and 1.17 CAD respectively. This resulted in dividend yields of 12.08% and 9.7%, respectively. The average dividend yield over this period is 10.89%, with an ex-dividend date of January 30th, 2023.
The bank has a strong focus on customer service and sustainability, which has helped it to build a loyal customer base. It has also been investing in technology to create innovative customer experiences and drive efficiency. The company has also committed to reducing its environmental footprint by investing in renewable energy sources and reducing emissions from its operations. With strong fundamentals and a commitment to sustainability, CANADIAN BANC is definitely worth considering for those looking to add a dividend stock to their portfolio.
Market Price
This was an increase of 0.8% from the last closing price of CANADIAN BANC stock which opened at CA$13.9 and closed at CA$14.0. The dividend is meant to reward shareholders for their long term investment and loyalty to the company. It has a strong presence in the Canadian banking industry and offers a wide variety of services, including retail banking, commercial banking, wealth management, and asset management services. This is meant to reward shareholders for their long term investment in the company.
The board of directors of CANADIAN BANC believe that these dividends will not only reward shareholders for their long-term commitment to the company but also serve as a signal of its commitment to providing value to its shareholders. CANADIAN BANC Corp is committed to its shareholders and is dedicated to providing them with long-term value and stability. The company is confident that these dividends will provide its shareholders with an attractive return on their investments. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Canadian Banc. More…
| Total Revenues | Net Income | Net Margin |
| 16.5 | 9.85 | 91.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Canadian Banc. More…
| Operations | Investing | Financing |
| -1.71 | – | 27.36 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Canadian Banc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 291.49 | 278.8 | 6.9 |
Key Ratios Snapshot
Some of the financial key ratios for Canadian Banc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -6.9% | – | – |
| FCF Margin | ROE | ROA |
| -10.3% | 10.8% | 3.2% |
VI Analysis – Canadian Banc Intrinsic Value Calculator
CANADIAN BANC‘s fundamentals indicate its long-term potential, and Value Investor (VI) app makes it easy to analyze them. With the help of this app, one can easily obtain the fair value of CANADIAN BANC shares, which is estimated to be around CA$19.7. Compared to the current market price of CA$14.0, this suggests that CANADIAN BANC is currently undervalued by 29.0%. This presents a good opportunity for investors to buy the stock at a discounted rate and benefit from its potential in the long run. Apart from the VI app, there are many other ways to analyze CANADIAN BANC’s fundamentals and assess its growth potential. For instance, investors can look at the company’s financial statements, management performance, market share, and industry trends to get an overview of its performance. Additionally, investors can also compare CANADIAN BANC’s stock price performance with its peers to gain insights into the company’s prospects. Overall, the undervaluation of CANADIAN BANC stock presents investors with a great opportunity to invest in the company for potentially higher returns in the future. More…
VI Peers
– Premium Income Corp ($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
Investing in CANADIAN BANC can be a wise decision for those seeking dividend income. The bank has consistently provided annual dividends per share of 1.76 CAD and 1.17 CAD in the past two years, with dividend yields of 12.08% and 9.7%, respectively. The average dividend yield is 10.89%, and the ex-dividend date is January 30, 2023. With this dividend yield, investors can expect to receive an attractive return on their investment.
The bank has a strong balance sheet and is well-capitalized, which makes it a reliable long-term investment opportunity. Furthermore, the bank has a track record of success and has proven to be a reliable dividend payer. With its consistent dividend payouts, investors can be confident that their investment in CANADIAN BANC will provide them with steady returns over time.
