Canadian Banc stock dividend – Canadian Banc Corp Announces 0.172 Cash Dividend
March 23, 2023
Dividends Yield
On March 21 2023, Canadian Banc ($TSX:BK) Corp Announced a 0.172 cash dividend. This is on top of the 2.1 CAD per share that they have been issuing annually over the last three years, which has resulted in an average dividend yield of 14.58%. This makes CANADIAN BANC an attractive dividend stock, with an ex-dividend date of March 30 2023. If you are looking to invest in a dividend stock, CANADIAN BANC should definitely be on your list.
Price History
This news caused the stock to open at CA$13.3 and close at CA$13.4, which marked an increase of 1.5% from the prior closing price of CA$13.2. 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 |
| 4.32 | -5.22 | 73.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Canadian Banc. More…
| Operations | Investing | Financing |
| -52.79 | – | 107.92 |
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 |
| 353.12 | 168.77 | 5.4 |
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 |
| -42.6% | – | – |
| FCF Margin | ROE | ROA |
| -1223.1% | 2.3% | 0.6% |
Analysis – Canadian Banc Intrinsic Value Calculator
At GoodWhale, we have done an in-depth analysis of CANADIAN BANC‘s fundamentals. Our proprietary Valuation Line gives an intrinsic value of CANADIAN BANC’s share of around CA$15.9. Currently, CANADIAN BANC stock is traded at CA$13.4, which is a fair price and is underrated by 15.7%. Thus, investing in CANADIAN BANC right now might be a worthwhile investment opportunity for any investor. More…
Peers
– Premium Income Corp ($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 sound investment for the past three years, with an average dividend yield of 14.58%. This yield is attractive to investors, as it generates returns on their investments above the rate of inflation.
In addition, CANADIAN BANC has consistently paid out a dividend of 2.1 CAD per share annually, providing reassurance to shareholders that their returns will remain consistent and reliable. This makes CANADIAN BANC an attractive option to investors looking for steady, reliable returns. Its financial stability and dividend track record have also earned the company a strong credit rating, further increasing its appeal to investors seeking both short-term and long-term gains.
