On 1/29/14, Canadian Banc Corporation Class A (TSX: BK.TO) will trade ex-dividend, for its monthly dividend of $0.1015, payable on 2/10/14. As a percentage of BK's recent stock price of $12.45, this dividend works out to approximately 0.82%, so look for shares of Canadian Banc Corporation Class A to trade 0.82% lower — all else being equal — when BK shares open for trading on 1/29/14.
Below is a dividend history chart for BK, showing historical dividends prior to the most recent $0.1015 declared by Canadian Banc Corporation Class A:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from BK is likely to continue, and whether the current estimated yield of 9.78% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of BK shares, versus its 200 day moving average:Looking at the chart above, BK's low point in its 52 week range is $8.38 per share, with $13.00 as the 52 week high point — that compares with a last trade of $12.45.
In Monday trading, Canadian Banc Corporation Class A shares are currently trading flat on the day.