Cash Dividend On The Way From Canadian Banc Corporation Class A (BK)

On 2/26/14, Canadian Banc Corporation Class A (TSX: BK.TO) will trade ex-dividend, for its monthly dividend of $0.1034, payable on 3/10/14. As a percentage of BK's recent stock price of $12.82, this dividend works out to approximately 0.81%, so look for shares of Canadian Banc Corporation Class A to trade 0.81% lower — all else being equal — when BK shares open for trading on 2/26/14.

Below is a dividend history chart for BK, showing historical dividends prior to the most recent $0.1034 declared by Canadian Banc Corporation Class A:

BK+Dividend+History+Chart

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 9.68% 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:

Canadian Banc Corporation Class A 200 Day Moving Average Chart

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 $12.82.

In Monday trading, Canadian Banc Corporation Class A shares are currently trading flat on the day.

More from Stocks

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves

GE Is Too Opaque, Too Diversified and Too Poorly Managed: Doug Kass Insider

GE Is Too Opaque, Too Diversified and Too Poorly Managed: Doug Kass Insider

Google's YouTube in Hot Water Again Over Ads on Inappropriate Content

Google's YouTube in Hot Water Again Over Ads on Inappropriate Content

Should Tesla Nominate a New CEO Not Named Elon Musk?

Should Tesla Nominate a New CEO Not Named Elon Musk?