Reminder - CanBanc Income (CIC) Goes Ex-Dividend Soon

On 9/26/14, CanBanc Income (TSX: CIC.TO) will trade ex-dividend, for its quarterly dividend of $0.175, payable on 10/15/14. As a percentage of CIC's recent stock price of $11.54, this dividend works out to approximately 1.52%, so look for shares of CanBanc Income to trade 1.52% lower — all else being equal — when CIC shares open for trading on 9/26/14.

Below is a dividend history chart for CIC, showing historical dividends prior to the most recent $0.175 declared by CanBanc Income:


In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from CIC is likely to continue, and whether the current estimated yield of 6.07% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of CIC shares, versus its 200 day moving average:

CanBanc Income 200 Day Moving Average Chart

Looking at the chart above, CIC's low point in its 52 week range is $9.83 per share, with $11.80 as the 52 week high point — that compares with a last trade of $11.54.

In Wednesday trading, CanBanc Income shares are currently up about 0.3% on the day.

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