BK Ex-Dividend Reminder - 6/26/15

On 6/26/15, Canadian Banc Corporation Class A (TSX: BK.TO) will trade ex-dividend, for its monthly dividend of $0.1072, payable on 7/10/15. As a percentage of BK's recent stock price of $12.60, this dividend works out to approximately 0.85%, so look for shares of Canadian Banc Corporation Class A to trade 0.85% lower — all else being equal — when BK shares open for trading on 6/26/15.

Below is a dividend history chart for BK, showing historical dividends prior to the most recent $0.1072 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 10.21% 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 $11.69 per share, with $15.52 as the 52 week high point — that compares with a last trade of $12.60.

In Wednesday trading, Canadian Banc Corporation Class A shares are currently up about 0.8% on the day.

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