Canadian Banc Corp T.BK

Volatility in financials and general markets today

[mouserman]

So back down goes the NAV for BK, and every split fund i watch.....
Saving grace for BK, is that it will continue to pay even if we enter a seriously big correction.
Despite where the commons are trading for BK today, the next pyout to commons will be about 18.89 cents per share in MAY....
I would imagine it will drop back a bit from that level, depending on the average stock price on the last 3 days of April. At $14.25 average price the distribution would drop from 18.89 pennies  to about 17.8 cents per share distribution for the June dist.

[Kadiddelhopper]

Thanks mm  ...Thinking ahead, with Macklem hell-bent on " doing whatever it takes ", the concern becomes how the Cdn Banks will hold-up ..certainly taking another whack again today.. I mistakenly thought rate-rises were good for Banks...got fooled once more, it appears.

[marketsense]

Kind of a double edged sword.  Higher rates help banks to an extent but crush the economy therefore impacting the banks.  I think the sword edge is sharper on impacting the economy side so the banks take a hit along with the rest of the economy.  This is just the beginning of the rise,  that is what concerns me.  I suspect it won't take much more before we see a more

[Kadiddelhopper]

Thanks again... I agree with the sentiment of your last line... I may choose to forego Div Income, until  Tiff and Jerome exit their sandbox... Was fun while it lasted, though!