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Canadian Banc Corp T.BK

Alternate Symbol(s):  CNDCF | T.BK.PR.A

Financial Services Asset Management
The Companys investment objectives are (i) to provide holders of Preferred Shares with cumulative preferential floating rate monthly cash dividends at a rate per annum equal to the Prime Rate plus 0.75%, with a minimum annual rate of 5.0% and a maximum annual rate of 7.0% (ii) to provide holders of Class A Shares with regular floating rate monthly cash distributions targeted to be at a rate per annum equal to the Prime Rate plus 2.0%, with a minimum targeted annual rate of 5.0% and a maximum targeted annual rate of 10.0% and (iii) to return the original issue price to holders of both Preferred Shares and Class A Shares at the time of the redemption of such shares on December 1, 2012.


TSX:BK - Post by User

Canadian Banc Corp > Brokers just can't believe the dividends are so high
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Comment by mousermanon Jan 04, 2022 12:36pm
104 Views
Post# 34282070

RE:RE:Brokers just can't believe the dividends are so high

RE:RE:Brokers just can't believe the dividends are so high I dont think many depend on the Bank brokerage stats for much. I know i dont .
I use Stockwatch to get accurate  daily volume counts  ( inc ats) and share numbers. 
AND stockwatch today has the yield @ 14.02 % , which is quoting the current  ( jan 10) distributions payout, and not the future one coming in February.
EdPaquette wrote: When will the brokers wake up?  Whenever they do, I believe it will cause a blip in the selling price.
EdPaquette wrote: Mine still shows 9% but is accurate in it being 17 cents. 




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