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Canadian Banc Corp T.BK

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

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

Comment by SueBee2772on Aug 25, 2023 12:30pm
106 Views
Post# 35605537

RE:re don't sell on down days

RE:re don't sell on down daysFor myself I need to be making passive income, but if my etfs go down a bit I can purchase shares at a larger yield for waiting. What I'm thinking with this is the yield is high now, but once the dividend is paid will it tank further? Also what happens to the yield and share price after the dividend is paid or once the next one is declared? 
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