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Bullboard - Stock Discussion Forum 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... see more

TSX:BK - Post Discussion

Canadian Banc Corp > anyone have a calc for next month's dividend ?
View:
Post by Mickey2 on Nov 01, 2022 7:40am

anyone have a calc for next month's dividend ?

thank you
Comment by oldtrustguy on Nov 01, 2022 10:20am
BK oct 27     13.39 oct 28     13.07 oct 31     12.84              =39.30 = 13.10 X 15% = 1.965 divided by 12 = .16375
Comment by mouserman on Nov 02, 2022 3:40pm
As per SW trading stats, the average price in the last 3 days of OCTOBER trading was $13.027, which works out to 16.28 cents for the distribution that will be paid in December. That is up from 16.088 to be paid in November.
Canadian Banc Corp