Canadian Banc Corp Class A (TSE:BK) has released an update.
Canadian Banc Corp. has announced monthly dividends of $0.13863 per Class A share and $0.06667 per Preferred share, with payments to be made on September 10, 2024 to shareholders of record as of August 30, 2024. The dividends reflect a 15% annualized rate for Class A shares based on recent market prices, while Preferred shares receive a rate tied to prime plus 1.50%, within a 5-8% range.
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