GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Canadian Banc Corp (TSX:BK) » Definitions » Forward Dividend Yield %

Canadian Banc (TSX:BK) Forward Dividend Yield %

: 16.41% (As of Today)
View and export this data going back to 2005. Start your Free Trial

As of today (2024-04-15), the Forward Annual Dividend Yield of Canadian Banc is 16.41%.

As of today (2024-04-15), the Trailing Annual Dividend Yield of Canadian Banc is 16.41%.

TSX:BK's Forward Dividend Yield % is ranked better than
97.02% of 1207 companies
in the Asset Management industry
Industry Median: 5.88 vs TSX:BK: 16.41

Canadian Banc's Dividends per Share for the six months ended in Nov. 2023 was C$0.91.

During the past 12 months, Canadian Banc's average Dividends Per Share Growth Rate was -8.70% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 39.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 13.80% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 6.00% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Canadian Banc was 48.00% per year. The lowest was -24.20% per year. And the median was 4.20% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the Asset Management subindustry, Canadian Banc's Forward Dividend Yield %, along with its competitors' market caps and Forward Dividend Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Canadian Banc Forward Dividend Yield % Distribution

For the Asset Management industry and Financial Services sector, Canadian Banc's Forward Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Canadian Banc's Forward Dividend Yield % falls into.



Canadian Banc Forward Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

Canadian Banc Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
CAD 0.1292024-03-272024-03-282024-04-10Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1332024-02-282024-02-292024-03-08Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1312024-01-302024-01-312024-02-09Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1232023-12-282023-12-292024-01-10Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1202023-11-292023-11-302023-12-08Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1402023-10-302023-10-312023-11-10Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1612023-09-282023-09-292023-10-10Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1652023-08-302023-08-312023-09-08Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1642023-07-282023-07-312023-08-10Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1632023-06-292023-06-302023-07-10Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1662023-05-302023-05-312023-06-09Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1662023-04-272023-04-282023-05-10Cash DividendmonthlyCAD:CAD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Canadian Banc's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=1.548/10.73
=14.43 %

Current Share Price is C$10.73.
Canadian Banc's Dividends per Share for the forward twelve months is calculated as C$0.129 * 12 = C$1.548.

Canadian Banc's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=1.761/10.73
=16.41 %

Current Share Price is C$10.73.
Canadian Banc's Dividends per Share for the trailing twelve months (TTM) ended in Today is C$1.761.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Canadian Banc  (TSX:BK) Forward Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


Canadian Banc Forward Dividend Yield % Related Terms

Thank you for viewing the detailed overview of Canadian Banc's Forward Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.


Canadian Banc (TSX:BK) Business Description

Traded in Other Exchanges
Address
200 Front Street West, Suite 2510, P.O. Box 51, Toronto, ON, CAN, M5V 3K2
Canadian Banc Corp is a Canadian-based company operating in the financial services sector. The Company invests in an actively managed portfolio of common shares comprised of 6 Canadian chartered banks. The Company employs an active covered call writing program to enhance the income earned from the portfolio.